HANDS-ON INVESTMENTS Menar invests in controlling and managing shareholders in private and listed companies and allocates capital to selected projects and companies actively involved in mining and resources. INVESTMENT APPROACH With our wide and proprietary access to international deals, we target investments in sectors that we have a deep knowledge of including energy, resources and infrastructure&construction. We typically invest in companies which have a clear business model, a strong position in the value chain with good margins and favourable long-term cash generation. We balance a fair valuation with the trade-offs between growth and cash flow and insist on experienced management teams who partner with us to share the risks and rewards of ownership with clear alignment between all stakeholders. In particular, we aim to be a meaningful shareholder with the ability to influence the business. INVESTMENT STRATEGY With our wide and proprietary access to international deals, we target investments in sectors that we have a deep knowledge of including energy, resources and infrastructure&construction. The Company focuses on achieving long-term capital growth while preserving shareholders’ capital. Capital is allocated to real assets and absolute return. OUR CORPORATE OBJECTIVE To deliver long-term capital growth, while preserving shareholders’ capital. To invest without the constraints of a formal benchmark, but to deliver for shareholders increases in capital value in excess of the relevant indices over time. OUR INVESTMENT POLICY To invest in a widely diversified, international portfolio across a range of real assets.