Investment approach
Our team are relentless in using every resource and advantage we have to capture opportunities in a rapidly evolving market landscape.
Unrivalled access. Unconstrained thinking
Our purpose is to grow your wealth meaningfully over time through a diversified and resilient global portfolio.
To deliver this in a complex, changing world requires a distinctive approach. This is where our unrivalled network, internal expertise and flexible investment mandate give us an edge to outperform.
Together, they enable us to source and underwrite high-quality, often hard-to-access investments, and implement them in a capital efficient way, across a range of asset classes, strategies and geographies.
We combine our expertise in bottom-up investment selection across three key investment pillars, while maintaining an equal focus on top-down risk management and portfolio construction. This approach maximizes returns while helping to mitigate the risk of undue capital loss, allowing us to deliver more consistent returns throughout economic cycles.
Our permanent capital base is a structural advantage. It enables us to hold high-conviction investments across public and private markets through short-term volatility – and to realise them at the most opportune time.
A well-balanced, unique portfolio
Each of our investments is meticulously chosen, structured and monitored to create a unique, high-conviction, balanced portfolio. Where every position matters but none has a disproportionate impact on returns. And where returns compound over time.
Investing across
three key pillars
Our global portfolio is diversified across three primary pillars, always with a long-term view and focus on risk management.
30-60% NAV
long-term allocation range
Diversified, global high-conviction strategies held directly through stocks, as well as public equity funds.
20-40% NAV
long-term allocation range
High-quality assets in private markets, held through both direct investments and specialist managers.
20-40% NAV
long-term allocation range
A mix of strategies which aim to generate consistent returns in different market conditions, with a lower correlation to equity markets across the cycle.
Our diversified portfolio by
Asset Allocation (% of NAV)
Geographical Exposure (% of NAV)
Totals may not sum to precisely 100% due to rounding.
Process is paramount
We invest significant time into portfolio construction and risk management as we believe the combination of top-down portfolio decisions and bottom-up investment decisions will ultimately lead to outperformance.
We analyse each opportunity and how it behaves before committing capital – and continuously throughout the life of each investment. We look at the holding individually as well as in relation to our other holdings and the broader market, including macroeconomic and geopolitical trends. This is how we determine its expected contribution to our overall portfolio and appropriately size and manage our positions.
Our holdings are monitored through many different lenses to gauge how risk is percolating in the portfolio, so that we can strike the right balance of investments to achieve healthy long-term, risk-adjusted returns.
Case studies
Our portfolio in action
Our case study series offers a window into some of the opportunities we have invested in – both existing and realised.
