- IMA LLC represents more than 30 years of experience with investments in non-public assets, including: operating projects, real estate, commercial equipment, beneficial ownership of a trust interest, license rights, etc.
- IMA LLC serves separate portfolios of institutional and private investors.
- IMA LLC has hands-on experience with:
- Leveraged leases and project finance transactions
- Asset based financings
- Complex reporting, tax, and accounting issues
Examples of Investment Services
Maximizing Portfolio Value
Portfolio of equity investments in five domestic leveraged leases and one foreign based ownership “FSC” financing. Original asset costs totaled $405 million. Portfolio investments included:
- commercial aircraft
- inland barges
- various types of Class I rolling stock
- long-haul diesel electro-motive locomotives
IMA LLC researched and prepared a comprehensive investment analysis and a strategic plan to maximize after-tax cash for the client. IMA LLC prepared regular reviews on Lessee creditworthiness, evaluations of future residual values, tax and book implications of prospective sales, and estimates of a current “FMV” price for each asset.
IMA LLC executed on the sale of the portfolio assets. Sales resulted in the client booking significant gains on 4 investments while selling another at a slight gain.
IMA LLC was responsible for portfolio strategy covering all assets.
Managing an Active Portfolio
Portfolio of equity investments in eight leveraged leases and a partnership investment. Original asset costs totaled over $1.3 billion. Portfolio originally included:
- commercial aircraft
- interests in 3 separate power generation facilities (fossil and nuclear)
- manufacturing and assembly plant assets
- “NNN” retail real estate
- a large, primary chemical refinery
Researched and prepared an investment summary (1996) for each interest in the client’s portfolio. Under contract, IMA LLC prepares regular reviews on Lessee creditworthiness, exposure to future residual values, tax and book implications of prospective sales, and estimates of a current “FMV” for each investment. Client has also tasked IMA LLC with reviewing opportunities for option sales and 1031 LKE transactions.
Seven investments have been sold with IMA LLC representing the seller. Sales of six investments resulted in the client booking gains on sale, ranging from 20% to 150% in excess of the client’s base rate of return (8.50% to 14.00%). Only one investment was sold at ~$0 gain.
IMA LLC provides regular strategic services to the client.
Recovering Value from Troubled Assets
$132 million portfolio of loans, factored receivables, and demand notes.
IMA LLC prepared an estimate of value for the entire portfolio. After identifying troubled assets of $32 million, IMA LLC provided recommendations for prudent reserves. These recommendations were implemented. Client also retained IMA LLC to manage the restructuring and collection efforts for troubled assets. Primary goals were to maximize near-term cash collection and to minimize client’s risk of further reserves or write-offs.
IMA LLC provided oversight of the recovery efforts, and achieved cash collections of $15+ million on the $32 million of troubled assets. IMA LLC’s work helped client avoid additional reserves. Client retained IMA LLC to develop, implement, and support the client’s new portfolio management group. This group followed an organizational design first proposed by IMA LLC.
IMA LLC provided ongoing support of collection matters and portfolio administration.