Strategy
Industry Focus
We perpetually leverage our research and relationships to identify and cultivate actionable investment theses in defensive growth niches insulated from macroeconomic cycles.
- Vertical software / SaaS
- Tech-enabled services
- Communications technology and connected devices
- Facilities and industrial services
- Business process outsourcing services
- Information and IT services
- Insurance distribution and services
- Specialty finance
- Niche asset management
Investment Criteria
Companies with proven business models and a clear path for organic or acquisition growth opportunities
Situations where our capital is used to provide liquidity to shareholders, working capital for growth, or financing for acquisitions
We typically invest $25-$200 million in equity. Our investment can be scaled over time
We can take minority or majority positions. We seek to be active, value-added investors, engaging with management at the board level to design and implement entrepreneurial growth strategies. Regardless of ownership position, we leave day-to-day operations to our trusted management partners
Investment Structure & Term:
We invest in common equity or structured securities and seek to create bespoke solutions for unique situations. Our capital base allows for flexible hold periods so that we can prioritize and plan for long-term value creation
We use leverage conservatively and design capital structures to support growth rather than engineering returns