About Us

Georg and Martin have been business partners from their first childhood venture, selling self-painted tableware on Labor Day in Maine, to the current investments in public and private businesses. Fratres not only stands for brothers. It also means our network of partners and friends we enjoy working with.

A Privilege to Protect Your Capital.

The Guardian Fund was founded in 2010 to enable our partners to co-invest with us. Our clients are mostly individuals and European families who accumulated wealth by owning a single business and often for generations. We own stakes in several businesses and allocate our time to understanding the drivers of earnings power. It’s a priority to accept investors who understand our fundamental investment philosophy. This keeps the quality of the partnership high.

We do the research ourselves and established a trusted network of friends with whom we share ideas. While we can buy any stock anywhere in the world, our focus is on a few that we know well. We like to study the best and most scalable businesses that are trading at premium valuations. Then we wait for sentiment to change and an opportunity to become a co-owner at a reasonable price. Our companies should at least double their intrinsic value over a period of five years.    

A Value-oriented Ecosystem

We study companies from the perspective of an entrepreneur and owner. Our investors don’t invest in the ‘stock market’ but in several businesses.

Co-ownership

We own stakes in several companies that we know well and are being run by integer people. As kids we already understood that to be among the Forbes-400 you either have to start a business or participate in the success of one. You don’t get there by looking at graphs or worrying about macroeconomics.

Owner-operators

Most of our companies are led by an owner-CEO who has a long-term mission and track record of being an excellent operator and capital allocator. Basically, these operators are the managers of our capital.

Purpose

We prefer to invest in companies that have a clear purpose solving a problem in society and thereby deserve to succeed.

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The Guardian Team

Georg Krijgh

MANAGInG PARTNER

After finishing the Johan van Oldenbarnevelt Gymnasium in Amersfoort, Georg’s undergraduate studies, with a major in physics, were completed at the University College Utrecht and at the University of California, Berkeley, followed by a Master’s degree in economics and finance from the Erasmus University in Rotterdam.

Between 2007 and 2010, he worked as an equity analyst at Rabobank covering banks and insurance companies. In 2010, Georg founded the Guardian Fund to focus on his passion to participate in the success of businesses.

Martin Krijgh

MANAGING PARTNER

Martin holds Master’s degrees in law from the University of Amsterdam and Georgetown University. After his studies he worked for five years as a corporate lawyer specialized in mergers and acquisitions at De Brauw Blackstone Westbroek, a leading Dutch law firm. Then, he worked for three years in ABN AMRO Bank’s corporate finance team.

In 2018, Martin joined the Guardian Fund to focus on investing and to support and scale young businesses.

Seth Lowry

SENIOR ANALYST

Seth graduated from the University of Colorado with a specialization in finance. His career began in 2007 at Merrill Lynch where he spent three years covering Freight Transportation as an equity analyst.  Subsequently, he spent two years within Merrill Lynch’s investment banking division in which he advised Energy and Natural Resources companies on capital raising and M&A.

From 2011 to 2014, Seth re-joined a former colleague to cover the Transportation sector in Citibank’s equity research department.  After leaving Wall Street in 2015, Seth committed himself to Value investing.  He is firmly dedicated to Value Investing doctrine, particularly in approaching stocks like owning long-term, private businesses.  At the Guardian Fund, Seth plays a valuable role in investment research and due diligence.

Seth Lowry

SENIOR ANALYST

Seth graduated from the University of Colorado with a specialization in finance. His career began in 2007 at Merrill Lynch where he spent three years covering Freight Transportation as an equity analyst.  Subsequently, he spent two years within Merrill Lynch’s investment banking division in which he advised Energy and Natural Resources companies on capital raising and M&A.

From 2011 to 2014, Seth re-joined a former colleague to cover the Transportation sector in Citibank’s equity research department.  After leaving Wall Street in 2015, Seth committed himself to Value investing.  He is firmly dedicated to Value Investing doctrine, particularly in approaching stocks like owning long-term, private businesses.  At the Guardian Fund, Seth plays a valuable role in investment research and due diligence.

If you’re not willing to react with equanimity to a market price decline of 50% two or three times a century you’re not fit to be a common shareholder, and you deserve the mediocre result you’re going to get compared to the people who can be more philosophical about these market fluctuations.”

Charlie Munger

It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”

Warren Buffett

“Life’s too short to hang out with people who aren’t resourceful.”

Jeff Bezos

“The extreme human temptation to compromise on hiring is one of the main entropic forces conspiring to ensure that great companies rarely stay that way.”

Patrick Collison