Primary partnerships
We are opportunistic with respect to primary partnership investing, and will consider established teams, those spinning out from such a group, and emerging managers alike.
Generally we prefer to partner with managers who have a value-orientated approach to investing, who focus on operational improvements as opposed to relying on leverage to drive performance. We need to see demonstrable experience in a manager’s chosen sector or geography, and we strongly prefer those who operate away from the majority of the competition. Successful managers should convince us of their ability to earn future returns higher than those of their peers.
Above all, we need to see passion and a singular dedication to excellence at all levels of a firm’s operations.
Secondary investments
Our secondary investment programme is a direct beneficiary of the large number of deep and long-standing relationships the Keyhaven team has built with private equity managers globally, who provide us with our primary source of deal flow. The flexibility of our strategy, which allows us to invest large and small amounts into single- and multi-fund opportunities as well as into direct transactions, is the second cornerstone of our programme.
We prefer to invest away from the competitive arena occupied by most secondary players, as we believe that superior quality and better valuations can be had through sourcing by proprietary means. We pride ourselves on our team of experienced secondary practitioners, on our discretion, and on our ability to act quickly and efficiently.
Direct investments
Our direct investment programme benefits from the large number of deep and long-standing relationships the Keyhaven team has built with private equity managers globally, who provide us with our primary source of deal flow. We can co-invest alongside managers with whom we have a primary or secondary commitment, or together with those with whom we are not a fund investor.
Our strategy provides us with the flexibility to invest both large and small amounts, and for each to contribute meaningfully to Keyhaven’s overall portfolio returns. We pride ourselves on our ability to field an experienced team to evaluate such opportunities, and to complete our analysis in a timely and discrete fashion.
