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  <url>
    <loc>https://www.kahopartners.com/writings</loc>
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    <lastmod>2020-07-23</lastmod>
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  <url>
    <loc>https://www.kahopartners.com/writings/valuation-demystified-part-1-8s86x</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2021-09-29</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1595547914402-UDFS9WQFLD09NL6KW3FT/Valuation+-+S%26P+500+PE.PNG</image:loc>
      <image:title>Writings - Valuation, Demystified - Part 2</image:title>
      <image:caption>Source: Standard &amp; Poor’s and Yardeni Research</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1595548488223-QUS9P1LDSPJ9CIRP2B8I/Valuation+-+S%26P+500+ROE.png</image:loc>
      <image:title>Writings - Valuation, Demystified - Part 2</image:title>
      <image:caption>Source: Standard &amp; Poor’s and Semper Augustus Investment Group</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1595550005311-QGHQ45L3FXOMRWHJ0ZNH/Valuation%2B-%2BGDP%2Bvs.%2BRevenue.jpg</image:loc>
      <image:title>Writings - Valuation, Demystified - Part 2</image:title>
      <image:caption>Source: Credit Suisse</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1595628452634-MRY6ZG9495WMKNHFGP60/Valuation+-+Multiples+given+Growth+x+ROE.png</image:loc>
      <image:title>Writings - Valuation, Demystified - Part 2</image:title>
      <image:caption>Source: Kaho Partners</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kahopartners.com/writings/valuation-demystified-part-1-ewj24</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2021-09-29</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1595867825419-OPI9MMNAFNA738YJZ4KG/Valuation+-+Formular.png</image:loc>
      <image:title>Writings - Valuation, Demystified - Part 1</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1595544287223-WYE78YS15NL6LO8IVFFX/Valuation+-+Price+x+ROE.png</image:loc>
      <image:title>Writings - Valuation, Demystified - Part 1</image:title>
      <image:caption>Source: Kaho Partners</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kahopartners.com/writings/some-scattered-thoughts-on-covid-19-m5j3a-d9jdd</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2020-04-18</lastmod>
    <image:image>
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      <image:title>Writings - Why the Impact of COVID-19 is so Difficult to Forecast</image:title>
      <image:caption>Source: Kaho Partners</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1586529218329-YCJ706UIS8J0KVULBJTT/Global%2BAir%2BTraffic.jpg</image:loc>
      <image:title>Writings - Why the Impact of COVID-19 is so Difficult to Forecast</image:title>
      <image:caption>Source: International Air Transport Association</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kahopartners.com/writings/to-infinity-and-beyond-part-2-f54f6-ydtxm</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2021-09-29</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1576860849742-G04KAX4JE7DEJ3NFIDWU/Returns+at+Different+Reinvestment+Interest+Rates.png</image:loc>
      <image:title>Writings - To Infinity and Beyond - Part 3</image:title>
      <image:caption>Source: Kaho Partners</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1570821160462-4KUC30YZ8MXXN0F32EC5/Friction+Costs.png</image:loc>
      <image:title>Writings - To Infinity and Beyond - Part 3</image:title>
      <image:caption>Source: Kaho Partners</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1570821514846-KEGKH43K4WDK4IE651OW/Sponsor+sales.png</image:loc>
      <image:title>Writings - To Infinity and Beyond - Part 3</image:title>
      <image:caption>Source: Prequin</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1570821753699-V4QB44URDTBEU253OVH7/IBM+Wal-Mart.png</image:loc>
      <image:title>Writings - To Infinity and Beyond - Part 3</image:title>
      <image:caption>Source: Kaho Partners</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kahopartners.com/writings/to-infinity-and-beyond-part-2-3s5n3-fykwb</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2021-09-29</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1571416373426-05IGI7SWDPBU1SZ6P2LA/Equity+Yield+Curve.png</image:loc>
      <image:title>Writings - To Infinity and Beyond - Part 2</image:title>
      <image:caption>Source: Kaho Partners</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1571409579449-AWOZVDSB2N63D51ZGCE2/52-Week+High+and+Low.png</image:loc>
      <image:title>Writings - To Infinity and Beyond - Part 2</image:title>
      <image:caption>Source: Saber Capital Management, LLC</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1570820154807-DBLT4Y6BIDS248SF1TTC/Mutual+Fund+Performance.png</image:loc>
      <image:title>Writings - To Infinity and Beyond - Part 2</image:title>
      <image:caption>Source: Davis Advisors</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1570820249691-2QLF10BRRET9ORK1D3RE/Ruane.png</image:loc>
      <image:title>Writings - To Infinity and Beyond - Part 2</image:title>
      <image:caption>Source: Ruane, Cunniff &amp; Goldfarb</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1570820461392-4SHPYO6YGOBT7E3I3GX3/IRR.png</image:loc>
      <image:title>Writings - To Infinity and Beyond - Part 2</image:title>
      <image:caption>Source: Kaho Partners</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1570820566632-HNBLJYS7FKP7YHIN1BNO/Exit+Multiple+Table.png</image:loc>
      <image:title>Writings - To Infinity and Beyond - Part 2</image:title>
