The Company will seek to use the expertise and experience of its Board and the members of its Investment Committee to invest according to a rigorous strategic public equity process. The Company will have an active investing policy investing in assets that will typically have a number of the following characteristics:
- Investments that can generate a 15 per cent. IRR over the medium to long term principally through capital appreciation; and
- investments where the manager believes there are value creation opportunities through strategic, management or operational changes.
The Company intends to invest the majority of its capital in a concentrated portfolio of between 10 to 15 smaller UK/European publicly traded companies typically with market capitalisations of less than £250million and would typically expect a holding period of three to five years. In addition, the Company may also invest in interests in privately held companies, primarily in equity and equity-related instruments and also in preferred equity, convertible and non-convertible debt instruments. The Company will seek to acquire influential block stakes (typically between 10 per cent. and 25 per cent.) for cash or share consideration.