
Symmetry was selected as the name
of the firm to reflect our long held belief that the interests
of our clients, our firm and the managers of our underlying
investments are aligned. We
view our partnerships to be "partnerships" in the truest sense
of the word, where the goals and objectives of all parties are
in sync with one another. We endeavor to understand the
needs of our partners, as well as those of prospective sellers
of partnership interests, and then develop the appropriate solutions.
We believe that the private equity
industry has been built upon the foundation of performance
incentives. Further, we believe
that while current income for all parties in the process should
be reflective of the skills and experience of the individuals,
the real focus should be on economic incentives based upon proven
results. Entrepreneurs can generate great wealth from their “sweat
equity”, provided that their companies are successful. The
carried interest structure incorporated into private equity partnership
agreements can likewise create wealth for the general partners,
provided that their investments are successful. Similarly,
the fee structure for Symmetry’s funds is designed to reward
the General Partner, provided that the limited partners enjoy
attractive long-term returns.
Within this philosophical context,
Symmetry strives to build well-diversified client portfolios
that are targeted to deliver top-quartile returns with a minimum
of downside risk.
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