      <image:caption>Source: Kaho Partners</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kahopartners.com/writings/long-term-part-1-ezmnx</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2019-10-14</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1570818516944-VOI1UXKPKNZU8FSU842Y/NYSE%2BHolding%2BPeriod.jpg</image:loc>
      <image:title>Writings - To Infinity and Beyond - Part 1</image:title>
      <image:caption>Source: Ned Davis Research</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1570817538859-F6BR5YJRIIKKZN76NAUD/PE+Holding+Periods.png</image:loc>
      <image:title>Writings - To Infinity and Beyond - Part 1</image:title>
      <image:caption>Source: Private Equity Info.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kahopartners.com/writings/all-about-that-base-rate-wbg3t</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2019-07-24</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1562098312438-O8JLTHV90DKM5QJUFLMR/Survival+Rates.png</image:loc>
      <image:title>Writings - All About That Base (Rate)</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1562102282800-DLFKCFLTZLZU6WRDX9TJ/CFROI+by+industry.png</image:loc>
      <image:title>Writings - All About That Base (Rate)</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1562102341335-YQJ385CQY7JEUIRO0T1U/CFROI+Correlation+Coefficients.png</image:loc>
      <image:title>Writings - All About That Base (Rate)</image:title>
    </image:image>
  </url>
  <url>
    <loc>https://www.kahopartners.com/writings/doespurchasepricereallymatter</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2021-09-29</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1559787071917-I1FU8HSRJ95J47FPWM4M/PE%252Bvs.%252BReturns.jpg</image:loc>
      <image:title>Writings - Does Purchase Price Really Matter?</image:title>
      <image:caption>Source: Yale, Of Dollars and Data</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1559785020753-TA2T1RW7JAEEMJOJXXQQ/Vanguard+PE.png</image:loc>
      <image:title>Writings - Does Purchase Price Really Matter?</image:title>
      <image:caption>Source: Vanguard</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1559785639305-PG72Q5A4I1OO31CEDROP/CalPERS+1.png</image:loc>
      <image:title>Writings - Does Purchase Price Really Matter?</image:title>
      <image:caption>Source: CalPERS, Kaho Partners</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1559785947550-MFAZCR04IN5S4YMOJRYC/CalPERS+2.png</image:loc>
      <image:title>Writings - Does Purchase Price Really Matter?</image:title>
      <image:caption>Source: CalPERS, Kaho Partners</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1559786118170-9IJIHYSRVM8CWOYGG27K/AQR.jpg</image:loc>
      <image:title>Writings - Does Purchase Price Really Matter?</image:title>
      <image:caption>Source: AQR</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1559786176785-9THB26515YB9C9WTQO8P/AQR.jpg</image:loc>
      <image:title>Writings - Does Purchase Price Really Matter?</image:title>
      <image:caption>Source: AQR</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1559786304509-N57RA7994C8QJ8JHAC5B/EV.EBITDA+and+Market+Cap.Cash+Flow+Table.png</image:loc>
      <image:title>Writings - Does Purchase Price Really Matter?</image:title>
      <image:caption>Source: Kaho Partners</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1559786368480-HH5QDQ4KCOOTCJ6B8DLG/EV.EBITDA+and+Market+Cap.Cash+Flow+Chart.png</image:loc>
      <image:title>Writings - Does Purchase Price Really Matter?</image:title>
      <image:caption>Source: Kaho Partners</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kahopartners.com/writings/why-we-avoid-technology</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2021-09-29</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1559513872032-13SJXJLR1LTN79ZSEKS3/Product+Life+Cycle.png</image:loc>
      <image:title>Writings - Why We Avoid Technology-Based Businesses</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1559514043556-M6C0JJV029RKGQZLCINZ/Technology+Life+Cycle.png</image:loc>
      <image:title>Writings - Why We Avoid Technology-Based Businesses</image:title>
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  <url>
    <loc>https://www.kahopartners.com/home</loc>
    <changefreq>daily</changefreq>
    <priority>1.0</priority>
    <lastmod>2026-03-12</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1665703733003-667JXCRS46Q5KSYZTSXY/Blue+Background.jpg</image:loc>
      <image:title>Home</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1715465096776-01Y0N4XF93H8W71SJZ16/Website+-+Addtronics+Tile+%28No+Logo%29+-+2024.jpg</image:loc>
      <image:title>Home</image:title>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/75b12bca-1e66-4e48-933e-fe62fa68f3e3/Website+-+Addtronics+Tile+-+2024.jpg</image:loc>
      <image:title>Home - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/fe8902ea-be2b-43d2-92c5-dc44ea323083/Website+-+POl+Tile+2+-+2024.jpg</image:loc>
      <image:title>Home - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/3ce22bcf-07a6-4032-9bb4-3cc2cb38b059/Website+-+KGP+Tile+%28Realized%29+-+2024.jpg</image:loc>
      <image:title>Home</image:title>
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  </url>
  <url>
    <loc>https://www.kahopartners.com/premier-outdoor-living</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2024-05-15</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1715466588729-BCPFRE3M9BRPBRAG7TRP/Website+-+POl+Tile+2+%28No+Logo%29+-+2024.jpg</image:loc>
