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The Fund will invest primarily in technology-oriented industrial
companies that offer significant opportunities for substantial long-term
gains. The investment focus will primarily be on companies in the
metallurgical, energy, specialty chemical and environmental businesses.
Technology-oriented industrial companies are engaged in the design
and manufacture of complex technological systems used in a wide
variety of manufacturing applications. The products involve high
levels of specialty design, engineering expertise and scientific
and technological know-how that create high barriers of entry. These
companies create and maintain competitive advantages through constant
technological improvements and innovation, cost reduction and increased
efficiencies.
These companies range from producers of commodities to businesses
offering highly engineered products and technical services. Such
companies also include manufacturers of business-to-business intermediary
products that are used by other companies to produce end use goods
and services.
Companies in this area are undergoing rapid and fundamental changes
stemming from several trends, including the globalization of markets,
advances in information and industrial technologies, the need for
environmentally compliant production, and the necessity for larger
companies to dispose of non-core businesses and the need for small
and medium sized businesses to acquire scale and global reach. These
changes create opportunities for private equity investors not only
to invest with attractive initial terms, but also to enhance the
inherent value of portfolio companies through operational initiatives,
such as the implementation of global business strategies.
CRITERIA
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