Solomar is the investment vehicle of our family office. Our investment portfolio started in 1974 from the proceeds of a minority sale of Hunter Douglas, our family business, which was founded in Europe in 1919. In 2022 we sold a majority interest to 3G Capital, substantially increasing the size of our portfolio. We only invest our own capital ensuring confidentiality and quick decision making. We are offshore investors with a long-term horizon.
We believe in delegated management, with minimum interference and maximum accountability, just as we did in our family business. Alignment of interest by investing alongside our managers' own net worth. We invest globally in great people using a bottom-up approach limiting our own macro views.
We do not leverage at the portfolio level since most of our managers do this extensively already.
Our primary risk control is diversification by style, sector, geography, and investment size. Each investment will be limited to a small portion of our total portfolio with no sector representing more than 30%.
We are capital creation and not preservation investors. We invest globally with managers with long term sustainable double digit annualized returns while using appropriate leverage. We invest in offshore Hedge Funds, Long only Funds, as well as in limited Private Funds. Our largest allocations are in Healthcare, Technology, and Energy considering the transformational opportunities these represent.
The vast majority of our investments will be in Hedge Funds.
We will invest broadly expecting a long term CAGR exceeding 12%. We prefer experienced specialists with performance history and solid references.
We will invest in Founders' class preferring smaller and more nimble funds. We believe fund size often has diminishing returns over time with few exceptions.
We prefer funds with liquid terms and limited lock up periods.
Following the majority sale of Hunter Douglas, we have started to invest selectively in Private Funds. Given the longer duration, we generally limit these to Funds where the GP represents > 10% of the capital and with an expected IRR exceeding 20%.
We prefer experienced specialists where we can establish long term relationships allowing us to grow our allocation over the next 5-10 years. We will selectively participate in co-invests.
Alignment of interest between the manager(s) and all investors.
Liquidity terms matching the investment style.
Timely and open communications particularly in respect to changes in management or investment style.
Solid references; we are prepared to act as one as well.
AUM exceeding $100mln & Offshore share class.
We do not invest in Real Estate.
We do not invest in Private anything without a trusted referral.
We do not invest directly in public names ourselves.
We do not take 3rd party capital.