      <image:title>Premier Outdoor Living</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1632877841870-M3L3F4XK11P7Q7RC51I1/POL+-+White.png</image:loc>
      <image:title>Premier Outdoor Living - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1632877745258-C70XY6VMFGKRIOB0R4Y6/Highwood+-+White.png</image:loc>
      <image:title>Premier Outdoor Living - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/7a0c3bb6-3a53-4586-84bb-d59f828303bc/RPI+Logo+New.png</image:loc>
      <image:title>Premier Outdoor Living - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kahopartners.com/kennysgreatpies</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2024-05-15</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1715466773078-NW0STHHE3LD1C6P4DX1N/Website+-+KGP+Tile+%28No+Logo%29+-+2024.jpg</image:loc>
      <image:title>Kenny's Great Pies</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1632879139667-E9B8XJ7SZQ94I11QMRSJ/KGP+-+White.png</image:loc>
      <image:title>Kenny's Great Pies - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kahopartners.com/northamericanmanufacturing</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2024-05-15</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1715467479373-NLUT612QC2OSW7JARI4E/Website+-+NAM+Tile+%28No+Logo%29+-+2024.jpg</image:loc>
      <image:title>North American Manufacturing</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1632880843606-8KK5TEG65HGR4RWM20IV/NAM+-+White.png</image:loc>
      <image:title>North American Manufacturing - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.kahopartners.com/build</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2024-05-15</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1715465199270-TSDW2UZEJ7SSO7ZP3YFC/Website+-+NAM+Tile+%28No+Logo%29+-+2024.jpg</image:loc>
      <image:title>Build</image:title>
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  </url>
  <url>
    <loc>https://www.kahopartners.com/great</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2026-03-13</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1715466471255-RIBZ8OGMRKPYEX7U2Y69/Website+-+POl+Tile+2+%28No+Logo%29+-+2024.jpg</image:loc>
      <image:title>Great</image:title>
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  </url>
  <url>
    <loc>https://www.kahopartners.com/wee</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2026-03-12</lastmod>
  </url>
  <url>
    <loc>https://www.kahopartners.com/projectautomation</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2025-06-07</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1715467507443-OM2KUS65VYCMRRXBE8TH/Website+-+Addtronics+Tile+%28No+Logo%29+-+2024.jpg</image:loc>
      <image:title>Addtronics</image:title>
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    <image:image>
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      <image:title>Addtronics - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
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      <image:title>Addtronics - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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    <image:image>
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      <image:title>Addtronics - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
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      <image:title>Addtronics - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/ff079a26-c151-4db6-b274-1db94eb09fde/bow-robotics.png</image:loc>
      <image:title>Addtronics - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/9be2dc33-fa7a-4435-8791-ab10d9adc0ab/colonar-logo-allwhite-768x259.png</image:loc>
      <image:title>Addtronics - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/39156fb1-6dd5-407b-8a65-e56d7ac98d72/Sirius+Logo.png</image:loc>
      <image:title>Addtronics - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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  <url>
    <loc>https://www.kahopartners.com/globalflavorsgroup</loc>
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      <image:title>Global Flavors Group</image:title>
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      <image:title>Global Flavors Group - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:title>Home</image:title>
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      <image:title>Home</image:title>
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      <image:title>Home</image:title>
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  <url>
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      <image:title>Investment Criteria - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1632841905991-1KP1PN5J5SST2GY1QOYJ/EBITDA.png</image:loc>
      <image:title>Investment Criteria - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1632842032850-7BS7B40D46A1X9GFVJ3X/Location.png</image:loc>
      <image:title>Investment Criteria - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1632842499591-58ZOAEA1QFITLVI12RWH/Pie.png</image:loc>
      <image:title>Investment Criteria - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1632842211045-ERUHC2QOHATR87C53F1I/EBITDA.png</image:loc>
      <image:title>Investment Criteria - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1632842243540-HOCQ4C128781RK90DWMZ/Location.png</image:loc>
      <image:title>Investment Criteria - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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  <url>
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      <image:title>Our Team - Griffin Horter, Managing Partner</image:title>
