Investments we intend to hold for a very long time.

A three-centre franchisee of a national early-learning brand, opening a fourth location in the same county.

We funded the fourth site and the working capital to open it slowly rather than cheaply. The founders keep running the centres and hiring their own teachers; we stay out of the classroom entirely.

A six-unit neighbourhood shop building developed on a vacant corner parcel beside an established grocery anchor.

Land acquired, entitled and built out over two years. Four of the six units were pre-leased before the slab was poured, and rents are set to keep good tenants rather than to flatter an appraisal.

A platform acquiring owner-operated childcare franchises from founders heading toward retirement.

The founders wanted their staff and their enrolled families looked after. We provided the equity and the timetable; the platform provides the back office and leaves each centre director in place.

Two adjacent parcels on a commuter corridor, held through entitlement for future shop development.

Unglamorous work: rezoning, a traffic study and eighteen months of patience. Land is the one part of a shop that cannot be added later, which is why we buy it early.

A four-centre franchise group in a growing suburban market, with a purpose-built fifth centre under construction.

Both focuses meeting in a single investment: we backed the operator and separately developed the building they will occupy, on a long lease written to survive a slow first year.

A small redevelopment of three town-centre shopfronts, sold to the tenants who occupied them.

Held while the tenants grew into the space and could finance the purchase themselves. Not every good outcome is a sale to a stranger.