We deploy our own capital, alongside select partners, into technology and health ventures — and take on special projects where the stakeholders are as complex as the problem itself.
Our own capital — alongside select partners — deployed into technology and health ventures we're prepared to hold for the long term, not benchmark against a peer group. Every position ties back to a research note our own analysts are prepared to defend.
Direct and co-investment positions in technology companies building durable, hard-to-replicate advantages.
Principal positions in health-sector ventures, from early-stage platforms to later-stage scale-ups.
We bring in a small number of aligned partners on specific ventures rather than raising a commingled fund.
Positions are sized and structured to be held, not flipped — our capital is patient by design.
Some situations don't fit inside a fund structure or a service engagement. We take these on directly, as principals, when the outcome depends on navigating a genuinely complex set of institutional stakeholders.
Situations spanning regulators, multilateral bodies, and sovereign counterparties, where most firms only offer analysis.
Projects that cross jurisdictions and require coordination among institutional actors with genuinely different incentives.
We take a position in the outcome — financial, structural, or both — rather than bill for our time.
We take on a small number of these projects at a time, and most are never publicly disclosed.
Original, primary-source research on sectors, sovereigns, and companies — built first to inform our own capital and our own projects, and shared selectively as published intelligence.
Ongoing coverage of the sectors and jurisdictions where we hold our largest concentration of exposure.
In-house datasets and models built to test a thesis independently of third-party consensus estimates.
Every technology or health venture we back, and every special project we take on, sits behind a research note first.
A subset of our research is published as market intelligence — see our Insights page.