Investment Philosophy

In executing its investment strategy, the TD Capital Investment Team focuses on five key success factors in private equity investing:

Manager Selection and Access
Given the wide dispersion in returns across Fund Sponsors, the Investment Team focuses on those with demonstrated track records of superior performance, including many top-tier Fund Sponsors with whom TD Capital has developed long-standing investment relationships.

Balanced Diversification
While avoiding over-diversification, which can lead to index-like returns for investors, the Investment Team's strategy aims to achieve diversification along key dimensions, including investment type (e.g., buyout vs. venture capital), geography, fund manager, and vintage year.

Proactive Deal Sourcing
Funds managed by top-tier Fund Sponsors are frequently over-subscribed, making existing relationships, early identification and timely due diligence critical to gaining access to attractive investment opportunities. The Investment Team has developed and implemented a disciplined market research and deal sourcing process that systematically covers each key dimension of the Fund's investment strategy.

Fact-Based Due Diligence
TD Capital's due diligence approach has been tested and refined over its long history in private equity. The Investment Team combines rigorous quantitative analysis with experience-based qualitative assessments of the relative merits of each investment opportunity.

Value Added Monitoring and Reporting
The Investment Team leverages its detailed, ongoing portfolio monitoring and reporting process both to deliver concise portfolio reports to investors and to provide a platform for reinforcing existing relationships, gaining market intelligence and generating attractive deal flow.