top of page

SEIZING OPPORTUNITY IN
THE OVERLOOKED

OUR PHILOSOPHY

Our unique model emphasizes asymmetric risk-return opportunities by identifying resilient businesses operating in capital constrained environments. Lacking the deep, dynamic capital markets of the United States, many developed and emerging economies present differentiated investment opportunities, enabling our firm to fund small businesses where local debt and equity financing capacity is limited. We further seek to invest in attractive sector niches where institutional capital is not yet present or is in nascent stages of deployment.
 

While our approach enables flexibility to invest across the capital structure, we primarily take control equity positions in small and micro-scale enterprises operating in the Americas and Europe across the industrials, consumer & business services, and real estate sectors.
 

OUR KEY INVESTMENT CRITERIA

  • Defensible business model with limited disintermediation, substitution, or obsolescence risk

  • Stable, recurring cash flow profile

  • Capital efficient business model generating returns on invested capital (ROIC) in the mid-teens or higher

  • Operations in fragmented markets with consolidation opportunities or under-penetrated markets with opportunity to capitalize on both secular market growth and share gains

  • Small or micro-scale business with a total enterprise value of less than US$5 million

iStock-989117546.jpg
bottom of page