Our Philosophy
We believe that a portfolio built around non-correlated high-conviction ideas, supported by strong relationships and thoughtful structuring, generates persistent, outsized returns. With a focus on special situation investments and a strong inclination for differentiated thinking, we are most attracted to opportunities where creative problem solving can generate additional alpha.
We draw from a range of debt and equity-linked transactional structures that enable us to minimize idiosyncratic risk while maximizing expected returns through intelligent risk taking.
Our Approach
We focus on special situations and price inefficiencies in illiquid markets. Each investment undergoes a thorough bottom-up due diligence process. Provided the right structure for the transaction, our fundamental research dictates asset allocations and allows us to concentrate our portfolio in our highest conviction ideas. We view our moderate size as a key asset, allowing us to invest in markets that can’t support traditional, large institutions. Markets that are less-trafficked often go overlooked, imparting opportunities to invest in discrepancies between fundamental value and market value that offer attractive risk/reward profiles.