Our vision is to create a small, high-calibre team focused on owning a concentrated portfolio of the highest quality companies over the very long-term. A truly long-term capital base is imperative to the mission. Kalakau Avenue has a limited number of capital partners that engage in two-way thought partnership to achieve the mission. We do not actively market — our focus is on building an exceptional investment process, team, and portfolio and not on building a “business”. As portfolio manager, I invest the majority of my investable assets in the strategy and view the strategy as the best place to compound my own capital over the long-term.
Success for Kalakau Avenue will be achieving our mission. Exceptional risk-adjusted returns over the long-term will clearly be required but this is not something we can directly control. To achieve investment excellence, we must focus on what we can control, the constant improvement of all the things that help improve decision-making — philosophy, process, people, and culture. To succeed we must be perpetual students; a healthy individual and organisational learning culture is critical to achieving investment excellence and in making Kalakau Avenue a great place to work. We want to accomplish this while being great stewards of capital and great long-term partners. We undertake to always put our clients first, to act according to our word, to be transparent and honest with our partners, and to avoid making money in companies that we see as bad for the world.