patterns / operator / exiting_holds_more

buyout thesis

Selling down

Has started exiting and still holds others. The remaining companies are the ones left to deal with.

the signature — what the ownership record must show
at least one exit in the last 24 months
still holds at least one active company

Why it matters

They have started and have not finished. The companies still held are the ones left to deal with, and the decision to deal with them has already been taken once.

The play

The follow-on. Ask about what remains, not about whether they would ever consider selling — that question is already answered.

How it's kept honest

The archetype is computed from the resolved ownership graph — the same person matched across every company they touch — and only for people who actually carry owner-level evidence: a portfolio of two or more, or at least one recorded exit. A single-company majority would carry nothing to read. Where the register is silent about a role, the silence is treated as unknown and never as a no. Like every signal the scout raises: a prompt to look closer, never a verdict.