Through many years of investing together, we have developed a shared investment philosophy that is built upon one important concept: active partnership with strong management teams.

We work with our management teams to develop a shared vision, shared goals and shared objectives for their businesses, and we provide board-level support to help them achieve these objectives. Our expertise encompasses areas such as providing capital structure advice, assisting with sourcing and executing add-on acquisitions, offering strategic insight based on our Operating Partners' extensive industry experience, and facilitating access to Diamond Castle's broad network of corporate and financial relationships to help drive growth and enhance business performance. Importantly, although our Operating Partners have been CEOs and COOs, they do not run our portfolio companies - we rely on outstanding management teams to operate their businesses. Our experience also allows us to tap into our network of former portfolio company executives in order to augment, when appropriate, the management teams of our new portfolio companies.

We believe strongly in the direct financial alignment of interests among our management teams, our investment partners and ourselves. Our management teams invest significant amounts of their own personal capital in their businesses, and we provide them with long-term incentive compensation plans so that they share with us the risks and rewards of equity ownership.

We believe that management should be able to focus on operating their businesses and driving performance without the overbearing distraction of excessive financial leverage. We capitalize our companies with prudent amounts of debt and sufficient equity capital to support growth and provide the flexibility to withstand economic downturns.

We are long-term, patient investors and make multi-year commitments to our businesses. We encourage our companies to invest in capital assets, research and development, and complementary business acquisitions, and often provide our companies with follow-on capital to drive growth and expansion. We focus more on investing in our businesses to position them for long-term value creation than on managing near-term earnings and cash flow. Our management teams are not burdened by public company quarterly earnings targets and are encouraged to make longer term investments consistent with our shared strategy.

Above all, our actions are guided by the highest standards of integrity and ethics.

We believe that this approach to investing - through active partnership with management - is the key to building successful businesses and generating attractive returns for our investors.