Approach
Identify off-the-run ideas spanning small to midcap companies that are consistently overlooked by market participants
Structure investment positions utilizing a disciplined approach with in-depth market diligence
Construct an unlevered portfolio that opportunistically invests across the capital structure to produce an idiosyncratic return profile with low relative volatility
Create value after inception of investment through active involvement on steering committees and boards
Protect capital through the strategic use of hedges, discounted purchases and cash as a "safe harbor"
Realize investments via multiple exits including process-driven events and a programmatic reduction of risk as our investment thesis reaches maturation