Investment Process

We have an investment process that we believe creates value from four key elements.

Business Model Focus

We focus on identifying differentiated business models with sustainable competitive advantages including limited competitors, recurring revenue streams and proven management teams.

Long-Term Orientation

We invest with a long-term orientation that we believe allows competitive advantages to play out and mispricings to correct which other investors can miss due to a lack of patience.

Valuation Expertise

We approach investing in companies as though we are buying the whole business allowing us to focus on private market value not short-term public market price.

Concentration

We apply a high conviction strategy to force selectivity and maximise benefit from exceptional ideas while reducing risk by focusing on high quality, attractively priced businesses.