Market Thesis Archive.

Our insights represent our commitment to operational excellence. We analyze market trends to identify opportunities for strategic turnarounds and modernization, providing our partners with a fundamental perspective on capital deployment in the mid-market space.

Investor Correspondence.

Q4 2025 Letter

The Case for Turnarounds in Volatile Markets

Analyzing why distressed asset modernization offers superior resilience during periods of economic uncertainty.

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2025 Annual Review

Modernizing Family-Owned Enterprises

A deep dive into the operational frameworks we use to professionalize and scale multi-generational businesses.

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Market Insight

Registry Infrastructure as a Beta-Neutral Alpha Source

Thesis on why financial services infrastructure remains the most resilient asset class in current macro cycles.

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Strategic Research.

Industrial | Aug 2025

Automation Frameworks in Legacy Logistics

Macro | June 2025

Capital Reallocation in the Post-ZIRP Era

Tech | April 2025

The SaaS Valuation reset: A Case for Fundamental Hygiene

Risk | Feb 2025

Fiduciary Stewardship in Volatile Equity Markets