White Papers·12 Apr 2026
The Permanent Capital Playbook
A working framework for structuring a HoldCo built to compound for decades, not exit cycles.
Page 02 — Library
Library
A curated knowledge hub — PLI’s writing, thinking, and curation for founders, operators, and long-term investors.
Podcasts·28 Mar 2026
Episode 04 — A Conversation with a First-Time Serial Acquirer
How a former operator sourced, financed, and closed their first three platform deals.
Essays & Memos·9 Mar 2026
Notes on Reoccurring Revenue
Why we prefer reoccurring revenue to recurring revenue — and how the distinction shapes underwriting.
Curated Reads·22 Feb 2026
Reading List — Capital Allocation
Letters, books, and essays we return to when thinking about reinvestment and discipline.
White Papers·10 Feb 2026
Underwriting Fragmented Markets
A short paper on identifying defensible niches inside otherwise commoditised verticals.
Podcasts·30 Jan 2026
Episode 03 — Holding Forever
A long-duration investor on portfolio construction when the holding period is measured in decades.
Essays & Memos·15 Jan 2026
Lessons From Year One of a HoldCo
Five things we got wrong, three we got right, and one we still don’t have a view on.
Curated Reads·18 Dec 2025
Reading List — Operations
The operational playbooks we recommend to portfolio leadership in their first 90 days.