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Culture |
We invest in
companies we feel have the potential to be truly
great enterprises that operate on a world-class level
in every respect. Indeed, we only invest if we'd like
to own the company indefinitely, as we earn returns
for our investors through operational improvements
and prudent growth--not financial engineering.
Accordingly, we invest with the aim of owning our
investments for 7-10 years versus the typical holding
period of 2-5 years for traditional private equity
funds. We believe that building industry leaders with
sustainable competitive advantages takes time and
patience--but in the end delivers superior long-term
returns. This means that we will be thorough in our
due diligence process, though our experience also
allows us to be expeditious.
In line with our long-term focus, we insist that all
our stakeholders--as we do of ourselves--abide by our
Golden Rule of business (and of life
generally):
Treat others as you would like to be
treated.
For customers, this means that they
will be treated honorably and with a single-minded
focus on exceeding their expectations for service and
quality.
For employees, this means that their
career aspirations and expected rewards can extend as
far as their talent and hard work will take them,
without having to sacrifice their dignity and lives
outside of work.
For management team partners, this
means that we will give both the freedom and the
support and coaching they need to build truly great,
world-class companies.
For co-investors, this means resting
assured that we will tend to the long-term value of
their investment as we do our own, as our interests
are structurally aligned.
For capital suppliers and vendors,
this means we will act honorably to forge long-term,
collaborative relationships that are mutually
beneficial for our respective stakeholders.
For communities in which we operate,
this means we will be exemplary corporate citizens,
always taking great care to produce quality products
and services in a responsible manner. |
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