Identity

Who Capital Thirteen is, how it thinks and the principles that guide decisions.

Our purpose

Capital Thirteen is a privately held holding company built for permanence.

We exist to own well-run businesses for the long term. We take decisions with durability in mind.

Who we are

Capital Thirteen is structured for long-term ownership. We are independent and privately held by design.

We are not a fund. We are not a platform. We are not transaction-driven.

We deploy patient capital and prioritise stewardship over activity.

How we think

We focus on fundamentals. We prefer clear reasoning over fashionable narratives.

We keep structures simple. Complexity is accepted only when it protects the downside.

Capital allocation is treated as a discipline. We concentrate on a small number of decisions. We aim to be right, not busy.

We value judgement over momentum. We avoid time pressure where it distorts outcomes.

Our perspective on risk

We define risk as permanent loss of capital or trust, not short-term volatility. We do not treat price movement as a reliable measure of risk.

We assess risk through: • governance that works in practice, not only on paper • incentives that reward long-term outcomes • alignment between owners, founders and management • downside protection, including conservative assumptions and resilience under stress

Preservation comes before optimisation. If a return requires fragile conditions, we treat it as risk.

Independence and alignment

We seek early alignment with founders and management teams. We look for shared expectations on time horizon, reinvestment and decision rights.

Alignment is reinforced through structure. Incentives should reward durable value creation. Accountability should be clear.

Independence matters because it preserves consistency. We can act without external fundraising cycles or forced exits.

What we value

We keep this selective. We use it as a filter. • quality over volume • substance over story • responsibility over reach • long-term thinking over short-term optimisation • clarity over complexity • stewardship over control

Our role

We aim to be a stable and thoughtful owner. We provide capital, perspective and governance support.

We do not force outcomes. We avoid interventions that trade short-term gains for long-term weakness.

Our role is stewardship. We work to strengthen durability, decision-making and trust over time.

Build. Hold. Back.