Protecting
the drawdown.
Illinois-based private investment firm specializing in asymmetric risk and deep fundamental alignment.
* Strictly closed to new capital
SURVIVAL FIRST
"Guided by a 50-year horizon. We prioritize the radical avoidance of permanent capital loss over temporary outperformance."
HARD ASSETS
"High-conviction exposure to durable businesses and land, insulated from speculative housing leverage and market noise."
DIRECT ALIGNMENT
"The General Partner maintains the majority of personal net worth within the fund. We eat our own cooking, forever."
The Archive
Institutional Memory & Reporting Logic
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