Asset tracing for private equity.

In private equity, information asymmetry is the risk. A target's disclosed structure may not reflect who truly controls the underlying assets. A portfolio counterparty in dispute may present as asset-light while value sits in connected entities or overseas vehicles. Standard due diligence and legal process surface what the other side chooses to present; Umbragarde's asset tracing work establishes the picture they would prefer to keep obscured — from public records, corporate registries and lawful open-source investigation, corroborated and delivered discreetly.

Where it matters for private equity

• Pre-deal beneficial ownership — mapping the true control and ownership chain behind a target, including nominees, trusts and undisclosed affiliates, before exclusivity or signing.
• Counterparty disputes — locating assets held by a portfolio company's counterparty when a deal collapses or a warranty claim arises, to support enforcement or a negotiated exit.
• Post-deal recovery — tracing value extracted by a departing founder or management team against representations, with documentation suitable for legal proceedings.
• Cross-border structures — following ownership and asset trails across jurisdictions where domestic filings alone give an incomplete picture.

How we work

We take a confidential brief from deal counsel or in-house legal and scope the investigation to the specific question: ownership, assets, or both. We work from open sources and lawful records — company filings, property registers, court records, corporate intelligence — and corroborate every material finding before it is included. The output is a sourced, decision-ready map: readable by counsel, usable in proceedings or negotiations, delivered through a private channel. We never disclose a client or a matter.