Private Markets
Early to the future, patient with it.
Venture and private growth themes across borders.
We back character and economics before we back momentum.
Private markets are where much of the world’s innovation is first financed. Our interest spans venture capital internationally and selected pre-IPO opportunities, with attention to artificial intelligence, financial technology, advanced computing and strategic private enterprise.
We describe themes and principles, not companies. This page makes no statement about ownership in any named business.
Our perspective
Principles we apply
Venture capital
Early and growth-stage themes, with a preference for founders of character and products with real economics.
Pre-IPO opportunities
Late-stage private interests, evaluated for governance, liquidity path and valuation discipline.
Artificial intelligence
Models, tooling and the infrastructure beneath them.
Fintech
Payments, settlement, lending and market infrastructure.
Advanced computing
Silicon, systems and the compute supply chain.
Strategic ownership
Private enterprises where long-term ownership adds stability.