Tensile’s Hybrid Class is invested in a concentrated portfolio of the same public securities as Tensile’s Public Class. In addition, up to 50% of NAV can also be invested in private investments. Currently, private investments represent 35% of Hybrid class. For public class investments, Tensile employs an opportunistic value approach to investing in equities, using a rigorous fundamentals-based, research-driven investment process, while actively collaborating with management teams and bo