Direct investments/operating assets
Our goal is to develop good businesses into great ones. Our aim is that the businesses we invest in become leaders in their fields. As an investment partner, we combine global reach and local networks to realize the potential of a variety of assets in growing markets with supportive long-term macro trends.
We are active owners and take a hands-on approach to working with the companies and assets we invest in to support them in expansion, operational improvements and the optimization of their overall governance structure. In addition, our deep sector and industry expertise enables us to implement a variety of more bespoke value creation initiatives aimed at generating sustainable value over time.
In private equity we focus on
- Platform investments and their growth potential
We believe platform investments in fragmented sectors capitalizing on macro-trends of growth are a winning strategy to continue generating attractive returns.
- Seeking out growth linked to technology advantages
We focus on growth trends in technology-related products and services, and especially on companies that have developed proprietary technology that provides a competitive advantage as well as downside protection.
- Focusing on niche leaders
We identify niche leaders that are able to grow solidly in sub-segments of certain markets, even against an uncertain macroeconomic backdrop, due to their tailored, differentiated products.
In private real estate we focus on
- Buying below replacement cost
We target assets with low valuations located in rebounding markets that can be repositioned and then leased-up by under-cutting market rents. These opportunities typically arise as a result of ineffective management, inadequate leasing or physical deficiencies – all issues that we can address.
- "Buy, fix, sell"
This approach typically targets older buildings in great locations that are in need of owner-oriented asset management initiatives including capital expenditure, repositioning, lease-up and the implementation of building efficiencies to capture rental and pricing differentials.
- Develop core
The rapid transformations taking place in many major cities across the globe offer plentiful opportunities to execute a "develop core" strategy. We focus on building ground-up assets that meet end-user demand and appeal to core investors.
In private infrastructure we focus on
- Seeking assets with value enhancement potential
We focus on investment opportunities that offer us the potential to enhance operational value through cost/efficiency improvements. One key source of investment opportunities with value enhancement potential is the ongoing trend for corporate owners of infrastructure to sell assets as part of restructuring processes.
- Building out market-leading infrastructure platforms
We seek investment opportunities where we can construct or expand an infrastructure business by pursuing add-on opportunities which are not only accretive on a stand-alone basis but which also enhance the value of the entire infrastructure platform.
- Looking for transformative growth
We seek out opportunities where strong long-term fundamentals in a particular market support the demand for building a select type of infrastructure.
In private debt we focus on
- Attractive niches
Attractive niches tend to include specialized companies operating in sectors the capital markets are not familiar with, for example because of lack of research coverage. Through our Industry Value Creation teams, we take the time to understand business models and industry drivers, and are thus able to capture attractive pricing.
- Creative structures
Companies may need flexible financing structures which are not underwritten by banks but arranged by a single institutional lender or on a club deal basis. We often focus on transactions in the middle market where we can play a leading role in structuring tailor-made financings to support companies and their specific business needs.
- Add-on financings
Financing add-on acquisitions of existing portfolio companies is a compelling way to leverage on existing, trusted relationships. The existing relationship between company management and lender facilitates a fast and tailored debt solution given our insight into the business, its defensiveness and its drivers.
If you are an entrepreneur or a manager and your company or asset is looking for a private markets financing solution and you are interested in learning more about what we offer, please contact us: