Co-investment alongside a family
Katko Capital was born out of a convergence of views between an equity investor, Guillaume Dalibot, and a corporate leader, his father Denis Dalibot. (‘The origins of the project’)
Fully aligned on a long-term value creation method, they have both committed the bulk of their respective financial assets to the Katko Capital investment strategies.
As being open to the scrutiny of others is the best way to challenge oneself and improve, the Katko Capital funds are open to investors who share the same objectives and investment philosophy.
Concentration
Portfolio concentration, coupled with stringent investment selection, is a key long-term performance driver.
Academic research shows that the diversification incremental benefits become less compelling above circa 20 positions.
Operational leadership
Our priority is to monitor companies operational leadership, as this is the best guarantee of their future financial performance.
Understanding and qualifying operational leadership as objectively and concretely as possible, and monitoring its evolution, is by far our most important activity.
Ultra quality
Katko Capital only invests in “structural winners” that meet all its qualitative criteria, without exception.
These companies are extremely rare, which also explains Katko Capital’s concentrated portfolios.
Long-term
We always intend to invest for the long-term and avoid being distracted by short-term trading.
We remain extremely vigilant to ensure that each investment case does not deviate from our assumptions.
Katko Capital community
Entertaining a dialogue with our co-investors allows us to be challenged and stimulated by these exchanges.
Objective
Katko Capital’s goal is to outperform equity markets over the long-term.
Process
We have designed a rigorous investment process leading to highly concentrated portfolios.