What it means
We are comfortable holding cash, or nothing at all, while we wait for the right opportunity.
Short-term price moves are information, not instructions.
Patient
We stay flexible across asset classes and structures, and we take a long-term view.
Flexibility lets us go where the opportunity is. Patience lets us hold it long enough for the thesis to play out.
In practice
We choose the structure and holding period that fit the opportunity, rather than forcing the opportunity into a fixed model.
Let's talk.
We welcome conversations with founders, investors, operators, and counterparties working on interesting opportunities.