
Primaries
Since 1986, we’ve sought to take the complexity out of private equity and venture capital investing
Skilled sourcing, due diligence, and manager selection drive our process
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Sourcing
Developing relationships and securing access
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Diligence
Building conviction through repeatable processes
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Selection
Committing to funds with top-quartile potential

Private Equity
Focusing on North American and Western European buyout funds of all sizes, we invest in growth and value strategies across sectors and market cycles.
Mid-and upper-mid market North American buyout investments can provide exposure to perhaps the deepest and most developed private equity market in the world.
It’s more than just access. Building a portfolio of top-performing managers requires the experience and expertise to recognize differentiation in a crowded market.
Across Pan-European, regional- and sector-specific funds, we aim to partner with Western European managers who have a clear and unique view of their markets.
European managers use the same value-creation strategies as their U.S. peers, but can also benefit from:
- Regional consolidation, and/or internationalization
- The flexibility to transact across cultures, distribution networks, and regulatory environments
Less efficient deal environments can create the opportunity for outsized returns. Smaller – often less institutionalized – businesses can thrive when working with professional and disciplined private equity managers.
Our relationships help us source newer, often smaller, managers with a demonstrated ability to grow successful businesses.

Venture Capital & Growth Equity
The venture and growth equity markets are a complex set of ecosystems where experience and relationships matter.
VC and GE investments can provide early exposure to transformative innovations, including novel technologies, life-changing drugs, diagnostics and medical devices, or the commercialization of break-out ideas.
Venture Capital includes seed, early and pre-IPO stage investments. We invest across the venture lifecycle where our deep experience and pattern recognition help us navigate these volatile markets.
Growth Equity managers tend to take minority positions in more mature companies with sustained revenue growth and some level of profitability.
We look to support managers who use their sector or geographic expertise to help companies thrive, rather than just ride momentum.

Emerging Managers
Emerging managers are the future of private equity and venture capital.
Every year, we meet with spinouts, restarts, and new teams of experienced investors. We have insight into many of these managers due to the depth of our platform and our relationships across the industry.
We want to develop relationships with the market leaders of tomorrow. We look for emerging managers who have credible investing experience but need to develop their investor base.