What we test
Structural demand
Demand supported by durable economic or social need, rather than a temporary cycle.
Will the need remain important in ten years?
Investment criteria
We do not use a scorecard to replace judgement. These qualities give our teams a common language for testing whether an opportunity can support an enduring company.
What we test
Demand supported by durable economic or social need, rather than a temporary cycle.
Will the need remain important in ten years?