Principal holdings
Acquiring and holding stakes in profitable, understandable operating companies — for the long term.
“We buy businesses we would be content to own for twenty years, and then we try to.”
What’s included
- Acquisition of controlling or meaningful minority stakes in established, cash-generative companies.
- Flexible deal architecture: clean outright purchase, founder rollover and earn-outs, or structured equity.
- Succession and buy-out solutions for owner-managers who want continuity for staff and customers.
- Carve-outs and corporate divestitures where a patient owner can unlock long-term value.
Why it matters
Permanent capital and no fund-life deadline let us pay a fair price, back the existing team, and let the business compound — rather than engineering a quick return at the business’s expense.
When to engage
When an owner is thinking about succession, a corporate parent wants a reliable home for a subsidiary, or a business needs a long-horizon partner rather than a flip.