Select Mid Cap Growth
Long Duration, High Earnings Growth
since
2017
Long duration,
high growth
Target free cash flow growth
above 12%
Concentrated portfolio of
18-25 holdings
Profile —
Philosophy —
Process —
— Founded in 2017
— Consistent application of our pure investment style and process
— Product extension of Peregrine Large Cap Growth style
— Seasoned investment team
— Client-focused firm
Translating high portfolio free cash flow growth into client returns
Over the long term, earnings growth is the primary driver of total shareholder returns. We manage your portfolio as a single diversified growth company producing an underlying portfolio free cash flow growth rate of at least 12% and translating that into strong secular absolute and relative returns.
Long duration, high growth businesses create significant value over time, extending and expanding their competitive advantage periods.
— Continual adjustment of long-term expectations is at the center of our variant view.
— Forward-looking process not dependent on screens.
— Pursue sustainable long-term top-line drivers through innovation, recurring revenue streams, and large addressable markets.
— Look for high probability of ongoing origination of new competitive moats.
— Focus on corporate management teams willing and able to invest beyond five years.