Our investment and advisory activities are guided by one fundamental principle: we recognize that private equity investing offers high absolute rates of return because it is able to consistently capitalize on the inefficient allocations of capital that regularly occur in the financial markets. Our private equity investment programs identify and exploit these capital inefficiencies across a variety of industries and private equity strategies. We are unique because, unlike most advisory firms, we create and manage our own domestic and international direct investment funds, giving us valuable operating experience that informs and enhances our advisory services.

Each investment idea is formed through the perception of a specific market inefficiency. This can mean seeking out sectors of capital starvation; misperceived or out of favor industries and asset classes; companies with significant franchise value, barriers to entry and other competitive advantages; and government or tax policies that skew the risk/return tradeoff decidedly in the investor's favor. This thesis-driven investment discipline positions the firm to identify "beyond the horizon" investment opportunities best suited to benefit from the value-added potential of private equity investing. Experience shows that market inefficiencies create private equity opportunities in every market cycle. Using this approach, the firm confidently expects each investment opportunity to generate an absolute return in excess of 20% per annum over the life of the investment.

Our thesis-driven macro approach generates compelling investment ideas; implementing those ideas requires great management teams. The firm looks to partner with strong, creative entrepreneurs - whether they are management teams of companies receiving firm capital or are themselves managers of specialized private equity funds which offer the firm a pre-existing structure through which it can access its targeted opportunity. This "buy and build" orientation allows the firm to address opportunities quickly and efficiently, whether through creation of a direct investment fund or by placing capital with other talented private equity management firms.