Strategy
Industrials
Sub-Sector Focus:
Specialty Distribution
Packaging
Niche Manufacturing
Building Materials
What we look for
- Strong and durable moat(s) from asset base, relevant scale, operating model, etc.
- Business models with repeating and/or recurring sales and excellent customer retention
- Value creation levers from go-to-market, pricing, operations and industry consolidation
Representative investments:
Business Services
Sub-Sector Focus:
Specialized Advisory and Technical Services
Critical Industrial and Facility Services
Insurance Services
What we look for
- Technical or regulated workflows where expertise is the moat
- Recurring or re-occurring revenue, low churn, with high customer lifetime value
- Clear path to scale via sharper go-to-market, tech-driven efficiency gains, geo expansion and/or M&A
Representative investments:
Financial Services
Sub-Sector Focus:
Insurance – P&C and Life
Asset & Wealth Management
Specialty Finance
What we look for
- Durable unit economics through market cycles
- Best-in-class risk management and underwriting performance
- Potential for margin uplift through leveraging new technologies
- Strong management teams capable of building better versions of existing market participants
Representative investments:
