Investment Philosophy

Camini Capital seeks to generate superior investment returns with a concentrated long-term, value-oriented approach designed to participate in investments that we view as having asymmetric prospective returns relative to the underlying risk. We are industry agnostic and believe the market’s temporary price inefficiencies can provide opportunities for outsized investment returns to diligent capital allocators and investment managers like Camini Capital. We aim to participate in investments that have the highest overall compatibility with our key investment criteria that we call "The 4 Q's" outlined below.

Quality of Business

  • Operates in an industry with significant barriers to entry and has a defensible model differentiated from competitors

  • Pricing power

  • Possesses tangible assets with operating leverage for growth

  • Provides an integral product or service to society

  • Strong intellectual property and adequate legal protections


Quality of Management

  • History of strong performance and ability to make difficult decisions that optimize long-term value creation for the company

  • Prudent capital allocators

  • Compensation packages aligned with shareholders’ and broader stakeholders' interests

  • Depth of management team “bench”


Quality of Value

  • Trading at a discount to our long-term view on the intrinsic value of the business as well as the relative value of its peers

  • Special situation (i.e., restructuring, management turnover, extraordinary economic event) creates market dislocation in price vs. underlying value

  • Overlooked securities on basis of size, industry, lack of analyst coverage


Quality of Balance Sheet and Accounting

  • Positioned to be free cash flow generative in the long term

  • Situationally appropriate and manageable debt levels

  • Sufficient liquidity to fund future growth at the lowest cost of capital while minimizing dilution of existing shareholders

  • Conservative accounting disclosures

  • Reputable auditor