ISTANBUL ROOTS — GLOBAL PERSPECTIVE

Clinical Precision Meets Market Insight

We apply more than 25 years of clinical discipline to value investing. We read with the same rigour, and we wait with the same patience.

ROE

Focus

ROIC

Discipline

DIVIDEND

Value

⌄

Sydney, Australia

Darling Harbour, Sydney. We read companies wherever they are, and decide from Istanbul.

Based in

Maltepe, Istanbul

We look at

Türkiye and global markets

Founded by

A medical doctor

Four areas we put money into

Listed shares, private stakes, healthcare, and the technology built for healthcare. Everything we own sits in one of those four.

We hold listed shares in Türkiye and abroad. We read the accounts, work out what the business is worth, and buy when the price sits below that.

We take minority and majority positions in private companies, usually next to the family that built them and plans to stay.

Clinics, diagnostics, medical devices, and the software behind them. Our founder is a physician, so we read this sector from the inside.

Artificial intelligence pointed at real clinical and commercial problems. We back tools that doctors and operators will actually open every day.

Cash flow, balance sheet, return on capital. If the numbers do not hold up, the story does not matter.

We meet management and we watch how they behave over several years. Honest operators make ordinary businesses good.

Family capital has no redemption calendar. We can wait for a company to grow into its value.

Retail and supermarket groups

Refining and energy

Insurance

Automotive

Healthcare and diagnostics

Health technology and AI

If you are building a company in one of these sectors, or thinking of selling a stake in one, we would like to hear about it.