Our approach to sourcing investments is grounded in development economics. We start by asking where each country’s economy is most likely to grow, then look for the companies already positioned to lead that growth. Four principles guide the process.
Start with the data. We use Harvard’s Atlas of Economic Complexity to map what each country produces and which related industries it is best placed to move into. This points us toward sectors with real room to grow and gives our sourcing a consistent, data-driven starting point.
Verify on the ground. Desk analysis is only a first pass. Economies in the region change quickly, so we test our findings through in-country work, following political developments, economic policy, and social trends. That local view lets us tailor each investment to the conditions a company actually faces, and build a portfolio that can hold up through them.
Look for positive deviants. We focus on positive deviants: firms that have succeeded in difficult environments but have not yet reached their full potential. Our capital and operational support are aimed at helping them get there. When they do, they also show other companies in their sector what is possible.
Invest where others hesitate. Complex markets carry real risk, and many investors stay away. We target companies that have already shown resilience and innovation within that complexity, which lets us take measured risks where competition for deals is limited.
Together, these principles combine economic analysis, local knowledge, and close attention to individual companies. The goal is investments that deliver strong financial returns and contribute to growth across the region.