Investment Criteria

Business built
to endure.

We look for established businesses with durable advantages, strong management, and the ability to compound value over time.
Our criteria guide the work. Judgment determines
the opportunity.

The quality we value.

01

Durable Advantage

Defensible positions that are difficult to replicate and capable of strengthening over time.

02

RECURRING REVENUE

Visible, repeatable demand that supports durable cash flow.

03

EXCEPTIONAL MANAGEMENT

Experienced, principled leaders with a clear record of value creation.

04

STRONG CASH GENERATION

Consistent free cash flow and disciplined reinvestment.

05

PRICING POWER

The ability to sustain value, protect margins and invest through cycles.

06

DISCIPLINED CAPITAL USE

Thoughtful allocation focused on resilience and compounding returns.

The number matters. The quality of the business matters more.