Management: The companies must have management that has high level of credibility and integrity. We look for managers who are familiar with the business environment of Asia/China but also have hands-on operational experiences.
Industry: The companies' products or services should have significant market growth potential in Asia and/or export opportunities. The companies' business models must also have been proven effective in other parts of the world, perhaps in other developing countries.
Competitive Advantage: We look for companies that have significant competitive advantages in their industries, which are sustainable for the foreseeable future. The source of such advantages could be something as direct as a government license or patent; or something less apparent such as a name brand, a uniquely low cost structure resulting from high market share, extensive distribution channels, advanced and proprietary technologies and processes or a unique source of natural resources.
New Investment Opportunities: We prefer to invest in enterprises that have substantial opportunities to reinvest cash flow or deploy incremental capital in high-return projects.