Private Markets
There’s more to gain and more to lose in private markets than in any other asset class. Success relies on watertight due diligence.
By combining deep research with disciplined outbound sourcing, we uncover opportunities that pass others by. Focused on transformational technologies and key sectors driving global growth, we deliver clarity and conviction in an arena where disruption, volatility and opportunity are ever-present.
Overview
Unlocking value
We specialise in sourcing hard-to-access opportunities with an approach that is guided by data, validated by industry specialists and strengthened by global insight.
Outbound by design
We proactively source opportunities globally, securing access ahead of intermediaries. We identify value early and negotiate from strength before markets converge.
Clarity through rigour
Every investment is tested for resilience against real-world fundamentals and macro scenarios. Clarity guides our decisions, transparency defines our standard.
Conviction that compounds
We invest in high-potential, transformational businesses, building long-term value through intelligent entry, active ownership and the compounding effect of strategic patience.
Areas of focus
Value from disruption
We focus on sectors where disruption is creating lasting value. Working closely with investors, we adapt strategies as objectives evolve, ensuring portfolios remain aligned, even as markets shift.
Healthcare
Innovation driving better outcomes
- BioTech
- Medtech
- Private hospital chains
Manufacturing
Efficiency through automation
- Industrial automation
- Packaging companies
Consumer goods
Brands shaping tomorrow’s lifestyles
- Food brands
- Fashion
- Wellness companies
Energy
Resilient, future-focused infrastructure
- Renewable energy projects
- Oil and gas infrastructure
- Carbon capture
Financial services
Next-generation finance solutions
- Fintech
- Insurance
- Specialty finance
Real estate
Strategic assets with lasting value
- Commercial property
- Logistics parks
- Data centers
Strategy
Disciplined pathways to performance
Our investment framework combines precision with instinct. Each strategy is designed to uncover asymmetric opportunities and compound value over time.
Arbitrage opportunities
We execute selective, tactical strategies that aim to capture subtle market inefficiencies and overlooked value to deliver distinctive, risk-adjusted returns.
Focused investments
We invest directly in transformative businesses that are reshaping their industries, seeking out consistent performance and long-term growth.
Multi-strategy approach
We build resilience through diversification across complementary private market themes, capturing opportunities in innovation, real assets and special situations.
Track Record
Picking winners in testing times
Even in the toughest downturn since the dotcom era, our due diligence has repeatedly delivered results. By focusing on high-conviction opportunities and applying uncompromising scrutiny, we’ve transformed volatility into enduring value.
Nominal capital
Value today
MoIC
Anthropic
Since Jan ‘24
+800%
OpenAI
Since Jan ‘24
+525%
Anduril
Since Nov ‘22
+200%
Klarna
Since Jul ‘22
+124%
SpaceX
Since May ‘22
+215%
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