The network.
A closed circle of families and principals who invest alongside the office in the transactions it leads directly.
It exists because the office reached a size where it could underwrite transactions larger than it wished to hold alone, and preferred to bring in families it knew rather than syndicate to strangers.
How it works.
Every transaction circulated is one the office has already committed to with its own capital. Members invest at the same price, at the same time, in the same instrument, and hold their positions in their own names through their own institutions.
Each transaction is presented on its own and decided on separately. There is no fund and no standing commitment.
What members receive.
For each transaction: what it is and what the office paid for it. The examination behind it, including what was negotiated and what remains unresolved. The case for how it could fail and what would be recovered. The terms available, which are the terms the office took.
The office writes when it has led a transaction and not otherwise.
How the office is paid.
The office receives a share of the gain on capital invested alongside it, paid after that capital has been returned. The share appears in the documents for each transaction before anyone commits, and is the same for every member.
The office takes no fee for an introduction and receives no payment from any party raising capital.
Admission.
Membership follows an introduction from a member and a conversation with the office. There is no application and no subscription.
Nothing on this page is an offer, invitation, solicitation or recommendation. Participation is restricted to persons qualifying under the rules of their jurisdiction, and each member participates as principal, on their own account and their own assessment.