Since we are not a fund, we do not face pressures to sell our companies within a short time period. This allows our companies to take a long-term approach to building their businesses.
We believe excessive leverage endangers the sustainability of even the best businesses and will not risk the health of a business simply to generate a few extra points of return.
Our subsidiaries function as entrepreneurial quasi-autonomous enterprises, maintaining their nimble decision making and unique operating principles and cultures.
We actively seek to invest in “platform companies,” defined as businesses where we have the opportunity to fund high return projects or accretive add-on acquisitions. As a long term holder, we view down cycles as an opportunity to invest. Sellers that retain equity have the opportunity to benefit from accelerated growth.
Our subsidiaries have the ability to leverage the banking, insurance, legal, compliance, M&A, and tax support of a NYSE listed company, as well as a large network of CEOs and senior managers in a wide variety of global businesses.