Our relentless quest for opportunity helps us identify value in complex or underappreciated situations. Our agility and active management approach helps unlock the true potential of our investments, while controlling risk.
At our core, we are opportunistic investors with a credit and event-driven focus.
No opportunity is too complex for us. We invest in opportunities where we can quantifiably unlock value through our expertise. Overlooked opportunities often provide compelling asymmetry.
Patience is key—we are not swayed by short-term trends or volatility. Our strategy prioritizes long-term gains over speculative short-term bets.
Margin of safety forms the cornerstone of our investments. It ensures that even if our valuation assumptions are slightly off, the investment still offers protection against substantial losses. We are Skeptical of macro-level predictions, we take a bottom-up approach, guided by proprietary research and decades of operational experience in the industry and subject matter.
We believe over-diversification can prove to be counterproductive. Fewer, concentrated bets allow us to maximize outcomes when compelling opportunities arise. We prefer a smaller basked of excellent deals rather than spreading capital across many mediocre opportunities.
Our conviction helps us sieze opporuntiies when the evidence supports our thesis, however our skepticism fosters critical thinking and helps eliminate confirmation bias.
