Mandate
We deploy capital with patience, discipline and a permanent ownership mindset.
Our mandate
Capital Thirteen exists to allocate capital responsibly over the long term.
That responsibility is most visible in what we choose not to do. We prioritise capital preservation, alignment and durability of outcomes.
We back situations where incentives are clear and governance is sound. We aim to be a stable owner and a reliable counterparty.
What we invest in
We invest in well-run businesses and assets with durable fundamentals. We look for cash generation, resilience and long-term relevance.
We prefer situations where downside protection can be underwritten. That includes clear decision rights, sensible incentives and straightforward risks.
We value simplicity. If a thesis depends on precise timing or fine margins, we usually to pass.
How we deploy capital
We deploy patient capital with no fixed investment horizon. We move at the speed required to reach conviction.
Decisions are concentrated. We keep the process tight and accountable.
We are selective by design. Capital is deployed only when the case is clear and the terms are sound.
Time horizon and ownership
We invest with a long-duration ownership mindset. We are comfortable holding indefinitely when fundamentals remain sound.
There is no pressure to force exits or liquidity events. Change is driven by facts, not by a timetable.
What we avoid
We avoid:
Speculative strategies
Leverage-dependent outcomes
Complexity without protection
Growth pursued at the expense of resilience
Short-term optimisation
Discipline and accountability
Capital allocation is a discipline. We treat each decision as a permanent record.
Accountability is clear and internal. We review decisions against the original facts and assumptions.
We are willing to do nothing when conditions are not right. Inactivity is preferable to forced activity.
Our Responsibility
We take stewardship seriously. We aim to protect capital, back durable fundamentals and think in decades.
Build. Hold. Back.