      <image:caption>Griffin has spent his professional career advising and investing in founder-owned small businesses in the manufacturing, technology, and services industries. He has worked in investment banking and later worked as a private equity investor at Inverness Graham Investments, where he evaluated investment opportunities and provided support for the fund’s portfolio. Outside of Kaho Partners, Griffin serves in the Pennsylvania Army National Guard in the First Troop Philadelphia City Cavalry. Griffin graduated from the University of Virginia with a B.A. in Leadership and Public Policy from the Frank Batten School of Leadership and Public Policy and holds a second major in Economics.</image:caption>
    </image:image>
    <image:image>
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      <image:title>Our Team - Max Katzenstein, Managing Partner</image:title>
      <image:caption>Max has spent his professional career advising and investing in large public companies across a variety of industries. He started his career as an investment banker at Lazard and most recently worked as an investor at Kingdon Capital Management, a New York-based hedge fund. There he originated, researched, and monitored investments in public equities and corporate credit. Outside of Kaho Partners, Max enjoys playing soccer, going to concerts, and traveling with his wife, Alex. Max graduated from the University of Virginia with a B.S. in Commerce from the McIntire School of Commerce and holds a second major in Politics.</image:caption>
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    <image:image>
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      <image:title>Our Team</image:title>
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    <image:image>
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      <image:title>Our Team</image:title>
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    <image:image>
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      <image:title>Our Team</image:title>
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    <image:image>
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      <image:title>Our Team</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1601504171738-ZQX0NGO0QRAWGVJRJFUZ/Dathel.jpg</image:loc>
      <image:title>Our Team</image:title>
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    <image:image>
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    <image:image>
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      <image:title>Our Team</image:title>
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      <image:title>Our Team</image:title>
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    <image:image>
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      <image:title>Our Team</image:title>
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    <image:image>
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    <image:image>
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      <image:title>Our Team</image:title>
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      <image:title>Our Team</image:title>
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    <image:image>
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      <image:title>Our Team</image:title>
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      <image:title>About Us</image:title>
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    <image:image>
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      <image:title>About Us - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
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      <image:title>About Us - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
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      <image:title>About Us - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
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      <image:title>About Us - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
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  <url>
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    <lastmod>2020-04-21</lastmod>
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  <url>
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    <priority>0.75</priority>
    <lastmod>2021-09-28</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1630695327534-XXHY290D7GHOSOD8MRKI/Website+-+B%26W+Logo+-+KGP.jpg</image:loc>
      <image:title>Our Portfolio</image:title>
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    <image:image>
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      <image:title>Our Portfolio - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1630695132264-HYP1JLF89SN3XEOEGUO5/Website+-+B%26W+Logo+-+NAM.jpg</image:loc>
      <image:title>Our Portfolio</image:title>
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    <image:image>
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      <image:title>Our Portfolio</image:title>
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  <url>
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      <image:title>Feature</image:title>
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      <image:title>Feature</image:title>
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      <image:title>Companies - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
