Our primary goal is to generate attractive risk-adjusted returns for our investors by finding, executing and monetizing profitable investments. We prioritize investor interests and investment performance above other potentially competing incentives.
We are focused on long-term performance over short-term results and are willing to make investments and sacrifices to achieve that objective.
We own our successes and failures as a team. We celebrate our wins together and we learn from our mistakes with objective and transparent communication, internally and externally.
We value our partnerships and friendships, and we believe that the strength of those relationships is critically important to our business.
We are long-term investors focused on intrinsic value. We embrace complexity and contrarian thinking, creating investment profits through two complementary analytical processes:
We create value at purchase by finding mispriced opportunities relative to the underlying risk, and
We create value post-purchase by working with management teams and shareholders to help grow portfolio companies' revenues, profits and cash flows.
We are rigorous in our diligence, thorough in our process, creative and flexible in our approach, intensive in our debates, and willing to take calculated risks.
We constantly and objectively assess risk and opportunity across our portfolio, and seek to add risk when attractive and reduce risk when appropriate.
We act ethically and with integrity towards our investors, portfolio companies, counterparties, competitors, and each other.
Our team is our most valuable asset. We hire top-tier talent, act as positive mentors, work collaboratively to learn from each other and strengthen our skills, and generously reward performance.
We respect each other's time. We show up promptly, we come prepared, and we are efficient in what we ask of others.
We recognize that hard work and personal commitment are integral to the job. But we also try to have fun and enjoy our work and believe that a positive mindset and good humor contribute to better decision making.