Deal-contingent exposure, portfolio-company risk and fund-level translation risk behave differently. Each is identified and modelled against the investment thesis, financing structure, holding period and exit scenario before a hedge is designed.

Audere Advisory structures and oversees deal and portfolio hedging. Audere Capital advises on debt, lender processes and structured finance, while Audere Analytics measures exposures, benchmarks execution and maintains a consistent record across the fund - allowing managers to compare the risk and cost position at exit with the assumptions made at entry.