Identifying Quality
Through purpose-built investment research
About
New West Capital is an independent, research-driven investment firm. We are not typical Quality investors, our process is overwhelmingly quantitative and backed by purpose-built research infrastructure that goes beyond the qualitative features the Quality investing crowd often prioritizes.
Philosophy
The Case for Quantitative Quality
Most Quality investors evaluate companies through a qualitative lens — management conversations, competitive narratives, industry positioning, etc. We evaluate the financials. If a business is genuinely exceptional, it will be reflected there. Returns on capital, reinvestment rates, margin structure, and the trajectory of those metrics over time tell a more reliable story than any management team or sell-side report could.
What we are looking for is specific. Businesses that earn high returns on the capital they deploy, that can reinvest those returns at attractive rates without destroying the economics that generated them, and whose financial characteristics are structural rather than cyclical. These are features of a business that is genuinely difficult to replicate, not a favorable environment or a well-told story.
Across market cycles this differentiation matters. There are many ways to make money, but only one way to grow a company. And that is, it must consistently earn more money than it costs to build and maintain itself. CoreQ™ was built to systematically identify the businesses that do this by evaluating companies across the dimensions we believe matter most - the economics of how a business earns, the efficiency with which it allocates capital, and the structural integrity of its competitive position. The result is a framework that tells us not just whether a business looks good today, but whether it is built to stay that way.
This is Quality investing as a discipline. Not “quality” as a vague label.
Founder
Kyle Tushaus, CFA
Founder & Managing Partner
Kyle founded New West Capital to apply a private market analysis to public equity investing — focusing on the fundamental characteristics that make businesses durable and valuable across full market cycles.
Kyle began his career as an operations engineer in the energy industry, where long duration capital allocation and asset level economics shaped his approach to evaluating businesses. He transitioned into finance through private markets, working for family offices on direct investments that demanded first principles underwriting and a deep understanding of how a business earns and compounds.
That combination of engineering rigor and private market depth is the foundation of New West Capital. Kyle is a Chartered Financial Analyst and holds a B.S. in Mechanical Engineering and a B.S. in Finance from the University of Kansas. He lives primarily in Lisbon with his wife and daughter and splits professional time between the Lisbon and Chicago offices.