Three principles, written so investors can hold us to them. Below: how we apply each in practice — and what we won't do.
Every mandate passes the same three filters before LP capital is committed. The deep-dive below shows how each is applied — and where market practice falls short.

Six to nine new mandates a year, not sixty. Every line earns first-name conviction and three rounds of diligence — never a checkbox memo.

Where structure permits, single-asset SPVs and direct co-investments. LPs see the underlying line, not a blind pool.

Open mandates are never published. Closed ones become case studies only with the principals' agreement. The website is information, not solicitation.
We default to single-asset Luxembourg SCSp or Cayman ELP vehicles when the underlying deal is concentrated enough to deserve a dedicated wrapper. LPs receive a per-vehicle term sheet, a clean cap table, and quarterly NAV — not a fund prospectus that paragraph 47 mentions the asset they're invested in.
Each lane is sourced through long-standing relationships and vetted alongside operators we have followed for cycles.