SELECTED INVESTMENT WRITE-UPS

We view our investments as long term partnerships. Exceptional underlying assets required.

GROUPON (exited)

Hybrid Discount Retail

Groupon was on the vanguard of retail in 2011. With only baby steps made since, it's ready to run again.

STITCH FIX (exited)

Internet Retail

Data advantaged, women's focused online only retailer with superior economics and a plethora of adjacent and geographic expansion opportunities

BOX

Document Management

Exceptional capabilities, with inflecting sales and marketing efficiency

CHIPOTLE (exited)

Restaurant

Temporarily depressed store traffic. High ROIC stores will shine as company pulls multiple levers to create value.