Alignment should be designed before the relationship is tested.

What this means at Azari Capital

Azari Capital treats investment partnerships as governance relationships as well as commercial ones.

Where a partner relationship touches another Azari company, that connection should be transparent about which entity is responsible and what the strategic logic actually is.

What we examine

The review focuses on define what each party contributes beyond capital; plan for disagreement, deadlock and future funding before they become urgent; and keep asset-level management authority clear enough for accountability before capital is committed.

• Define what each party contributes beyond capital
• Plan for disagreement, deadlock and future funding before they become urgent
• Keep asset-level management authority clear enough for accountability

Downside and failure modes

The risk is a relationship that only works while incentives and market conditions remain perfectly aligned.

Governance and ownership

Information rights, conflicts, exclusivity, exit and changes in strategy should be addressed in proportion to the importance of the relationship.

Where it connects to the Azari group

Operating knowledge from elsewhere in the Azari group can sharpen diligence, but it does not replace independent underwriting. Any relationship with another Azari company is assessed on its own economics, risks, governance and conflicts.

What a strong outcome looks like

A good partnership expands capability or access without creating unnecessary dependency.