Private Markets

Private markets demand judgment

In private markets, outcomes are determined long before liquidity events occur. We focus on structure, alignment, and governance before capital is deployed. Deep research, rigorous due diligence, and disciplined sourcing guide our selective direct and co-investment strategy, targeting opportunities where entry discipline and structural positioning underpin asymmetric outcomes.

Nominal capital

$285m

Current value

$906m

Equity Multiple

3.2x

Our Philosophy

Creating value with discipline

Access matters, but judgment decides. Our approach focuses on structured decision-making throughout the life of an investment, from initial access through to long-term stewardship.

Outbound by design

We source opportunities through long-standing relationships and local insight. Access is only the starting point. We engage early, securing alignment and pricing discipline before markets converge.

Structure before capital

Before deploying capital, we prioritise structure, governance, and downside protection. Each investment is tested against fundamentals and macro conditions.

Conviction that compounds

We invest with conviction where warranted, and patience where not. Selectivity is deliberate. Avoiding the wrong investments matters as much as pursuing the right ones.

Long-term stewardship

After investment, we remain actively involved, focused on oversight and durable value creation. Time is treated as a strategic asset, and capital managed to compound over time.

Access opens doors. Discipline defines outcomes. We commit capital where pricing, alignment, and structure create an advantage others overlook.
Philip Harris, Group CEO

Our Approach

Conviction over noise

We focus on areas of private markets where structural change, rather than cyclical momentum, drives opportunity, and where smart capital can influence long-term outcomes.

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

Track Record

A disciplined record

Outcomes result from process, not intent. Our private markets practice deploys capital selectively across growth, infrastructure, and strategic assets with a long-term perspective.

Since Jan ‘24

+800%

OpenAI

Since Jan ‘24

+525%

Anduril

Since Nov ‘22

+200%

Klarna

Since Jul ‘22

+124%

SpaceX

Since May ‘22

+215%

The information presented is for illustrative purposes only and does not constitute a complete portfolio representation or an offer of future performance. Indicative results reflect selected private market investments across multiple vintages. Past performance is not necessarily indicative of future outcomes.