SolPats
Organization
A common shorthand for Washington H. Soul Pattinson and Company Limited, an Australian listed investment company with a permanent-capital approach.
What experts have said about SolPats
16 statements · 13 positive · 3 neutral
SolPats invests patiently, with a disciplined long-term approach.
“We are patient, long-term, disciplined investors.”
Open the episode · A century of compounding: inside Soul Patts' permanent capital with Todd BarlowListen at 5:52
SolPats seeks portfolio assets that protect capital during downturns.
“We're looking for a portfolio that has defensive qualities, so it protects capital in downtimes.”
Open the episode · A century of compounding: inside Soul Patts' permanent capital with Todd BarlowListen at 6:16
SolPats has increased its dividend annually for 27 years.
“in the last 27 years, we've been growing the dividend every year”
Open the episode · A century of compounding: inside Soul Patts' permanent capital with Todd BarlowListen at 7:07
SolPats dividend compound annual growth exceeded 10% over 27 years.
“in the last 27 years, the compound annual growth rate's been over 10%.”
Open the episode · A century of compounding: inside Soul Patts' permanent capital with Todd BarlowListen at 7:15
SolPats aims to continue increasing its dividend.
“our strategy is to aim to continue to grow the dividend.”
Open the episode · A century of compounding: inside Soul Patts' permanent capital with Todd BarlowListen at 8:15
SolPats distributes approximately 75% of generated cash as dividends.
“we're paying out about 75% of the cash that we generate.”
Open the episode · A century of compounding: inside Soul Patts' permanent capital with Todd BarlowListen at 8:28
SolPats’ permanent capital structure avoids redemption risk and liquidity needs.
“we don't have any redemption risk. We don't have liquidity needs”
Open the episode · A century of compounding: inside Soul Patts' permanent capital with Todd BarlowListen at 9:54
Permanent capital enables SolPats to pursue illiquidity premiums and long-term investments.
“we can take long-term views, we can capture that premium for illiquidity”
Open the episode · A century of compounding: inside Soul Patts' permanent capital with Todd BarlowListen at 10:41
SolPats allocates capital opportunistically as investment opportunities change.
“we go where the opportunities are and that evolves over time.”
Open the episode · A century of compounding: inside Soul Patts' permanent capital with Todd BarlowListen at 12:11
SolPats’ portfolio is regenerated as superior investment ideas displace existing holdings.
“the best ideas win out. So you get this nice healthy regeneration of the portfolio.”
Open the episode · A century of compounding: inside Soul Patts' permanent capital with Todd BarlowListen at 13:44
SolPats uses underlying equity as a buffer and margin of safety in private credit.
“we think about the equity as being the buffer or the margin of safety.”
Open the episode · A century of compounding: inside Soul Patts' permanent capital with Todd BarlowListen at 18:08
SolPats’ private-credit portfolio returned 13–14% annually over four or five years.
“Our portfolio's been doing 13 to 14% returns for the last 4 or 5 years”
Open the episode · A century of compounding: inside Soul Patts' permanent capital with Todd BarlowListen at 18:55
SolPats holds just under $3 billion in cash.
“cash has certainly increased a lot. I mean, we're sitting on about just shy of $3 billion in cash at the moment.”
Open the episode · A century of compounding: inside Soul Patts' permanent capital with Todd BarlowListen at 21:31
Cash represents approximately 20% of SolPats’ total portfolio.
“About 20%.”
Open the episode · A century of compounding: inside Soul Patts' permanent capital with Todd BarlowListen at 21:40
Liquidity enables SolPats to buy equities after market selloffs make them cheap.
“it'll be the liquidity that gives us the opportunity to strike when things get sold off and become really cheap.”
Open the episode · A century of compounding: inside Soul Patts' permanent capital with Todd BarlowListen at 22:54
SolPats’ industrial property asset class generated approximately 20% IRR for 15–20 years.
“It was probably a 20% IRR asset class for 15 to 20 years.”
Open the episode · A century of compounding: inside Soul Patts' permanent capital with Todd BarlowListen at 28:19
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
