What we do
We invest long-term capital across assets classes and geographies with special focus on public and private equity as well as real estate. We are flexible in terms of sizes and structures, but we want each investment to be able to drive substantial and sustainable value. Our investment philosophy consists of four pillars that define how we operate and make decisions.
We define ourselves as a responsible investor. For us this means doing our homework on valuation, business model, management and ESG related issues. We focus on establishing strong and constructive relationships with founders, boards and managers with the ambition to build partnerships that lasts across market cycles. We view shareholders as company owners, and we typically plan to hold our investments for a long period of time.
Having permanent capital is a clear competitive advantage as it provide us with the benefit of time and superior flexibility. Time allows us to focus our work on identifying long term investment opportunities. Time also mean that we can look beyond short-term issues and deploy our capital including reinvestments when the payoff period is longer. Flexibility means that our investment opportunity set is almost unlimited. Finally, the stability of our capital also helps us to secure allocations in the most sought-after investments.
Long-term value creation
Our objective at Jofam is sustainable value creation. We use a fundamental, bottom-up research approach to identify businesses with a strong value proposition, unrecognized growth or margin expansion potential, great and highly incentivized management teams at an attractive valuation. We are an active and engaged owner and like to share our knowledge within business strategy, M&A, investor relations and governance, in order to help entrepreneurs and management teams build great businesses. We emphasis on alignment of interest and prefer those who are willing to put their own capital at risk.
Public and private companies
We believe that owning equity is the best way to meet our return objective. The absolute majority of our capital is therefore invested in public and private companies. In the public market, we focus on the Nordic region, rest of Europe and in the USA, where we take minority positions in companies across all market caps. In the private market, we invest in pre-IPO situations where we can act a cornerstone investor but are equally happy to take positions in companies that intend to stay private. We also invest a minority of our capital in areas where returns are less dependent on the broader equity market, such as property and corporate credit.
We love what we do, and understand the long-term value of great partnerships