investment approach

We are private patient investors managing proprietary capital across the Emerging Markets and other high yield sovereign, quasi-sovereign and distressed debt opportunities globally. The permanent nature of our capital base provides us with the distinct advantage of being able to invest patiently over various macroeconomic cycles with a long-term perspective and ride out volatility yet with the flexibility to respond nimbly to short-term trends and market dislocations when they arise. We opportunistically seek value from market imperfections and undervaluations, not by extracting usury rates from debtors. When a restructuring is necessary we favour a negotiated approach where creditors contribute to improve the creditworthiness and market access ability of the debtor, always seeking the middle way to balance the interests of debtor and creditor.