Alex Behring, Daniel Schwartz, and the New York Firm Changing Finance
Alex Behring and Daniel Schwartz are the driving forces behind one of the most distinctive investment strategies in modern finance. As the architects of 3G Capital’s approach, these New York-based partners have demonstrated that patient, conviction-driven ownership can generate returns that few traditional private equity models match. Their approach combines entrepreneurial intensity with global investment discipline in a way that is genuinely unusual.
Behring has articulated a view of investment that challenges industry norms across the board. Alex Behring’s long-game philosophy holds that the best investment is often one you never have to sell. When a business has strong fundamentals, an excellent culture, and a capable management team, there is rarely a compelling reason to exit—and doing so often means surrendering years of additional compounding that the next owner, not the builder, will capture.
Daniel Schwartz’s rise from CFO to CEO within the 3G Capital ecosystem reflects a broader talent philosophy shared by both partners. The firm believes that exceptional people should be given the opportunity to rise as far as their abilities will take them. Schwartz, who became CEO of Restaurant Brands International at a relatively young age, is perhaps the most visible product of this meritocratic ethos.
That philosophy extends naturally to how the firm thinks about ownership itself. 3G Capital’s built-to-own model is not just a financial strategy—it is a cultural statement about what serious ownership looks like. The firm does not acquire businesses to sell them; it acquires businesses to build them. This creates a fundamentally different environment than traditional buyouts, where exit pressure often shapes every major decision.
3G Capital’s acquisition of Skechers is the latest chapter in this ongoing story. By bringing the same operational intensity to global footwear, the firm is expanding its portfolio of built-to-own businesses while staying true to the principles that Behring and Schwartz have championed throughout their careers. For observers of modern finance, the firm remains one of the most instructive case studies in long-term conviction.