We invest in ambitious healthcare businesses with excellent management and work with them to identify and build lasting value within businesses in the following sub-sectors:

 Pharmaceuticals and biotechnology

 Medical devices and technology

 Care service providers

We focus our consumer investing in 4 key areas:

 Consumer Goods

 Retail

 Food and beverages

 Leisure

Media is a dynamic, wide-ranging sector. Most of the opportunities we see fall into four areas:

 Broadcasting and entertainment – including all forms of TV, radio, internet and mobile broadcasting, the creators and owners of content, and suppliers of allied services.

 Publishing and information – ranging from newspapers, through to directories and business information.

 Marketing services – services to marketing and advertising, including market research.

 Technology – Software & hardware that enables major disruptions within large markets.

 Alternative fuel sources

 Waste management

 New materials

 Chemical

 Paper, packaging and printing

 Building and construction materials

 Car

 Transportation and logistics (professional distributors)

 Electric and electric facilities

 Aviation

 Industry engineering