Following company progress
The TRICAPITAL Monitoring Group is headed by board member, Ian Burton.
It’s a group of 12 or so member experts who monitor portfolio companies, check board and company papers, and report back, highlighting any issues. The aim is to keep TRICAPITAL informed of companies’ progress, so that we can follow up on any concerns.
With some companies, TRICAPITAL has monitoring rights, and monitors company performance using data supplied by the company. If we have a larger stake, the monitor takes on the role of board observer, and attends and engages in board meetings. With companies with no monitoring rights, other methods are used.
In some cases, TRICAPITAL members may take on NXD roles. This is not a monitoring role. The monitoring role is given to an appointed TRICAPITAL member, to give the monitoring group an unbiased opinion on the business.
Information feeds into a quarterly Traffic Light report to the TRICAPITAL board. This flags up issues and progress. But if issues or questions crop up between those reports, we act right away. It’s vital to keep the flow of information going between TRICAPITAL and the portfolio companies.
Members get a monthly report from TRICAPITAL Investment Manager Kathy Kinder, which gives a general overview of companies’ activity. This report is posted on ProSeeder, our online investment management software.
The detailed traffic light reports on our 26 invested companies are reviewed by the board, and a particular traffic light report for any company can be accessed on request by members who have a current holding in that company.