The strategy of PLASE has been to invest in opportunistic situations focusing on strong asset values and core business assets. Such investments can take different forms, including purchases of assets subject to leases, asset-backed loans (which may include equity participations through warrants or similar mechanisms), investments in entities which own core assets (companies or corporations) and "special situations," such as options, residual interests, company structures and credit enhancement or asset value guarantee structures. The management principals have extensive experience in due diligence relating to asset values, working closely with outside industry specialists to evaluate asset value volatility, asset marketability and exit strategies. PLASE has invested primarily in smaller, "niche" markets rather than large, highly competitive transactions, generally resulting in better pricing. Investments range in size from $10 million to $75 million, and have terms of between 3 and 15 years. This investment approach has aimed at making conservative investments which still generate very attractive risk-adjusted returns on capital.

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PLASE provides capital to:

• Help businesses solve liquidity, accounting and tax issues.
• Assist asset owners in exiting non-core investments (although the asset is integral to the end user).
• Close quickly and efficiently to satisfy an asset owner’s need for immediate capital.
• Purchase and simultaneously finance core assets for end users lacking efficient access to capital.

PLASE generates returns on portfolio investments by:

• Receipt of operating cash flow (e.g. rent) in excess of debt service.
• Borrowing against free cash flow, in some cases by selectively pooling portfolio investments to receive lower interest rates and improved debt terms, and distributing the financing proceeds.
• Sale of portfolio investments.