Our investment philosophy is predicated on three key pillars that we believe we can take advantage of to generate attractive long-term returns with a margin of safety that protects us from permanent loss of capital.

Our investment team has a diligent and rigorous process for analyzing each investment in the portfolio with an owners’ mentality approach.  We look for businesses with what we consider strong normalized earnings and free cash flow with durable competitive advantages.  We believe our source of differentiation for our clients is our ability to develop well informed opinions and judgement across different sectors including both equity and credit investments.

Our collective experience has demonstrated to us that Mr. Market’s forward expectations are the least accurate when the timeframe is beyond 1 year.  We invest with a multi-year mindset which allows us to think as business owners and focus on the important long-term operational and valuation factors.  The private equity framework for our holding period allows us to generate asymmetric returns over time.

We are highly selective with our approach and only invest in our highest conviction ideas.  We believe a rigorous and accurate investment underwriting process is the best risk management tool.