U.S investors


We invest in industry leaders that:

  • Demonstrate an enduring competitive advantage
  • Have business models that create wealth over an economic cycle
  • Led by management teams with shareholder alignment, a proven ability to execute, and a focus on governance considerations and sustainability to reduce long-term risk to investors

Our subjective evaluation of management teams is a critical step in our process—and has many times proven to be the most effective part of our bottom-up fundamental process. We believe that aligning ourselves with exceptional management teams is absolutely critical to delivering long-term results.

All of our proprietary internally-generated research has resulted from experienced analysts rolling up their sleeves to gain a true understanding of the businesses to which we have committed our client capital.