Investment Strategy
White Owl will only make an investment after detailed research and analysis, appropriate structuring to mitigate risk and optimise financing, and the identification of a comfortable margin of safety between the investment price and intrinsic value. Return hurdles for investments are risk-adjusted, taking full account of the downside risk and liquidity of any investment situation as well as White Owl's ability to enhance the return in the future.
In principal investment activities, White Owl has a mindset of treating its investors' capital as if it were its own. White Owl Executives continue to be significant investors alongside the Group's clients in its transactions and investment products, deploying their personal capital on the same terms as other third-party investors. This mindset underpins White Owl's investment philosophy.
White Owl generally seeks to identify investments that it believes have some or all of the following characteristics:
- Within the White Owl areas of expertise (renewable energy, infrastructure and healthcare)
- Predictable cashflows and/or asset values
- Value can be added through more efficient financing, more active management and/or strategic repositioning
- In sectors in which White Owl has developed relationships with operating partners
- Risk can be mitigated through appropriate financial, legal, tax and accounting structures
- Significant opportunities for financial and structural optimisation
White Owl frequently invests in opportunities originated from its longstanding relationship network. White Owl's key investment criterion is that the proposed investment meets risk-adjusted return hurdles that are determined by taking into account all identified downside risks and the liquidity and potential return of the investment.
