“Investment management should be more like watching paint dry or watching grass grow”- Paul Samuelson
“Investment management should be more like watching paint dry or watching grass grow”- Paul Samuelson
Perennial Investment Philosophy
Perennial is inspired by the long-term mission to protect the purchasing power of savers irreplaceable capital, and to increase such value over time in real terms. We do this by channelizing savings towards monopolistic and fast growing capital efficient franchises with reinvestment runways run by able and minority friendly management.
- In most sectors globally as well as India, profit pools are getting concentrated in the hands of a few champion franchises. We endeavor to find the current and emerging breed of monopolists who will benefit disproportionately this consolidation.
- We aim to identify growing businesses with consistent track record, excellent corporate governance and competitive advantages built around network effects, lowest cost of production, switching costs and intangible assets having large addressable markets
Our typical holdings exhibit the following characteristics:
- Sector leaders in an industry with favorable economics and great track record of capital allocation
- Great accounting quality and corporate governance
- Huge growth potential
We are specialists in buying high quality companies that are often ignored by the analyst community. Our unique investment philosophy of identifying major wealth creation trends and managing the risk has been back tested and we are aiming of creating 20% plus CAGR returns for our clients.
Fund Manager
Satwik Jain
- Satwik is a global investor trying to identify major wealth creation trends, monopolistic and fast growing capital efficient franchises with reinvestment runways run by able and minority friendly management.
- He has previously been associated with one of India's largest multi-family offices- Client Associates which advised upwards of $ 3
- Satwik is a global investor trying to identify major wealth creation trends, monopolistic and fast growing capital efficient franchises with reinvestment runways run by able and minority friendly management.
- He has previously been associated with one of India's largest multi-family offices- Client Associates which advised upwards of $ 3.5 billion and was part of the 4 member team at one of India’s leading hedge funds- Elara India Gateway Fund picking businesses across sectors.
- He also worked in Deloitte in Valuations and Mergers & Acquisitions division working on cross border multi-million dollar deals.
- He also co-founded the "Zomato of fitness industry", fitnessholic.com aggregating over 150 fitness centers on its platform and was a professional golfer on the PGTI.