Private EquitySector Focus

Our Consumer team seeks to invest in powerful brands with differentiated products or services, exceptionally strong consumer appeal, and attractive growth opportunities. We partner with management teams who strive to grow their businesses for the long term. We favor innovators – those who create advantage through marketing, data and analytics, channel strategy, product design, and technology or tech-enablement as they navigate the evolving consumer landscape. While we are interested in a broad range of segments that exhibit these characteristics, areas we are exploring include consumer technologies and e-commerce, residential- and retail-based consumer services, pet products and services, food, restaurants, and beauty and personal care.

Our Healthcare team has deep expertise investing in services businesses across the provider, payer, and pharmaceutical end-markets. Our goal is to help scale growing healthcare companies into enduring enterprises that make a difference by delivering meaningful value to key constituencies in the ecosystem and that ultimately improve the quality of patient care, lower system costs, expand access, and/or leverage advanced data and analytics. We are long-term healthcare investors committed to supporting our management team partners. We recognize the need to invest in the infrastructure to support long-term growth objectives, and we leverage our deep network of healthcare executives along with in-house industry/functional experts to support key initiatives. We have decades of experience helping entrepreneurs and management teams accelerate growth, expand into new markets, introduce new products, execute on accretive M&A, and scale profitably.

Our Services and Industrials team brings decades of sector experience as we seek to partner with growing businesses that have sustainable differentiation, attractive economic models, and low cyclicality. In industrials, we seek to invest in companies that benefit from enduring tailwinds – automation, material substitution, regulatory, ESG, and other trends – and that have the potential to outgrow their end markets, including through the innovative use of technology. Example subsectors include distribution, industrial services, industrial technology, aerospace and defense, and building products. In services, we look for companies with recurring revenue that operate in large and growing markets that are often highly fragmented and consolidating for strategic reasons. Example subsectors include commercial facility and residential services, environmental and disaster response services, and wealth management.

Our Technology & Communications investments have spanned four continents, and we have used a range of investment structures including growth equity investments, joint ventures, and majority acquisitions to support management teams and entrepreneurs. Areas of expertise include vertical software, education technology, governance, risk, and compliance software, and communications and storage ecosystems. Themes which underpin our investment activity include post-pandemic preferences, tight labor markets and inflation driving tech-enabled solutions and increased software adoption; increasing complexity of regulatory and compliance mandates leading to automation and outsourced solutions; and e-commerce driving innovation in digital compliance, supply chain logistics, payments and customer experiences.