We are permanently monitoring technological breakthroughs, consumer behavior trends and regulatory changes in order to pick promising investment themes at an early stage.
The themes that are selected must be disruptive by nature in order to offer high growth rates over secular investment horizons.
In collaboration with our network of contacts (private equity investors, start-ups, industry experts), we then perform a top-down fundamental analysis to determine the maturity level and hence the growth potential of the themes under consideration.
A segmentation into sub-themes is also realized, each sub-theme being assessed and then further segmented into very specific pockets in order to have a high allocation granularity.
This step is key in our initial top-down process because it will be used to monitor the themes’ evolutions in order to optimally position our portfolios over the themes’ different life-cycle phases.