Mala Gaonkar: Building SurgoCap, Identifying Great Businesses and Learning from Mistakes

Hi everybody, I'm Nikola Tangan, the CEO of the Norwegian Sovern Wealth Fund, and today I'm really happy because I'm here with Mala Gaunkar, who I've known for a long time actually. Mala founded SergoCap with $1.8 billion and now it's at $6 billion. And before that, she spent 23 years as a founding partner of Lone Pine Capital, one of the most successful hedge funds of all times. Great to have you here. Great to be here, Nikolai.

Thank you. Tell me about SergioCap partners, you know, your company. Yeah, uh ServoCap tries to do what many investment firms try to do. It tries to beat the market uh over a three to five year cycle with less risk than the market, a risk defined as loss of capital, not volatility.

And the way we try to achieve that is by identifying this very small handful of truly great businesses that exist in the world. And we do that through a our product is really our process, a very transparent process, of uh looking for very specific factors that really are distillation, as you pointed out earlier, of my lessons I've learned, the many mistakes and lessons I've learned from investing over 23 years with some of the best people in the business, my former colleagues at at Lone Pine. And so that distillation has led to Sergo. There are many different factors that lead to identification of a truly brilliant business.

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