A relationship on your terms.

Our investment activity is guided by the following core principles, formed over the course of decades of private equity investing

Single greatest determinant of investment performance is entry price

• Maintain rigorous price discipline on entry, as there is no solution to overpaying
• Market dislocations create excellent entry opportunities

Industry leaders are generally in that position for good reasons, and broken companies are often broken for good reasons

• Buy good businesses and invest behind strong managers
• Do not presume you can fix what others have tried and failed to solve

Stable businesses with strong cash flow profiles make for great investments

• Avoid fashionable sectors
• Prize cash flow generation and sustainability

Stable businesses with strong cash flow profiles make for great investments

• Behave honorably. Reputation as a good partner and honest broker is critical to current and future success
• Only work with those you respect and trust