01 / Unique
A unique concentrated portfolio
A unique, concentrated portfolio of family-controlled holding companies that is unlikely to be found in other funds or indices. Thematic investment in a segment with limited coverage by other funds.
Our investment principles
Investment Fundamentals
A unique portfolio.
Long-term capital growth.
A unique, concentrated portfolio of family-controlled holding companies, with a vocation of long-term permanence and the objective of capital compounding.
Explore the six fundamentalsSix fundamentals
What shapes
our portfolio
Investment selection by fundamentals, seeking the best equity opportunities through publicly traded, family-controlled holding companies.
02 / Business
Unique, high-quality businesses
We seek unique portfolio companies: high-quality, resilient businesses that are difficult to replicate, with high returns on capital, attractive industries, and great reinvestment opportunities and histories.
03 / Engaged
Management aligned with owners
We seek management with exceptional skill, integrity and passion, who treat shareholders like partners. A historical track record of value creation and alignment of interests between shareholders and the management team are central to our approach.
04 / Asset
Diversification & asymmetric opportunities
Diversification across sectors and companies through the portfolios owned by holding companies. We seek complex, inefficient and overlooked investment opportunities, looking for situations with an asymmetric risk-reward profile.
05 / Global
Fundamental & benchmark-agnostic
Investment selection by fundamentals and a benchmark-agnostic approach, seeking the best equity opportunities. Greater focus on Europe and the United States, where there is a wide universe of publicly traded, family-controlled holding companies.
06 / Long term
Long-term permanence
A vocation of long-term permanence in the investment portfolio, reducing portfolio turnover with the objective of capital compounding.
Our objective
Long-term capital growth
through quality ownership
Our objective is to achieve long-term capital growth by investing in a diversified portfolio of quality companies through publicly traded, family-controlled holding companies trading at a discount to their net asset value and applying a long-term permanence strategy.
Explore our investment philosophy