Hamish Corlett, co-founder of TDM Growth Partners, explains to Ethan Berman how TDM curates its client base around trust and alignment rather than formal investor lockup periods.
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“We never wanted to have a lockup with clients. We only want clients that want to be here. Having said that, we've never had a client that's pulled their money.”
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More from Hamish Corlett
PredictionOpen · timeframe Oct 2031
Corlett: TDM will compound $1.5B into $15B over next 10 years
“We're now at 1.5, and we think we can keep compounding at the same rate for another 10 years. And over that time, the 1.5 turns into fifteen billion and still be able to invest Exactly the same way we've been investing the past 16 years.”
Corlett: Spotify and Square can grow revenue 20-30%+ for 10 years
“Take a couple of the companies we own at the moment, a Spotify or a Square, which we think can continue to grow revenue at 20, 30% plus for the next 10 years.”
Corlett: Guzman y Gomez can reach a $50B valuation
“In the next gen business, we've got a company like Guzman and Gomez, which we think is the McDonald's of the next generation. It's a great Australian Mexican food retail business that we think can be a fifty billion dollar business down the track.”
Corlett: Great long-term investing requires enduring discomfort in non-consensus decisions
“You can't produce great returns for a long period of time by making easy consensus decisions, and so that usually means one or two things, that when we're making an investment decision in the business, there's usually something in the business that other inves…”
Corlett: TDM made 65 investments and lost money only three times
“So we've made around 65 investments over the course of TDM's life, and we've lost money three times, and we've lost material money two out of those three times.”
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