VALUES

Partners First
Our partners come first. Their capital, interest payments and profits are always paid before the management's. The assets of our firm are our partner relationships, capital and reputation, which are never risked.

Simplicity
We search for deals where the value is clear and where simple math illustrates the path to profit. Our deals can be explained in one to two sentences to a layman.

Discipline
We say no to 9 out of 10 deals. Saying no is a core competency of our firm. We are willing to listen to ideas, but all yes decisions have a few key ingredients: a purchase price that locks value in from the start, simple financing and a clear end date. If any of these key ingredients is absent, the answer is no!

Adaptability
While the strong may survive, strength is a function of context, which is always changing. Adaptability is at the core of our strength and long-term success. Opportunities, deal structures, asset classes and holding periods will change, but our values remain constant.

Profit
We are cautious capitalists. We need to see a clear path to profit before we invest. In addition to making money, our partners want to be able to sleep at night knowing that their capital is safe.

Transparency
The money entrusted to our firm belongs to our investment partners. They are entitled to complete access to all our information and processes.