Select the best of the best

Partner with outstanding people

The most successful outcomes are achieved when a team is united by a shared vision. This is why we evaluate potential deals not only from a business standpoint but also through the lens of the people involved. We believe that for a deal to move forward, it must align with both strategic objectives and the strengths of the team behind it.

We engage directly with our portfolio companies, working in them rather than simply on them. It's essential that our partners are not only highly skilled but also that we are genuinely excited about collaborating together.

In turn this attracts high quality talent. The best operators recognize the value of a quality investors and understand that selective investors will bring more to the table. We also prioritize the broader capital table and believe that our most successful investments are those made alongside exceptional co-investors.

Buy the base case

We seek businesses with a raison d'être—enterprises rooted in niche industries, characterized by decades of steady growth and meaningful market presence. Our investment thesis rejects the Silicon Valley narrative of chasing ephemeral unicorns. Instead, we prioritize sustainable, purposeful organizations with demonstrated resilience and genuine competitive advantages.

To neutralize emotional bias, we apply a disciplined and consistent assessment methodology. Every potential investment undergoes evaluation under conservative baseline scenarios: revenue tracking with inflation, current market debt pricing, and consistent margin performance. The few investments that demonstrate compelling fundamentals under these stringent conditions—and where we can materially enhance value—represent our ideal opportunities.