Senior secured debt fund financing Spanish mid-size property developments,achieving a 10% net IRR with an average LTV of 50% and a 0.17% annualized volatility.
In line with our capital allocation philosophy, we invest heavily in serial acquirers; companies that acquire smaller companies and use the cash flow produced by each acquisition to buy even more companies. We believe their business model is designed brilliantly to continuously compound capital at high rates of return. Additionally, we also build positions in exceptionally well runned companies that are positioned to reap some of the profits created by the everlasting growth and value creation of technology.