Their mission is to generate superior returns by making investments in great businesses and helping existing management better them. They trace their origins to a family office founded in 1947. In 1994, they formalized their private equity investment activities and opened them to outside investors seeking attractive risk-adjusted rates of return with reduced risk of capital loss. Their investment philosophy is focused on partnership with great companies and their existing management teams, using conservative capital structures to enable stability, growth, and flexibility. With offices in the U.S. and China, the firm employs 120 globally.