Our goal is deliver enhanced returns and capital preservation, by fostering a long-term perspective and strong partnership culture with our investors, shareholders and the communities in which we have investments. We operate with financial discipline and uncompromising integrity to build sustainable value and preserve capital.  We believe consistently excellent performance can only be achieved through immersive knowledge of the opportunity at hand, not through attempts at predicting what is in store in the future.

We are intensely focused on performing at the highest levels. Our success is based on a rigorous application of our intellectual and financial capital, along with innovation and hard work. We strive to excel in investing while mitigating undue risk. It is our belief that a superior record is best built on consistently striving toward excellence rather than a mix of brilliant successes and dismal failures.

We feel that skill and hard work can lead to a "knowledge advantage," and thus to potentially superior investment results. But we do not believe this can occur in so-called efficient markets, where large numbers of participants share roughly equal access to information and act in an unbiased fashion to incorporate that information into asset prices. We believe there are less efficient markets in which dispassionate application of skill and effort should pay off and it is only in such markets that we invest.  To achieve superior returns in these markets, our first priority is that our actions produce consistency, protection of capital, and superior performance in bad times.

We are committed to remain entrepreneurial and innovative. This means being disciplined, pragmatic, questioning conventional wisdom, anticipating and developing new ideas, offering new approaches, and focusing on collaborative solutions and actions.  Specialisation offers the surest path to the results we seek.

Investing responsibly means acting as good stewards of capital for our investors, partners and shareholders, while respecting the communities and environment in which we have investments. We believe that effectively identifying and managing environmental, social and governance matters is integral to cultivating stable and well-functioning ecosystems, which in turn make our companies stronger and better positioned for long-term growth.

In order to achieve commonality of interests with our stakeholders, we pay strict attention to potential conflicts of interests, avoiding them if possible and dealing fairly with them if not.  It is our fundamental operating principle that if all of our practices were to become known, there must be no one with grounds for complaint.