We only buy stocks if we see something material that is underappreciated by the investment community. It may be a new product, scalability of a solution or M&A synergies.
We actively seek diverse opinions, speaking not only to our portfolio companies’ representatives, but also to their suppliers, customers and competitors. We oftentimes use alternative data as well.
We invest mostly in European midcaps. In our opinion, this is a market rich in mispricings and investment opportunities.
We run a concentrated portfolio with large exposure to the equity market, which may imply a significant volatility of our investment returns.