We look to build a highly concentrated portfolio of no more than 25 companies where we carry out intensive diligence, only investing behind our highest conviction ideas. We focus our investments on smaller companies, typically too small for inclusion in the FTSE 250 index.
We believe the best investment decisions are made from a base of knowledge and experience, and we will make the majority of investments in industry sectors which we know well (TMT, Services, Industrials and Healthcare).
We evaluate each investment opportunity over a 3 to 5-year investment horizon. We have structured our business to reflect this belief and do not intend to run any capital which is redeemable over short time periods.
To think like an ‘owner’ of a business we believe your capital should behave like one too.
We are engaged investors. We like investing in companies which, whilst good, are under-performing their potential and where we see the opportunity for constructive corporate engagement to unlock improved returns for all stakeholders. We look to build large, influencing stakes in our investee companies and be a supportive partner to management.