Our investment strategy

OverviewFund volumeIndustriesInvestment focusOur investorsResponsibility

we invest in businesses which improve people's lives

Throughout history, the businesses that have outperformed the market, have been those which have contributed meaningful societal impact, and we believe the future will be no different. Our investment philosophy, therefore, is to back businesses which serve the critical unmet needs of two types of global citizens: a) the patient, and b) the consumer. So doing, we aim to build a portfolio of separately-owned, but vertically-integrated companies, which will be diversified across geography, sector and stage.

Patient
Consumer
HEALTHCARE (LIFE SCIENCES)
INDUSTRIALS: LIFE SCIENCES MANUFACTURING
CONSUMER GOODS & RETAIL
INDUSTRIALS: CONSUMER GOODS MANUFACTURING
DIGITAL PLATFORM SERVICES: ENTERPRISE SOFTWARE | DIGITAL COMMERCE | DIGITAL FINANCIAL SERVICES | DIGITAL INFRASTRUCTURE
Healthcare
Consumer
INDUSTRIALS
Digital platform
services

our Allocation Strategy

Ticket size

Sector

Strategy

Allocation

avg. Holding

target Return

$50M+
All Core Sectors
Buyout
50%
5 years
3X+
$30M - $50M
All Core Sectors
Growth (Pre-IPO)
25%
7 years
5X+
$10M - $30M
All Core Sectors
Growth (Series C+)
25%
8 years
7X+

our Allocation Strategy

Ticket size

$50M+
$30M - $50M
$10M - $30M

Sector

All Core Sectors

Strategy

Buyout
Growth
(Pre-IPO)
Growth
(Series C+)

Allocation

50%
25%
25%

avg. Holding

5 years
7 years
8 years

target Return

3X+
5X+
7X+

our investment selection process

Investment sectors

  • Life Sciences
  • Consumer
  • Manufacturing
  • Tech-enabled services
    (related to the core 3 sectors above)

Investment stages

  • Growth equity
  • Corporate carveouts
  • Buyouts

Investment criteria

Growth Equity

  • Min. Capital Raised
    $100m
  • Min. Cash Runway
    18 months

Carveouts | Buyouts

  • Min. Revenue
    $50M - $100M
  • Min. EBITDA
    $10M - $20M
  • Min. Free Cash Flow
    $5M
  • Add-On Acquisitions may be smaller

Investment size

Growth Equity

  • Average Check Size
    $30M - $50M

    Min. Ownership
    10%

Carveouts | Buyouts

  • Average Check Size
    $50M - $100M
  • Min. Ownership
    51%