Portfolio operations heads see three to ten TSAs at once, each running on a different timeline, with a different seller, on a different cost structure. The questions are always the same. Is the run rate above plan. Is the exit date defensible. Are SLAs being enforced. Is the next sponsor's diligence going to find a stranded cost mess. TSA Advisory standardizes the answers across every active file in the portfolio.
Portfolio operations sits across every portfolio company in the fund. Where the operating partner owns one or two assets, portfolio operations owns the standard. The TSA work that lives at the portfolio level looks different from the work that lives inside a single carve-out.
A portfolio retainer covers these five jobs, refreshed quarterly with the same advisor across every active file.
One view of every active TSA in the fund. Monthly run rate, exit date, extension risk, open SLA claims, governance committee status. Refreshed each quarter.
A single TSA governance template applied across the portfolio. Same committee cadence, same scorecard, same escalation path. Portfolio companies stop reinventing the wheel.
Cost-plus mark-up benchmarks, mid-TSA pricing resets, extension fee minimization. Run the same playbook on every carve-out where the run rate has drifted past plan.
Carve-outs being readied for sale need a TSA off the operating model before the data room opens. Sequenced exit acceleration programs across every asset entering the exit window.
What worked on the last carve-out feeds the next one. The portfolio retainer keeps the lessons inside the fund instead of inside a rotating set of consultants.
The portfolio retainer is a quarterly engagement that touches every active TSA in the fund. The deliverables below cycle each quarter, focused on whichever assets are at the highest leverage point in that period.
Live view of every active TSA across the fund. Monthly run rate, exit date, extension risk, governance status, dispute exposure. Refreshed each quarter for the operating committee.
One TSA governance committee structure applied across the portfolio. Cadence, scorecard, escalation paths, board reporting. Replaces twenty different formats with one.
Quarterly refresh of cost-plus mark-up ranges, pass-through validation, extension fee curves and service catalog pricing across the portfolio's industry verticals.
Where the run rate has drifted past plan, run the same renegotiation playbook against the seller. Catalog rationalization, pricing reset, exit ramp rewrite. Sequenced asset by asset.
For carve-outs entering the fund exit window, a portfolio level program that sequences exit acceleration, stranded cost analysis and clean separation ahead of the data room.
SLA breach claims, service credit recovery and governance escalations run consistently across every active TSA. Recover dormant remedies before filing windows close.
Anonymized results from portfolio retainer engagements. Full case studies available on request under NDA.
Four active TSAs across the fund. Coordinated renegotiation and exit acceleration across the book. Run rate savings booked across the value creation models.
Three portfolio companies entering the exit window in the same quarter. Sequenced TSA exit programs landed all three on the original exit date.
Twelve portfolio companies on twelve different TSA governance models. One standard template, one cadence, one scorecard now used across every active file.
Portfolio retainer proposal in 48 hours. Same advisor across every asset. The first conversation is always free.