Public markets
Listed companies assessed on business quality, balance-sheet strength and price.
Private investment office · Sydney
Investing with a long-term view.
The portfolio spans public markets, private investments and real assets.
Investment scope
We invest selectively and do not need to remain fully invested.
Private investments
Direct investments with clear ownership, governance and incentives.
Real assets
Assets with clear utility, durable demand or reliable cash flow.
Reserves & special situations
Liquidity for portfolio needs and opportunities outside the core holdings.
Four questions
We ask four questions before committing capital.
What must be true?
Set out the thesis, the assumptions it depends on and the evidence behind them.
What could cause permanent loss?
Identify how capital could be permanently impaired before considering upside.
Is the price justified?
Require an expected return that justifies the risk.
What would change our view?
Define in advance what would weaken or invalidate the thesis.
Contact
BMD Private Capital does not accept unsolicited enquiries.