Investment Thinking.
Perspectives on private markets, capital allocation, and the Southeast economy — written for investors and business owners who want substance over noise.
The Case for Permanent Capital in Middle-Market PE
Why the traditional 10-year fund structure systematically destroys value at the portfolio company level — and what the alternative looks like in practice.
Charlotte Industrial: The Case for Long-Term Ownership
Why we believe Charlotte-area industrial real estate represents one of the most durable long-term investment opportunities in the Southeast — and how we are positioning the portfolio.
Senior Secured Lending in 2024: What Has Changed and What Has Not
A framework for thinking about credit risk in today's interest rate environment — and why our approach to underwriting has not changed despite the market transformation.
What Family Business Owners Get Wrong About PE Buyers
Most family business owners evaluate PE buyers on valuation. Here is what they should be evaluating instead — and why it matters more for the outcome than the purchase price.
The Corporate Carve-Out Opportunity in 2024
Why large corporations are divesting non-core assets at an accelerating pace, why most PE firms are structurally poorly positioned to buy them, and why we are not.
Southeast Real Estate: Five Markets We Are Watching
A capital allocation update on the five Southeast markets — Charlotte, Raleigh, Atlanta, Nashville, and Richmond — where we see the most durable investment opportunities through 2027.