Permian Investment Partners is founded by Alex Duran, Scott Hendrickson, and Cara Goldenberg in 2008 with backing from Privet Capital. Cara Goldenberg left her role in 2012 to pursue other career opportunities. Scott Hendrickson graduated from Columbia Business School in 2007. According to Permian Investment Partners’ website “the company’s investment philosophy is to target absolute returns across market cycles through the implementation of a Western European-focused, value-oriented and event-driven equity long/short strategy”. Alex Duran and Scott Hendrickson try to identify long-term investment ideas by searching for companies with high level management changes that have the potential to increase free cash flow significantly.