FAX Capital Belco Flagship Fund
Investment Philosophy
Fund Highlights
High-quality North American SME
Public target size < $10B
Private target size < $1B
Public and private cross-over
Concentrated portfolio
Disciplined and proven process
Constructive Active Ownership
Long-term approach
Fund Objective
Focus
Small cap public & private companies
Significant minority and/or control positions
Capital structure agnostic
Approach
Disciplined
Long-term
Active
Concentrated
Structure
Permanent capital to maximize compounding
Efficient operating structure
Internally managed i.e. no management fees
Team
Aligned with shareholders
Proven operators
Long-term track record
Business Charateristics
Economic resilience
Ability to protect and develop its market
Competitve differentiation
Established brands
Reinvestment opportunities
Management Charateristics
Capable and honest management
Demonstrable track record
Disciplined capital allocation
Alignment
Financial Charateristics
Recurring revenue
Durable earnings growth
Balance sheet flexibility
High returns on capital
Portfolio Company Characteristics
Business Characteristics
Economic resilience
Ability to protect and develop its market
Competitive differentiation
Established brands
Reinvestment opportunities
Management Characteristics
Capable and honest management
Demonstrable track record
Disciplined capital allocation
Alignment
Financial Characteristics
Recurring revenue
Durable earnings growth
Balance sheet flexibility
High returns on capital
The Fund Advantage
Disciplined approach to quality
SME focus
Crossover strategy
Strong investment team and process
Active approach
Relative lack of competition
Long-term orientation
Operational background and track record scaling businesses
Contact Information
For more information about the FAX Capital Belco Flagship Fund please reach out to:
Email: info@faxcapital-belco.com