Investing

We keep the bar high in our search for businesses that offer both quality and opportunity

We focus on market leaders with deep moats and meaningful potential in three areas

Services

Specialized industrials

Healthcare

Our investments share three key attributes

Deep moat

Our businesses have been built over many years and have unique capabilities that are hard to replicate.

Long-term sustainability

We invest in businesses that we believe will be important and relevant a decade from now.

Meaningful growth opportunity

We focus on leading businesses with a line of sight to grow cash flow.

Framework

Our framework assesses every business based on Quality, Durability, and Opportunity.

We invest only when we are confident all three of these key attributes exist.

As a result, our businesses enjoy very similar characteristics, even though they may operate in different industries.

Quality

Our businesses have been built over many years and have unique capabilities that are hard to replicate.

Durability

We invest in businesses that we believe will be important and relevant a decade from now.

Opportunity

We focus on leading businesses with a line of sight to grow cash flow.