# Capital Thirteen This framework documents how Capital Thirteen Ltd governs, allocates capital and acts as a long-term owner. ### Permanence. Structure. Trust. Capital Thirteen is a privately held UK holding company. We allocate capital with discipline and take a long-term view of ownership. Our approach is simple: **Build. Hold. Back.** ### What we are We are structured for permanence and long-duration decisions. We are selective and deliberate. We choose a small number of situations where risk, governance and alignment can be underwritten with clarity. We prefer quality over volume. We would rather do less and do it well. ### How we operate We provide patient capital and do not work to a fixed investment horizon. We are comfortable holding for as long as the fundamentals remain sound. We aim for long-term alignment with founders and management teams. We focus on incentives, governance and capital structure from the start. We are hands-on where it improves outcomes and hands-off where it does not. The default is autonomy, supported by clear accountability. ### Our framework Our approach is organised around four pillars. [**Identity**](https://capital.capitalthirteen.uk/identity) - who we are and how we think [**Mandate**](https://capital.capitalthirteen.uk/mandate) - how and why we deploy capital [**Focus**](https://capital.capitalthirteen.uk/focus) - the types of businesses and assets we back [**Stewardship**](https://capital.capitalthirteen.uk/stewardship) - how we support and govern long-term value ### Our Responsibility We are built to be permanent owners. We act with discipline in capital allocation and restraint in decision-making, and we take responsibility for the consequences of our choices. *** Capital Thirteen Ltd is a privately held UK holding company. Registered in England and Wales Website: Email: \ Address: 167–169 Great Portland Street,\ 5th Floor, London, W1W 5PF