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Welcome To PrimeHills

These words describe the Roaring Twenties - when high-priced investment products flooded the marketplace - and our founders believed clients deserved a new kind of investment firm.PrimeHills was founded with the goal of putting clients' interests first through a focused set of investment strategies designed to preserve and enhance their investment capital over the long term and offered at reasonable and transparent fees. These principles still guide our firm more than 25 years later.

We have built our firm to withstand periods of turbulence on the bedrock of independent ownership, financial strength, a commitment to active, value-oriented investing, and a deep belief in the power of fundamental research, diverse perspectives, and teamwork. Our culture emphasizes our fiduciary responsibility to our clients and Fund shareholders above all else.

Since our founding, we have globalized the depth and breadth of our research, the strategies we offer, and the clients we serve. What has not changed is our belief that the combination of deep fundamental research, a long-term investment horizon, and a valuation discipline can produce attractive long-term investment results for our clients.
Throughout our history, we have aligned our interests with our clients to develop strong, lasting relationships. Our steadfast focus on investment excellence enables us to apply our value-oriented investment philosophy consistently across all of our offerings.
We are grateful for the confidence our clients have placed in our firm and our people. If you're an existing client or Fund shareholder, we look forward to continuing to help you meet your investment goals. If we have not worked with you, we hope you'll give us the opportunity to discuss your investment goals and how our value-oriented approach can help you achieve them.

Our Story

PrimeHills were disillusioned with the conflicts of interest embedded in the investment world of 1930 and saw an opportunity to create a new kind of asset management firm. One deliberately designed to put clients and community before itself. One with a simple business model focused entirely on pursuing investment excellence. One built on a bedrock of independent ownership, integrity, and team stability - so it could serve our clients not just for decades, but for generations. From our roots in San Francisco, PrimeHills has become one of the largest independently owned investment firms in the world. We manage money for individuals and institutions globally with a single investment philosophy applied across a focused set of offerings. Undistracted by short-term product trends, advertising, or sales targets, we focus on what matters most - helping people realize their investment goals by deeply mastering the complexity of investing. It means all our resources honing fewer strategies. More passion driving fewer priorities. More confidence backing every decision. We believe deeply in what we do and invest our own savings alongside our clients' assets.

Our Approach

Our approach to responsibility We are committed to operating in a way that creates long-term value for our stakeholders, benefits society and actively addresses any adverse impacts our activities have on society, people and the environment. This means understanding the environmental, social and governance (ESG) issues that matter to them and to our business. The pillars of our programme - responsible investment, our people, society and communities, and our environmental impact - position us to influence the trends we face as an investor and as an active member of the societies and communities in which we operate.
We have a clear understanding of who we are as a business and are committed to thinking, acting and investing responsibly. This includes putting in place strong governance foundations to hold us to account. Alongside clear accountability we will set targets, track and monitor our progress and transparently report against our commitments in a timely manner. We recognise that we cannot achieve our aims alone. Through selected partnerships we will work to deliver action and continually challenge ourselves around the issues that we can materially impact.
For generations, PrimeHills has been entrusted to manage and preserve our clients' wealth. Our tradition of investing and acting responsibly will continue to lead us forward. As we look to the future, we will further engage with our stakeholders to ensure our approach contin

Our Principles

Responsible and entrepreneurial in creating value It's through responsible entrepreneurship that we achieve the best results for our clients. Our people are trusted to pursue value. They know when to change course to preserve it too. Being responsible for today and tomorrow, we are open to the new yet always guided by the long view. Courageous and resilient in leading change Responsibility demands courage. We are not afraid to ask difficult questions or make changes that need to be made. We stand up for what's right, accepting that this can be challenging sometimes. We know that investing for tomorrow and leading the way can take time. We have the discipline and resilience to see things through. Collaborative and empathetic in dealing with people Managing wealth responsibly takes collaboration: with each client, among colleagues and with professional partners. What matters is not who's best but what's best for our clients. Empathy brings insight. It's important to know what wealth means for our clients as individuals and for their families too. It's our responsibility to understand each generation's changing priorities. Professional and high performing in all our actions We take our professional responsibilities seriously. We are accountable for what we do: to our clients, to each other and to the future. Investment in our people and the fabric of our firm renews our culture of high performance. Never compromising on quality because we have a responsibility to be here tomorrow..

