Governance and risk management
How decisions are made
Investment Committee authority
Every new investment, and every material follow-on commitment, is reviewed and approved by our Investment Committee under defined authority levels. No single individual can commit the firm's capital.
Independent verification
Transactions are supported by independent legal, tax, audit, and technical advisors. We do not rely solely on information provided by a counterparty — material assumptions are verified before capital is committed.
Ongoing portfolio oversight
Governance does not end at closing. Each investment is monitored against its underwriting case through regular reporting, board participation where appropriate, and structured periodic reviews.
Conflicts and integrity
Potential conflicts of interest are identified, disclosed, and managed under a formal policy, and we conduct our activities in accordance with applicable laws — including know-your-counterparty and anti-money-laundering standards.
How we manage risk
Downside first
We underwrite what can go wrong before we model what can go right. Conservative assumptions, stress-tested cash flows, and a margin of safety at entry are conditions of every investment.
Diversification with discipline
Capital is deployed across five sectors and multiple asset types, with attention to concentration — no single investment, sector, or counterparty should be able to impair the firm.
Structural protection
Where appropriate, we use structure — security, preference, covenants, and governance rights — to protect principal while keeping incentives aligned with our partners.
Legal and jurisdictional care
We invest where the rule of law, title, and enforceability can be underwritten with confidence, and we decline opportunities — however attractive — that do not meet that standard.