While House Mountain cannot compete effectively against institutional capital and its resources for their targeted deal profiles House Mountain is able to offer outsized risk-adjusted returns from investments that are undervalued, overly discounted or prohibited entirely by institutional capital.  Institutional capital has a pack mentality and tends to flock together.  House Mountain’s investment strategy is simple and fluid, but holds true to the mantra of cutting across the institutional capital grain to identify opportunity through emerging product types, exploiting mis-perceived risk or simply assets that are significantly undervalued or even forbidden due to scale or because of irrational mandates.