We primarily invest in two types of business:
brands, distribution or network businesses
Some companies in this bucket derive their edge from the branding and distribution of consumer, agricultural or financial products, like brands and banks. Others build one-sided or two-sided networks like exchanges, marketplaces and classifieds.
Specialised B2B and IP businesses
Some of these companies derive their edge from IP, like pharmaceutical or software products. Examples include complex API manufacturers and Saas companies. Others typically solve a crucial but small component of their clients’ business, making them well entrenched with customers. These include IT service, niche engineering and contract research firms.