Perspectives
Selected perspectives on ownership, durable businesses, founder transitions and the operating realities that matter in practice.
Conversations
Audio conversations that explore ownership, founder transitions, durable businesses and the operating realities that matter after a transaction.
Written perspectives
Ownership · 6 min read
What founders should expect from a thoughtful buyer
The real test of a buyer is not how they behave at signing. It is how they are likely to behave once the deal is done.
February 2025
Durability · 7 min read
What makes a service business durable
The real question is whether the service model is embedded enough to be difficult to displace, and disciplined enough to keep working as the business scales.
January 2025
Operating leadership · 5 min read
Where AI adds real value
We use AI extensively in fund management and see clear practical value in the right applications. The real question is not whether it matters, but where it genuinely improves judgement, execution and capacity.
April 2025
Operating leadership · 5 min read
Why operating leadership matters in fragmented sectors
In fragmented service sectors, value is rarely created by consolidation alone. It is created by what happens after acquisition, and by how well the business is led through the complexity that follows.
December 2024