Thank you for bearing with me as I spilled my thoughts about portfolio construction out onto the page. It turns out that writing a cohesive white paper is difficult, particularly when it’s on an abstract topic with the goal of being both in-depth and in plain English.

But here we are, and I am proud to release Portfolio Construction and the Lower Middle Market to the world. (Click that link or this one to get your copy.)

If you read the working on the white paper series in this space, there may not be much that’s new, but I think each section benefits from being together in the same setting as the others. For qualified investors, we are working on an expanded version that includes data around Permanent Equity’s portfolio and its returns over time, but we can’t put that out into the wider world because the SEC would frown upon it (spoilsports!). 

Hopefully, you find our weird way of thinking about the world helpful.

-Tim

Sign up below to get Unqualified Opinions in your inbox.