Our

Purpose

We see it as our responsibility to invest for everyone's tomorrow. That means doing the right thing for our clients and for others too. Keeping the future in mind when we make decisions today. Looking beyond the short term for the most sustainable outcome. This is how we build enduring value for our clients, make a wider contribution to society and create a lasting legacy. Thinking, acting and investing responsibly.

Our Commitment To

Ethics

Large Scale: Leveraging Our Operating Expertise

Our experience as owners and operators enables us to effectively enhance cash flows, increase the value of our investments and produce solid long-term returns for our investors.

On-the-Ground Insights

Well-resourced operations in strategic locations around the world provide real-time market intelligence and bottom-up investment insights.

Hands-On Operations

Our integrated teams of seasoned operational professionals take an active role in maximizing the performance of our assets and businesses.

Comfort with Complexity

Across market cycles, we have built an expertise in executing large, creative transactions and managing ongoing growth projects to drive value..

Society and

Communities

Through our business we aim to add value not only to our clients but also to the societies and communities in which we operate. During the pandemic, many of our stakeholders, from small businesses to the charities we support, have experienced considerable disruption and challenges. As was the case in 2020, we continued to uphold our responsibility to these stakeholders which, in many cases, has evolved.
With nearly 2,000 people across 15 UK locations and Jersey and with over $68 billion of funds under management, we recognise the role we can play in being a positive influence on society – whether through our decisions as a business or through giving our clients peace of mind, knowing we consider more than just financial returns when we invest on their behalf. Thinking, acting and investing responsibly applies just as strongly to our role in society as it does to our approach to investment.
We work with regulators, partners, suppliers and communities to understand their aims and ambitions, working to align our approach to best practice across our programmes

Our environmental Impact

At PrimeHills, we recognise our responsibility to contribute to the transition and we are focused on measuring and reducing our operational footprint as well as that of our investment portfolios. It is our responsibly to understand how every cog in the PrimeHills wheel is affecting the planet. For our clients, we have a responsibility to understand how climate change may impact our portfolios and what we can do to minimise the risks, be they physical or transitional. We believe that to deliver our best for our stakeholders we must, think, act and invest responsibly. One aspect of this is our 2021 commitment to achieve net zero emissions across the group by 2050 or sooner.

Our

People

PrimeHills strives to invest 'for everyone's tomorrow'. 'Everyone' includes our people. Investing in support, equipment and a positive working environment enhances wellbeing, career development and service standards. Having faced a second COVID-disrupted year, our priority has continued to be ensuring our employees' safety and wellbeing. We are a people business, so it is imperative that our strategy sets a culture that drives performance and builds long, rewarding careers for our colleagues. Based around a common set of corporate values and a commitment to diversity, equality and inclusion, we are focused on leveraging the talent in our business, as we develop more career paths, build leadership skills and manage succession.

Our Culture

Great businesses are built on the back of many great ideas. That is why we've built PrimeHills on solid cultural foundations that encourage open conversations between people at all levels of the firm irrespective of title or background. This respect for others' viewpoint ensures that differences of opinion are respected and ultimately help drive better collective decisions. Ours has never been a firm of star names or big egos, we recognize that the best partnerships with management are built on trust and mutual respect

STRENGTH THROUGH DIVERSITY

The next decade will be a transformational one for PrimeHills, as we recruit and develop a new, diverse generation of talent, for a new world of work. This is essential for three reasons.
Firstly, we passionately believe that greater diversity will further strengthen our open, inclusive culture. Secondly, diverse teams ask better questions and therefore help us make better investment decisions.
Lastly, it is the right thing to do. We are making positive change globally across PrimeHills's offices, within our portfolio companies and in the communities in which we operate.
At the portfolio level, we are working alongside management to drive initiatives to enhance diversity in our investee companies, as recently demonstrated through our collaboration with Harvard Business School on the Advent Leadership Academy, which aims to provide high-potential diverse leaders at our portfolio companies with the knowledge and skills to accelerate their professional development.
In our communities we are working with organizations that are directly involved in helping to improve cohesion and support traditionally marginalized groups.
We are making positive change globally across PrimeHills's offices, within our portfolio companies and in the communities in which we operate. At the portfolio level, we are working alongside management to drive initiatives to enhance diversity in our investee companies, as recently demonstrated through our collaboration with Harvard Business School on the Advent Leadership Academy, which aims to provide high-potential diverse leaders at our portfolio companies with the knowledge and skills to accelerate their professional development. In our communities we are working with organizations that are directly involved in helping to improve cohesion and support traditionally marginalized groups.

