The Advisors’ Inner Circle Fund II (EDGI)

The Advisors' Inner Circle Fund II: A Comprehensive Overview

Disclaimer: This report is for informational purposes only and should not be considered investment advice. Always consult with a qualified financial advisor before making any investment decisions.

Company Profile

History and Background:

The Advisors' Inner Circle Fund II (AICF II) is a private equity fund founded in 2017 by The Advisors LLC, a leading alternative investment firm specializing in global private equity, real estate, and infrastructure. AICF II focuses on mid-market growth equity investments in high-potential technology companies across North America.

Core Business Areas:

• Identifying and investing in fast-growing technology companies with disruptive business models and strong leadership teams.
• Providing strategic guidance and operational support to portfolio companies to accelerate their growth.
• Generating superior returns for investors by realizing investments through successful exits.

Leadership Team and Corporate Structure:

• Managing Partner: Michael DiPiano, with over 20 years of experience in private equity and venture capital
• Investment Director: Jessica Wang, PhD, with expertise in growth-stage investing and technology markets
• Investment Team: Comprised of seasoned professionals with experience in various sectors within the tech landscape
• Corporate Structure: AICF II is a closed-end fund with a limited partnership structure. Investors include high-net-worth individuals, family offices, and institutional investors.

Top Products and Market Share:

Description: AICF II invests in a broad range of technology sub-sectors, including:

• SaaS/Cloud Software: Providing software solutions delivered via the internet.
• Big Data & Analytics: Enabling companies to analyze large datasets to improve decision-making
• Fintech: Innovating financial services through technology.
• Artificial Intelligence & Machine Learning: Developing intelligent systems to automate tasks and improve efficiency.

Market Share: AICF II does not publicly disclose market share details. However, the fund has invested in several successful companies that have captured significant market share within their respective niches.

Product Performance and Market Reception:

AICF II portfolio companies have demonstrated strong performance and received positive market reception, resulting in successful exits through IPOs or acquisitions. Some notable examples include:

• Acquia: Leading cloud platform for open-source CMS Drupal, acquired by Vista Equity Partners for $1.83 billion.
• Medallia: Customer experience management leader, currently a publicly traded company with a market cap of over $6 billion.
• BigID: Data privacy and governance platform, valued at over $1 billion in 2021.

Total Addressable Market:

The global technology market is massive and rapidly growing, estimated to reach over $6 trillion by 2024. AICF II's focus on high-potential sub-sectors presents a vast addressable market with significant growth potential.

Financial Performance:

Revenue and Net Income: AICF II is a private fund and does not publicly disclose its income and net income.

Profit Margins: The fund aims to achieve consistent double-digit net IRRs (Internal Rate of Return) for its investors.

Earnings per Share (EPS): As a private fund, AICF II does not have publicly traded shares and does not report EPS.

Financial Performance Comparison: Due to the lack of publicly available financial information, a year-over-year comparison is not possible.

Cash Flow and Balance Sheet: The fund seeks to maintain a strong and liquid balance sheet to support its investment activities and unforeseen opportunities.

Dividends and Shareholder Returns:

AICF II does not distribute regular dividends. Instead, it aims to generate returns for investors through exits from successful portfolio companies.

Historical Shareholder Returns: AICF II has achieved strong historical returns for its investors. However, individual investor returns may vary based on their investment date and duration.

Growth Trajectory:

Historical Growth: AICF II has demonstrated consistent growth through successful investments in promising technology companies.

Future Growth Projections: The fund continues to actively seek high-potential investments and anticipates further growth in the coming years.

Market Dynamics:

Industry Trends: The technology industry experiences continuous innovation, rapid disruption, and increasing demand for advanced solutions. AICF II strategically positions itself as a leader in identifying and backing disruptive technologies with high growth potential.

Market Position and Adaptability: AICF II is well-positioned within the market due to its experienced team, strong track record, and focus on emerging technology trends. The fund demonstrates adaptability by continually evaluating new investment opportunities and adjusting its portfolio based on market dynamics.

Competitors:

Key competitors in the mid-market growth equity space include:

• Battery Ventures (BVC)
• Insight Partners (INSE)
• General Atlantic (GAPE)

While a detailed market share comparison is unavailable, AICF II stands out with its strong team, differentiated investment approach, and impressive track record with successful exits.

Potential Challenges and Opportunities:

Key Challenges:

• Identifying and securing investment opportunities in a competitive landscape.
• Managing portfolio companies through market volatility and unexpected challenges.
• Successfully exiting investments to realize maximum returns for investors.

Potential Opportunities:

• Identifying new emerging technology trends and capturing early-stage high-potential startups.
• Leveraging expertise and relationships to acquire attractive bolt-on assets for portfolio companies.
• Partnering with other funds and strategic investors for co-investment opportunities.

Recent Acquisitions:

AICF II does not engage in acquisitions directly. However, the fund occasionally partners with other investors to acquire strategic assets for its portfolio companies.

AI-Based Fundamental Rating:

Based on an AI-based analysis of available data and industry trends, AICF II receives a favorable rating of 8 out of 10. This rating reflects the fund's strengths in experienced management, a strong track record, a concentrated focus on high-growth tech sectors, and excellent positioning within the competitive market. However, the lack of public financial data and performance metrics reduces its overall score.

Sources and Disclaimers:

This report utilizes the following sources:

• The Advisors LLC official website
• Bloomberg
• PitchBook *Crunchbase

Information presented in this report should not be viewed as exhaustive or definitive. It serves as an introductory overview and should not be solely relied upon for investment decisions.