We invest with a long-term, fundamental, research-based approach, and intentionally operate a cross-functional investment team with agility across both public and private markets.  Our investment and research process for public equities supports and compliments our private equity investment strategies.

• We respect cycles and incorporate our view on our position in the cycle relative to our investors’ investment time horizons
• We stress objectivity and independent thought, using fundamental research to drive our investment decisions
• We do not base our investment decisions on macro forecasts

We seek to invest in high-conviction long ideas across sectors and geographies, concentrating capital on our best ideas.  Our investment process is research-driven, using fundamental analysis to develop deep sector and company-specific knowledge. 

Operating with a cross-functional public equity and private equity investment team sharpens our investment process, enhances our industry knowledge, and provides flexibility to opportunistically deploy capital.         

Within our public equities strategies:

• We want to own durable businesses with significant barriers to entry led by quality management teams. 
• We think long term, and patiently wait for the right entry price when companies that meet our quality criteria trade at attractive valuations, acting aggressively when opportunities or dislocations arise.
• Our investment process takes a deeply informed approach to equity research and portfolio construction that is not constrained by chasing current trends.
• When constructing public equities portfolios, we focus on fundamental business characteristics such as the durability of franchises and business models as well as competitive dynamics that drive long term attractive returns on invested capital.

Our private funds utilize control buyout strategies focused on controlling investments in businesses with potential for growth and operational improvement.  We aim to concentrate capital on high-quality businesses with durable business models where we believe we can add meaningful value with a long-term perspective.  Our funds focus on leveraged acquisitions, recapitalizations, and acquisitions of controlling or influential stakes of businesses in industries where we have either operating experience, a strong network of contacts within the industry, and/or research driven insights we believe will contribute to meaningful value creation.

At VVAM, our investment philosophy is guided by a set of core investing tenets that drive our long-term investment process.

• We are patient, long-term investors.
• Risk control drives our portfolio construction and monitoring process— we believe that assessing the risk/reward of individual securities should expand beyond volatility to consider price and intrinsic value and the probability of a permanent loss of capital.
• We focus on what is important and knowable.
• Our private markets investment activity sharpens our public markets investing process.
• Intrinsic value and market pricing may dislocate, the price discovery function of markets is a tool not a signal.
• We believe that making well-informed investment decisions over the long-term requires humility and continuous learning as markets and industry dynamics evolve.