INVESTING
We invest our own capital, for the long run.
Horizon invests its own capital in selected opportunities, either independently or alongside investment partners.
WHERE WE INVEST
Value investors with a long-term perspective.
We look for fundamentally strong businesses that we believe are undervalued relative to their markets and peers, often due to company-specific factors, temporary dislocations or one-off events.
We go deep into the underlying business, identify the root causes of the valuation gap and build a clear investment thesis around what could unlock value. We typically expect that thesis to develop over a one-to-three-year horizon.
We are not constrained by asset class or geography. This flexibility allows us to pursue compelling opportunities wherever we find them and to build a diversified portfolio around a relatively small number of high-conviction investments.
OUR INVESTMENT PROCESS
From idea to exit, every step is driven by evidence.
1
Screen
Identify fundamentally strong businesses trading below their markets and peers.
2
Research
Go deep into the business and the factors behind the valuation gap, using real data.
3
Build the thesis
Model scenarios, identify potential catalysts and define what needs to happen for the investment thesis to play out.
4
Invest & monitor
Build high-conviction positions and continuously test them against the original thesis.
5
Exit with discipline
Realise value when the thesis plays out — or exit quickly when the evidence no longer supports it.