We like to own all or a portion of exceptional businesses that are a testament to their founders' character, hard work, and market success. We often fit best with managers, owners, and founders who think long-term and highly value operational autonomy, lack of bureaucracy, our permanent capital structure, and stable, reasonable, and decisive governance. They are often honest, humble, curious, hard-working, ambitious, frugal, and conservative. We believe our role is to find and then support exceptional businesses and exceptional people with the atmosphere and environment most likely to unlock their ability to create value over the long-term. This approach often focuses on "what not to do" as much as it does on "what to do." If you own an exceptional business you're interested in selling a portion of - or for which you need additional capital - we'd love to hear from you.