Anti-fragile, agile, disciplined.
OUR APPROACH FOR INVESTORS
Our investing success is built on four key pillars: proactive preparation, strategic opportunism, continuous edge refinement, and meticulous execution.
This powerful framework directly translates to compelling investment returns and substantial wealth creation over time for our fund investors – securing robust capital protection, delivering significant alpha, and offering an investment portfolio with a strong risk/reward profile in their favor.
- Top-down macro and sector evaluation: We rigorously evaluate large trends like “China Plus One”, “Atmanirbhar Bharat” (self-reliant India), PLI schemes, and tariff wars. Iterating on such analysis helps us identify new investment opportunities and understand changing risk/reward dynamics for sectors and companies.
- Bottom-up analysis: We apply our in-house frameworks company by company using information from listed companies to build our circle of competence, refine our credit insights and gain knowledge of supply chains, ecosystems, and sector profit pools. We do not use sell-side research reports.
Reaching out to companies: We actively approach companies based on our research to generate relationships and leads.
Generating quality referrals: We proactively encourage referrals from our network of industry experts, advisors, and bankers.
Leveraging our niche: We seek out certain special situations that we have an edge in, like cross-border opportunities, or white knight defense.
Investing in our network: We regularly work on building our origination network and raising our profile in the right communities.
Fundamental Analysis: We conduct bottom-up research to develop a detailed understanding of business quality, capital allocation, profitability, growth runways and profit pools.
Due Diligence: We maintain robust capabilities and infrastructure for forensic evaluation, channel checks, due diligence, and market intelligence.
Cross Pollination: We leverage our team’s diverse experience in debt capital markets, private equity, and hedge fund investing to iterate and improve our investment approach.
Optimal Structuring: We negotiate and implement prudent deal structuring to mitigate risks, optimize returns, and build-in contractual safeguards for our private credit investments.
Strong Project Management: We ensure high-quality, frugal, and timely execution of due diligence and origination process steps.
Business Involvement: We actively engage with investee companies, monitoring health and governance, facilitating value creation, and anticipating evolving risks.
Portfolio Construction: We seek diversifying investments that balance business-specific idiosyncratic risk factors at a portfolio level.
Hedging: We promptly hedge systemic risks like FX rates at the portfolio level.