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      <image:title>Investment Criteria - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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    <image:image>
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      <image:title>Investment Criteria - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1632882856347-OZFP1ILG0BA1C1LX8DDE/EBITDA.png</image:loc>
      <image:title>Investment Criteria - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1632882861314-6V6SMPRY0WX2PIRFZA92/Location.png</image:loc>
      <image:title>Investment Criteria - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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    <image:image>
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      <image:title>Investment Criteria - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:title>Operating Advisors - Make it stand out</image:title>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/33dc4491-429a-436a-a467-994b5df7a06b/Chad.jpg</image:loc>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/a8752724-f8d4-4fca-80fd-af3d5d9b58c1/Jim.jpg</image:loc>
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    <image:image>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/77e53047-f636-4d75-a7a8-19010a7afbac/Fernando.jpg</image:loc>
      <image:title>Operating Advisors - Make it stand out</image:title>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/09bf6cac-a748-429e-9d26-373d5cbb024c/David.jpg</image:loc>
      <image:title>Operating Advisors - Make it stand out</image:title>
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    <image:image>
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    <image:image>
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    <image:image>
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    <image:image>
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      <image:title>Operating Advisors - Make it stand out</image:title>
      <image:caption>Stephen Schlecht Supply Chain, PepsiCo</image:caption>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/ab91f03e-3202-408a-92a5-c835bcc7bd79/Jack.jpg</image:loc>
      <image:title>Operating Advisors - Make it stand out</image:title>
      <image:caption>Nick Kalathas Former Commander, CENTCOM Contracting</image:caption>
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    <image:image>
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      <image:title>Operating Advisors - Make it stand out</image:title>
      <image:caption>Jack Tomarchio Former Principal Deputy Assistant Secretary, Homeland Security</image:caption>
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    <image:image>
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    <image:image>
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      <image:title>Operating Advisors - Make it stand out</image:title>
      <image:caption>Coretha Rushing Chief Human Resources Officer, Equifax</image:caption>
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    <image:image>
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      <image:title>Operating Advisors - Make it stand out</image:title>
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    <image:image>
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      <image:title>Operating Advisors - Make it stand out</image:title>
      <image:caption>Alissa Moody Partner, JM Search</image:caption>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/08ed94e0-4e8b-4909-9e17-38955d4c6089/Chelsea.jpg</image:loc>
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      <image:caption>Chelsea Mandel SVP, STREAM Capital Partners</image:caption>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/2c7cc51f-cd0f-4bae-86f3-d640dd839241/Adam.jpg</image:loc>
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      <image:caption>Adam Proehl Co-Founder, NordicClick</image:caption>
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    <image:image>
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      <image:caption>Alex Novak Founder, PatientUp</image:caption>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/d33aed0f-b4a3-439a-8e11-cd4a9cdd3924/Nick+P.jpg</image:loc>
      <image:title>Operating Advisors - Make it stand out</image:title>
      <image:caption>Nick Pearson Director, Altus Corporate Risk</image:caption>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/06842f9e-9eb9-4b35-a044-654dce2196e3/Evan.jpg</image:loc>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/5bbfa9ae-2dd5-4ce5-ac82-cb488f6ed03d/Ben.jpg</image:loc>
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      <image:caption>Ben Dobson Consultant, NFP</image:caption>
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      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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    <image:image>
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      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/aa7b9556-1d6e-498e-946f-e7939271574c/Location.png</image:loc>
      <image:title>Griffin - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/28d0e01e-63b5-46f0-ac1c-6d17eca538d0/Family.png</image:loc>
      <image:title>Griffin - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/0fcaa024-b54b-4624-b7cb-649335b13b2d/Football.png</image:loc>
      <image:title>Griffin - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/ccd725a8-4eb3-4eab-966c-9e798719e9e2/Email.png</image:loc>
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      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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    <image:image>