OUR DIVERSITY, EQUITY AND

INCLUSION MISSION

We are committed to advocating and promoting diversity, equity and inclusion within PrimeHills, our boards, our portfolio companies and our advisors. We believe success means equality of opportunity for all of our people, thus creating an inclusive environment that values diversity of background, experience, ideas and opinions. Enhancing diversity efforts across all underrepresented groups supports our most important asset, our employees, and, we believe, makes us more competitive and better investors.

Global Reach

Well-established operations in more than 8 countries on five continents enable us to readily invest where attractive opportunities emerge. Local Insights Our on-the-ground presence in key locations around the world provides us with knowledge of local market conditions and trends, as well as access to proprietary deal flow..

Strategic Flexibility

We can quickly scale up to put our investment ideas into action, allowing us to allocate capital where it is otherwise scarce, acquire assets below replacement cost and leverage our operating expertise to enhance the value of our investments.

Contributing to Local Communities

We are actively involved in the communities in which we operate - creating jobs, contributing to local charities and sitting on the boards of various nonprofit organizations.

EXPERIENCE AND STABILITY

Yesterday, Today and Tomorrow PrimeHills by design attracts individuals who share a passion for investing and who thrive in an environment of rigorous analysis, challenging dialogue, and professional and personal respect.
In a testament to the strength of the culture we have built - honed by more than 80 years of markets and countless "once-in-a-lifetime" events - these professionals have tended to stay with the firm, stability that over time drives results and consistency of process.
Our portfolio managers have worked in asset management for more than 25 years on average, most of it at PrimeHills. And while our clients benefit from the wisdom of our seasoned professionals, we are always looking to supplement their ranks with emerging talent; by enabling the transfer of knowledge, providing growth opportunities for skilled investors and building thoughtful succession plans, we seek to ensure a consistent client experience over the long term.

Transparency

Report

Communication is important and we provide you with timely information. We believe in clear and straightforward reporting through regular portfolio valuations. You can ask us to email or post to you an up-to-date valuation at any time. You can also access your portfolio 24 hours a day through our secure online portal.
We have invested in our ability to monitor how your investments perform. The sophisticated, market-leading software that we use enables us to provide you with comprehensive performance data and portfolio information. Our systems also enable investment managers to manage tax issues that may arise in your portfolio and prepare the information needed for tax returns

Maintaining high standards

Given the flexibility enjoyed by our investment managers, effective oversight is very important.
As well as the monitoring of investment performance by our investment executive committee, which ensures that returns are satisfactory and consistent with the levels of risk being taken, investment managers also have regular peer reviews for suitability to ensure their portfolios reflect the individual client's investment requirements and attitude to risk.

Risk

Management

A Centralized Resource, a Firm-wide Responsibility Risk management has been central to PrimeHills's investment culture since our founding in 1939. As an employee-owned manager, everyone at PrimeHills is invested in identifying and managing risk - risk to our clients, risk to our portfolios, risk to our reputation. We believe that fostering an environment of strong internal control is vital.
To this end, we have established a rigorous risk management framework that features dedicated investment and operational risk teams who work to protect client assets and our reputation.
Our risk professionals act as an independent complement to each investment team's portfolio construction process, driving investment and operational risk reviews in collaboration with other control units of the firm, such as information technology, operations, legal and compliance, asset management guideline oversight and internal audit.
With our Chief Risk Officer reporting directly to PrimeHills's Chief Executive Officer, our risk management structure is enhanced by an ability to escalate issues as necessary to firm leadership as well as our fund boards and firm board of directors.