Investment Criteria

• Quality Assets /Competitive Advantage /High Value

• Network /System Strength /Multiplier Profile

• Revenue /Recurring Base /Resilience

• Margin /High Operating

• Inflation Protection /Re-Price /Pass-Through

• Cost Structure /Fixed /Variable /Light

• Client Base /Wide /Narrow

• Financials /Balance Sheet Strength

Creating Value

/ Uncorrelated Strategies

/ Capital Allocation

/ Asset Rotation