Established during the 2008 – 2009 global financial crisis, HMI Capital, LLC seeks to invest in the highest-quality businesses when capital markets put pressure on their valuations.  Taking a long-term perspective with a strong value orientation, HMI seeks the best opportunities globally, primarily in public equities and at times distressed credit.  The firm holds a concentrated portfolio of 10 – 12 deeply researched names in five distinct industry sectors that tend to have a high concentration of companies with outstanding business models: software; tech-enabled services; internet & media services; infrastructure systems and services; and financial services. Through this approach, HMI strives to deliver high risk-adjusted real returns over long time frames with low probability of permanent loss of capital.