Entering 2023, we find ourselves an unsettled market. Even with the challenges posed by uncertainty, we are making the most of this business climate by focusing on the strategies responsible for the success of our first two funds. Focus pays. True West Fund III closed 2022 with fourteen investments, and more in the works we are very excited about.

Even now as the future is especially difficult to predict, our experience navigating the ups and downs of several economic cycles affirms our investment philosophy. Tactics may change when markets are in flux, but our approach has proven to have the flexibility to adapt without compromising the rigor of our discipline. There are always smart business owners worthy of our resources and focus.