Investment Philosophy
We don't chase trends.
We build infrastructure.
Our philosophy is built on a simple premise: sustainable wealth creation requires discipline, transparency, and genuine alignment between managers and investors.
Our Foundation
Three pillars that define every decision we make.
Allocator Mindset
We optimize risk-adjusted outcomes, not hype. Every deal passes through a strict underwriting framework that prioritizes downside protection before upside potential.
- Rigorous stress-testing of every investment thesis
- Conservative assumptions on exit multiples and timelines
- Focus on margin of safety before return potential
See in Action
See our track recordPlatform Building
Repeatable engines beat isolated wins. We build infrastructure, like Kudo and The Pave, to ensure governance, operating cadence, and deal flow consistency.
- Systematic sourcing through proprietary channels
- Standardized due diligence and monitoring
- Operational playbooks refined over hundreds of deals
See in Action
Alignment First
No hidden fees. Significant GP co-investment. Our economics are structured so we only succeed when our partners realize actual returns.
- GP commits meaningful capital alongside LPs
- Performance fees only after preferred returns
- Transparent fee structures with no hidden costs
See in Action
Explore our strategiesGuiding Principles
The principles that govern every allocation decision.
Capital Preservation
We measure success not just by returns generated, but by losses avoided. Our first question on any deal: "What can go wrong?"
Risk-Adjusted Returns
We don't chase the highest IRR. We seek the best risk-adjusted return for the illiquidity premium our partners accept.
Patient Capital
We underwrite to conservative timelines. Rushing to exit destroys value. We let compounding work in our favor.
Full Transparency
Monthly reporting, quarterly letters, open communication. Our partners always know exactly where their capital is deployed.
"We are the largest investors in our own funds. We do not win unless our partners realize actual, distributed returns."
Our Discipline
Knowing what to avoid is as important as knowing where to invest.
Discipline isn't about saying yes to good deals—it's about saying no to everything else. Our high rejection rate isn't a bug; it's a feature of our investment process.
Ready to Learn More?
See our philosophy
in action.
Explore our current strategies or schedule a conversation with our team to discuss how our approach might fit within your portfolio.
"Philosophy without execution is just a slogan. We've built our entire business model to ensure our principles are embedded in every process, every deal, every report."