Disclosures:

Caravan Capital Management LLC is an investment advisor registered with the United States Securities and Exchange Commission.  Caravan Capital Management LLC cannot transact business in a state unless appropriately registered or excluded from such registration.  Registration as an investment advisor does not imply a certain level of skill or training. 

Any material or information contained herein is not an offer to sell or to purchase securities, nor a solicitation of an offer to sell or to purchase securities.  No offer or solicitation of a security or investment product will be made without the delivery of an offering memorandum, subscription agreement, and other required documents.  Before making an investment decision, potential investors are advised to carefully read the offering memorandum, the limited partnership agreement, the subscription documents and all other related documents and to consult with their legal, financial, and tax advisors.  

© 2020 by Caravan Capital Management LLC

MIRI Activist Strategy

The MIRI – Market Interface Relational Investing - Strategy seeks to uncover high quality, growing businesses that in our view are undervalued, particularly within the target sectors of technology, health care, consumer, and industrials.  We serve portfolio companies as free and friendly consultants.  We identify management teams and owners that we believe are willing to implement our friendly recommendations designed to improve and internationalize reporting, investor relations, and governance.  We make specific recommendations intended to increase the quantity and quality of public disclosures, to communicate clearly with market participants, including professional foreign investors, and to affirm alignment of interest with minority shareholders.  We seek to invest in companies generating positive environmental and social impacts, and we encourage these companies to improve ESG policies and reporting. 

 

The MIRI Activist Strategy is run as a concentrated portfolio focused on what we view as high conviction companies with upside potential that can be unlocked through the Firm's friendly activism ("consultavism").  The MIRI Strategy is employed wherever this type of inefficiency is uncovered, targeting smaller capitalization companies of the emerging and developed equity markets.