Strategy
Industry Overview
Sustainable growth in any modern economy is dependent upon the ability to deliver reliable, cost competitive and environmentally sustainable energy. The absence of any global policy framework has not deterred an investment shift towards low carbon energy to meet growing demand. Most of this demand is coming from developing countries (mainly APAC) where economies are growing rapidly. With such changes in the energy and power landscape, it is inevitable that innovative ideas and technologies will emerge offering numerous opportunities for investment.
We take a view that there is no single solution which will resolve all energy challenges. Rather, the interaction of different enabling technologies could result in an outcome far greater than the sum of the individual components would suggest. All energy sources have a role and we need to draw on every practical source possible. We assume that fossil fuels will continue to be the major component of the primary energy mix. This leads to emphasis on those technologies that result in a step change increase in efficiency of use of fossil fuels in a manner which does not compromise on economic competitiveness.
While the energy debate is dominated by carbon emissions, of equal concern are emissions such as particulates and nitrous oxides emanating from transportation. Legislation in OECD countries is leading to automotive OEMs taking early action in adopting the relevant compliance measures. Such challenges can be effectively addressed through innovation.
Investment Strategy
Our investment strategy is based on a focused perspective and experience designed to create value and generate superior returns by operating as a collaborative partner with our portfolio companies, co-investors and other stakeholders. We apply industry best practices and leverage our strong presence in Europe and China to source and create sustainable businesses.
We are long-term investors. We maintain a relatively small and stable investor base almost all of whom have been with us since inception. This gives us the confidence and flexibility to better align the interests of all constituents, through working closely with our portfolio companies and Limited Partners on investments and strategic initiatives. Such intimacy we find leads to better information sharing and judgment with fewer surprises over the lifetime of the investments.
We seek to work with entrepreneurs with ambitious ideas and we aim to help them bring those ideas with significant upside potential to fruition. Such ideas and innovative new technologies as well as new business models which for example, result in shared rewards between suppliers and end-user customers.