Growth capital, not buyouts.
Ours is not a “buyout” firm; we provide growth capital. We deploy our capital to help our companies expand and prosper globally—each in its own way. Whether through growth, combinations, aggregation, or transformation, we build businesses.
- Organic growth & intelligent combinations
- Opportunistic aggregation
- Asset transformation
For 20 years, we have continually refined a consistent investment philosophy.
Partnership. Successful investing involves much more than financial capital; we are patient and active investors.
Globalization. The world economy is deeply and irrevocably integrated; we help our companies be truly internationally competitive.
Building value. Sustainable returns come from intelligent growth and thoughtful internationalization, not financial engineering.
Transparency & risk management. A high level of transparency for our investors and an acute focus on governance in each of our companies.
- Partnership
- Globalization
- Building value, transparency & risk management
We invest globally and opportunistically.
Rather than specialize in a specific country or industry, we see the world as our opportunity set. Our strategy is built on two concepts: continuities—large-scale, long-term global change driven by demographic, social, political, or technological forces—and dislocations—temporary divergences between value and price.
Our focus continuities: a transnational middle class · the future of food · consolidation of cyclical industries · the hardware & software of globalization · next-generation financial services · emerging markets-led M&A · wireless technologies · global growth & sustainability.
- Continuities
- Dislocations
- Superior risk-adjusted returns
A strict and constant discipline.
In executing our investment strategy, we adhere to a strict and constant discipline. Five values anchor our investment analysis, construction, and decisions—both the investments that we make and those that we do not.
- Intelligent valuations & creative structures
- Risk management & value creation
- Humility
Whether through growth, combinations, aggregation, or transformation, we build businesses.
Ours is not a “buyout” firm; we provide growth capital. We deploy our capital to help our companies expand and prosper globally—each in its own way. For example:
Organic Growth
Intelligent Combinations
Opportunistic Aggregation
Asset Transformation
This is our practice. We build businesses.
Five values anchor our investment decisions.
Five values anchor our investment analysis, construction, and decisions—both the investments that we make and those that we do not.
We are, fundamentally, value investors. We believe that attractive and fair valuations create superior risk-adjusted returns for all stakeholders.
Thoughtful investment structures can align interests, manage risk, and generate value. For two decades, we have created numerous innovative structures—preferred and convertible securities, option-based instruments, royalties and streams, and more.
We invest globally, with a special expertise in emerging markets. We continually analyze how to mitigate, manage, or eliminate risks—whether economic, currency, political, or exogenous.
We build our partnerships to create value for both our investors and our stakeholder partners—through secondments, strategic advice, institutional development, merger synergies, zero-based budgeting, and more.
We are chronic and insatiable learners, keenly aware of what we do not know. While we invest expansively in diligence, we also believe deeply in the fortitude to walk away.
Why Our Clients Love to Work with Us!
Daniel Foster
Maria Sanchez