The Fund’s investment philosophy is to acquire privately held businesses or divisions of larger entities, which can achieve industry leadership with the help of the Fund's investment team, network of advisors and affiliates, and synergies with other Fund portfolio companies.

The Managing Directors believe that significant opportunities for acquisitions that meet the Fund's philosophy and investment criteria exist because of the rapid and fundamental changes taking place in global industrial industries. Such changes stem from the globalization of markets, rearrangements in value chains, advances in information and industrial technologies, the need for low cost and environmentally-compliant production, new approaches for determining optimal processing site locations and the necessity for large companies to dispose of non-core assets to improve shareholder value.

In order to pursue only favorably priced acquisition opportunities, the Fund engages only in friendly transactions, preferably negotiated on an exclusive basis. The Fund’s philosophy of investing in businesses positioned to be industry leaders lays the groundwork for the creation of realizable value to the investors through multiple exit strategies.