We believe in partnership. We believe that successful investing involves much more than financial capital. We are active minority investors, providing strategic support and global resources to our portfolio companies. We work closely with management to execute intelligent growth plans.

We believe in globalization. We believe that the world economy is deeply and irrevocably integrated. We believe that the most successful companies must have a global perspective and be truly internationally competitive.

We believe in building value. We believe that sustainable investment returns are generated not by financial engineering but by intelligent growth and thoughtful internationalization. We are patient investors with a long-term outlook.

We believe in transparency & risk management. We maintain high levels of transparency and risk management for our stakeholders. We hold our portfolio companies to these same standards of governance.

STRATEGY

We focus on opportunities created by continuities and dislocations.

Continuities are large-scale forces driving global economic change over a decade or more. Continuities involve broad long-term changes, such as the evolution of consumption patterns, industrial organization, or mergers and acquisitions. Each continuity is fueled by underlying dynamics, including demographic, political, or technological change.

Our focus on continuities permits us to look beyond short-lived fashions in order to identify companies that are well-situated to excel in a dynamic global environment.

Dislocations are market disruptions that result in a temporary divergence between value and price. Dislocations may be caused by macroeconomic events, sectoral realignments, corporate or family reorganizations, or external shocks.

Our focus on dislocations permits us to look beyond short-lived price disruptions to identify companies whose fundamentals offer lasting value.