Guiding Principles

Our primary goal is to deliver long-term results for our clients in a consistent and transparent manner. We aim to accomplish this by leveraging our experience as investors, employing a valuation-centric approach combined with a long-term temperament, and aligning our interests with those of our clients. The first letter of each of these values forms the name of our firm: VELA.

We apply a rigorous research process to understand and value businesses. We invest when the price we can pay offers an attractive risk-adjusted expected return based on our estimate of intrinsic value.

We believe quality experience lends perspective, prudence, and conviction to investment decisions. We leverage substantial individual and collective experience to serve our clients with distinction, and work to cultivate it in our associates.

We adhere to a long-term time horizon with both our investment decisions and the management of our firm. Our commitment to maintaining a long-term horizon enhances our potential to buy good businesses at compelling valuations and generate attractive long-term results for our clients.

Our clients are our partners. We reinforce our solid belief in our client-focused strategies by placing our individual wealth alongside that of our clients.

At a Glance

As of 3.31.2025

100%   |

Employee Owned

2019   |

Year Founded

67%   |

Employees with Ownership Interest

$482m   |

Firm Assets Under Management

21 Years   |

Partners (Owners)’ Average Experience

6   |

Investment Strategies

Investment
Strategies

INVESTMENT STRATEGIES

We offer a selection of investment strategies designed to seek long-term capital appreciation and/or current income, all guided by our valuation-centric approach.

All Cap Concentrated

The All Cap Concentrated Strategy invests in a focused portfolio of stocks from a broad market capitalization spectrum, offering a concentrated yet diversified exposure to our highest conviction ideas.

Small Cap

The Small Cap Strategy invests in a diversified portfolio of small capitalization companies, which tend to be underfollowed and in the early stages of their growth potential.

Large Cap Plus

The Large Cap Plus Strategy invests in long positions of attractively valued companies while also taking short positions in unattractive stocks.

International

The International Strategy invests in a diversified portfolio of non-U.S. equities from a broad market capitalization spectrum. Value is primarily added through stock selection, rather than by country or sector allocation.

Income Opportunities

The Income Opportunities Strategy invests in dividend income producing securities, both domestic and foreign, across the market capitalization spectrum.

Short Duration

The Short Duration Strategy invests in fixed income securities across a broad group of industries, geographies, and company market capitalizations.