Disciplined. Patient. Principled.
A long-term value partnership where the fund manager invests nearly
100% of his liquid net worth alongside yours
WHAT WE DO
We buy great businesses at bargain prices — and we wait.
Deliverance Capital is an investment partnership that typically invests in only a few great companies. The companies we invest in have an uncommon set of characteristics we look for: strong competitive moat, excellent management, long-term growth power, and they must be available at a significant discount to intrinsic value, so we get an automatic margin of safety in each investment.
WHY WE’RE DIFFERENT
Philosophy
We follow a long-term value investing philosophy. We don’t follow conventional wisdom just because it’s conventional. We think for ourselves and rely on our facts and reasoning. We don’t allow the market to instruct us; we instead allow it to serve us.
Fees
Typical industry standard management and performance fees tend to be around 2% and 20%, respectively (e.g. “2 and 20”). We are not typical. Our form and mentality is partnership. The partnership is designed so that the manager does well if he delivers for his partners.
The manager has invested nearly all of his liquid net worth in the Partnership, excluding his primary family residence.
About The Manager
Oz Escutia spent a decade as a corporate accountant before launching Deliverance Capital. That background gave him something most fund managers don’t have: the ability to read financial statements the way they were meant to be read — not as marketing documents, but as the actual scorecard of a business.
In 2010, he discovered Warren Buffett, and spent the next fifteen years studying everything Buffett wrote or said about investing — then built Deliverance Capital around his principles.
Oz holds a B.S. in accounting from the University of Oregon, magna cum laude. He lives in the Portland area with his wife and children. Nearly 100% of his family’s liquid net worth, excluding their primary residence, is invested in the Partnership.
“I can’t promise results. But I can show you my commitment — my wife, our children, and I have virtually our entire liquid net worth invested in this partnership, right alongside yours.”
How We Think
We buy businesses, not stock symbols. Every investment evaluation starts with a simple question: do we understand this company well enough to own it for years?
If yes, we dig in. We read every SEC filing. We look for a business with a durable competitive advantage — a company that should be worth much more five years from now than it is today. When we find it, if it is trading at a real discount to its intrinsic value, we invest it in, knowing that we have a margin of safety in the investment.
Then we wait. We don’t react to headlines. We hold until either the market recognizes the company’s value or something fundamentally changes in the business, or we find an even more attractive business.
This process isn’t exciting. It’s designed not to be. The returns come from discipline, patience, and steadiness – not activity.
When the market isn't giving us bargains, we don't sit idle
There are stretches — sometimes long ones — where great businesses simply aren’t available at prices that meet our standards. Rather than lower our standards or chase overvalued stocks, we put our capital to work in a different way.
The fund selectively invests in merger arbitrage opportunities: situations where one company has agreed to acquire another at a specific price, but the target’s stock still trades at a discount to that price. We capture that spread. These positions are short-duration, uncorrelated to market direction, and subject to our criteria: definitive agreements are in place and they offer attractive risk-adjusted returns.
It’s not our core strategy. It’s what we do to stay productive while we wait for the next great long-term opportunity.
NEXT STEPS
Interested in learning more?
Detailed fund terms, offering documents, and performance information are available after an introductory conversation.
Oz Escutia | Founder & CIO
5200 SW Meadows Road, Suite 150
Lake Oswego, OR 97035
503-726-5989
oz@deliverancecapitalmgmt.com
deliverancecapitalmgmt.com
NEXT STEPS
Interested in learning more?
Detailed fund terms, offering documents, and performance information may be available after an introductory conversation.
Oz Escutia | Founder & CIO
5200 SW Meadows Road, Suite 150
Lake Oswego, OR 97035
503-726-5989
oz@deliverancecapitalmgmt.com
deliverancecapitalmgmt.com