We believe that many Small & Midcap businesses have untapped potential to generate attractive risk-adjusted returns in the long run due to inherent inefficiencies in less well-known or under-researched securities. That is why our strategy consists in investing in a concentrated portfolio of high-quality, niche businesses in Europe and North America across various sectors, including Business Services, Industrials, Software, Internet and Digital Infrastructure.

In everything we do, we believe in staying the course rather than getting swayed by short-lived fads and market fluctuations. Therefore, we take a private ownership approach towards investing in listed equities. 

Our long-term investment horizon enables us to benefit from the intrinsic value growth of the underlying portfolio businesses, driven by their ability to consistently generate and grow cash flows as well as allocate capital efficiently.

Our selection of portfolio companies follows a research-intensive framework aimed at identifying investment opportunities with an attractive long-term compounded return potential while minimizing the risk of a permanent loss of capital.