Our Family of Companies
western & southern financial group
western & southern life
columbus life insurance company
eagle realty group
fort washington investment advisors
gerber life insurance
integrity life insurance company
lafayette life insurance company
national integrity life insurance company
touchstone investments
western & southern financial group distributors
private equity approach

Private Equity Approach

FW Capital seeks to use a rigorous and disciplined investment process to implement its investment strategy. The process is segmented into four fundamental stages: (i) investment theme development, (ii) fund landscape assessment, (iii) fund selection, and (iv) portfolio management.
investment theme development

Investment Theme Development

  • Flexible approach to market opportunities
  • Leverage market insights
  • Limited market timing; focus on long cycle or secular trends
Fund Landscape Assessment

Fund Landscape Assessment

  • Proactive and outbound sourcing effort
  • ~20-50 funds within each sector
  • Patience to wait for the right fund
  • Continuous process - revisit and reassess
Fund Selection

Fund Selection

  • Differentiation - manager value add
  • Investment judgement
  • Alignment of interests
  • Less reliance on leverage
  • Capital preservation
  • Avoid herd mentality
Portfolio Management

Portfolio Management

  • Prudent portfolio diversification and allocation
  • Seek balance across vintage year, strategy, and industry
  • Portfolio of ~25 funds over ~ 3 vintage years (7-9 funds per year)
  • Seeks to be well diversified across strategies and sectors
  • ~25% of portfolio non-U.S.; ~25% in secondaries and direct investments


Our philosophical foundation underpins a commitment to an approach that we believe can create repeatable outcomes for our limited partners.
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Our team of experienced professionals has both diverse and unique backgrounds. 
Explore Investment Team

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This is a simplified representation of a complex process and steps may be modified, omitted, re-ordered, or supplemented in actual investment approach and process.