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      <image:title>Griffin - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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    <loc>https://www.kahopartners.com/max</loc>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/b378626a-7546-4cc5-acf0-a9babc000462/Bank.png</image:loc>
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      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/c394ff43-92ac-4083-aea1-f243a4a26b40/School.png</image:loc>
      <image:title>Max - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/aa7b9556-1d6e-498e-946f-e7939271574c/Location.png</image:loc>
      <image:title>Max - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/28d0e01e-63b5-46f0-ac1c-6d17eca538d0/Family.png</image:loc>
      <image:title>Max - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/0fcaa024-b54b-4624-b7cb-649335b13b2d/Football.png</image:loc>
      <image:title>Max - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/ccd725a8-4eb3-4eab-966c-9e798719e9e2/Email.png</image:loc>
      <image:title>Max - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/da3fd543-f9da-4a22-b55f-f94703af31f9/xmas+bw.jpg</image:loc>
      <image:title>Max - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:title>Our Priciples - Growth</image:title>
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    <image:image>
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      <image:title>Our Priciples - Industry Focus</image:title>
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    <image:image>
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      <image:title>Our Priciples - Concentration</image:title>
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      <image:title>Our Priciples - Long-Term</image:title>
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    <image:image>
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      <image:title>Our Priciples - Flexibility</image:title>
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      <image:title>Press - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/3f9e490c-be04-4d5b-be46-582c72c47f12/Website+-+GFG+Tile+-+2024.jpg</image:loc>
      <image:title>Press - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/33c2e7fc-3be5-41cb-bf3d-d3fe6c2b6865/Website+-+Addtronics+Tile+-+2024.jpg</image:loc>
      <image:title>Press - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/64af51e4-6105-4dd5-93f6-3a850b470ed3/Website+-+Addtronics+Tile+-+2024.jpg</image:loc>
      <image:title>Press - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/86f2fcf4-f2c7-4682-a029-ecd742d0ad1d/Website+-+KGP+Tile+-+2024.jpg</image:loc>
      <image:title>Press - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/1ed9ca3c-cffa-4e99-9c52-3ed6035c0cdb/Website+-+Addtronics+Tile+-+2024.jpg</image:loc>
      <image:title>Press - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/2e9cbf1a-c432-456a-88a6-f1d388597422/Website+-+Addtronics+Tile+-+2024.jpg</image:loc>
      <image:title>Press - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/55379f8b-bcde-47bb-a5a9-f055992d6c4b/Website+-+Addtronics+Tile+-+2024.jpg</image:loc>
      <image:title>Press - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
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      <image:title>Press - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/72b0827f-adfa-4e3a-bbca-d5447f51985d/Website+-+Addtronics+Tile+-+2024.jpg</image:loc>
      <image:title>Press - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c8bf382e8ba44a345c19792/5844bac3-7a5b-4d4a-b2dc-bcc622000c4f/Website+-+Addtronics+Tile+-+2024.jpg</image:loc>
      <image:title>Press - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
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      <image:title>Press - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:title>Press - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:title>Press - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:title>Press - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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  </url>
  <url>
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    <image:image>
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      <image:title>Location + Social</image:title>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5898b93886e6c0c6ce82f191/1492718600775-7V5G74DYT7T378NYQREH/09_20161004S1_BOUTIQUE_HOTEL_HASBROUCK_HOUSE_OUTDOOR_155.jpg</image:loc>
      <image:title>Location + Social</image:title>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5898b93886e6c0c6ce82f191/1493133672832-H45Y7E0JGLGD3UMGQEW6/20140302_Trade-151_0388-social.jpg</image:loc>
      <image:title>Location + Social</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5898b93886e6c0c6ce82f191/1492718571744-UTFGJUS02M9LUX7EV554/12_20161004S1_BOUTIQUE_HOTEL_HASBROUCK_HOUSE_PORCH_014.jpg</image:loc>
      <image:title>Location + Social</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5898b93886e6c0c6ce82f191/1492718585122-3BC69QX16AH4LURDBA4M/07_20161004S1_BOUTIQUE_HOTEL_HASBROUCK_HOUSE_ROOM_049.jpg</image:loc>
      <image:title>Location + Social</image:title>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5898b93886e6c0c6ce82f191/1493133672244-POU69ZZ6DF3AQTE5A7UO/20160927S1_CIRCLE_BLOG_072-social.jpg</image:loc>
      <image:title>Location + Social</image:title>
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