THORNTREE CAPITAL PARTNERS LP

ThornTree employs a variety of investment strategies, including hybrid approaches that combine elements of different strategy types or represent entirely new strategies. They may also make opportunistic investments outside of their primary strategy if they identify a sufficiently mispriced asset. Their overall approach combines a range of investing techniques, implementing different strategies in different markets and combining different strategies in the same or related markets. ThornTree's core investment objective is to generate strong risk-adjusted returns through long/short equity investments. They prioritize companies that are driving consumer surplus, competitively advantaged, operating in healthy industry ecosystems, and with proven management teams. Their diligence process is grounded in fundamental research and seeks to understand the decision-making hierarchy of target customers and the execution strategy for each business. They are agnostic to investment styles and seek to invest in companies at attractive valuations.