FTJ Group
Held for the long term. FTJ Group is a private holding company. Some of what we hold was built from nothing. The rest arrived already formed. There is no hurry with either.
FTJ Group
A holding company in the literal sense. The firm holds. It does not trade what it holds, and it does not run it. Authority is delegated, deliberately and in writing, to the people appointed to exercise it. We are not a fund. There is no vintage year, no exit timetable, and no clock against which our decisions are measured. We are deliberately small. We take on few commitments, we make them slowly, and we intend to keep them.
Patience is the position. We are drawn to enterprises that can be made durable — genuine customers, honest margins, and the capacity to compound quietly over many years. We are not an operator of last resort, and we are not a source of quick capital. We are a permanent home for a small number of businesses, and we are entirely content for that number to grow slowly.
We are not difficult to reach. We are only difficult to persuade.
PRINCIPLES
Discretion
We do not discuss our holdings, our counterparties, or our terms. Confidence is the first thing we extend and the last thing we withdraw.
Restraint
We decline a great deal more than we accept. The opportunities we pass on are the reason the ones we take receive our full attention.
Delegation
The firm holds; it does not operate. Authority is granted deliberately, in writing, and exercised close to the work. Little of consequence is decided at a distance from where it takes effect.