Strong Cash GenerationSustained, high operating cash conversion and rising free cash flow provide durable internal funding for distributions, reinvestment, and opportunistic acquisitions. This cash strength cushions earnings volatility and supports long-term value creation independent of near-term accounting profits.
Conservative LeverageA low debt-to-equity ratio and high equity base give structural financial flexibility to pursue deals, withstand downturns, and prioritize capital allocation. Manageable leverage reduces refinancing risk and preserves capacity to fund growth or return capital over a multi-quarter horizon.
Material Revenue GrowthStrong top-line expansion signals successful fund realizations or portfolio growth that can sustainably raise fee income and AUM over time. Persistent revenue momentum supports recurring management fees and increases optionality for performance fees and realized gains across cycles.