Transformational investing

We transform companies. Our transformational investing approach seeks to generate strong returns by capitalizing on thematic growth trends and transforming attractive businesses into market leaders.

Thematic investing

Thematic investing is our proprietary and systematic approach to identifying the most attractive transformational investment opportunities for our clients. Our approach begins with three overriding investment giga themes that lead to many significant transformative trends and, ultimately, to hundreds of material sector themes that drive change at the company and asset level.

Three giga themes guide our thematic investing

Although three investment giga themes guide our approach, we focus on the cascade of significant transformative trends that fall under these themes. We look beyond the top layer to identify companies operating in less obvious underlying sub-sectors that are also benefiting from transformative trends. This second- and third-order thinking provides us with exposure to growth trends at a much lower risk profile.

We apply our thematic investing approach across all our industry verticals: Goods & Products, Health & Life, Services, Technology, Real Estate, and Infrastructure.

Relative value approach

Changing market conditions, as well as transformative and regional trends, can significantly affect the attractiveness of different sectors and industries. We therefore look to optimize returns by dynamically responding to market dislocations.

We conduct regular analysis to identify and further define those sectors, regions, and industry strategies likely to offer higher value relative to other segments at that time. While our relative value approach offers the potential to identify the most attractive returns from a top-down perspective, it requires a comprehensive array of skills and can only be successfully implemented from the bottom-up by a large, globally integrated team with a broad industry network, strong investment flow and experience across economic cycles.

Value creation

Our key target is to realize the full development potential of the companies and assets in which we invest on behalf of our clients. Active value creation is a core element of this aim.

Operational value creation initiatives vary, but typically focus on achieving certain strategic objectives such as expansion through an organic or acquisition-based growth strategy, improving operational effectiveness through a number of focused operational projects, or through capital management.

All strategic initiatives are guided by our high ESG (environmental, social and governance) standards and aim to create lasting, positive impact for all of our stakeholders.

Portfolio management

Our Portfolio Solutions & Risk Management teams are responsible for constructing and adjusting our diversified private markets portfolios over time so that they meet investors' portfolio requirements and deliver sustainable performance across economic cycles.

• Portfolio strategy: we build private markets portfolios tailored to the specific target returns of our clients by combining complementary private markets investment strategies.
• Portfolio implementation: we gradually ramp-up and re-invest our clients' portfolios based on a predefined implementation plan devised in accordance with their investment horizons.
• Portfolio servicing: we offer our clients a full range of market-leading portfolio services including portfolio planning, treasury management, customized reporting, regular valuation procedures, accounting that accommodates local requirements, and complete administrative services.
• Liquidity management: we have been managing liquidity in private markets portfolios across various structures (limited partnerships, separate accounts as well as semi-liquid and open-ended funds) for over two decades.
• Risk management: we apply rigorous quantitative and qualitative risk management processes, which have contributed to a strong track record and client satisfaction.

Bespoke client solutions

Cozy Boom is a leading provider of bespoke private markets solutions.We provide tailored access to private markets and seek to enhance returns through our leading portfolio management and structuring capabilities. This enables us to go beyond traditional LP structures and offer clients access to our transformational investments via a range of customized solutions, including many with liquidity features.