Exceptional opportunities compound.
We invest in a small number of extraordinary technology companies where conviction, capital and scale can create disproportionate long-term value.
Our Five Investment Principles
These are the characteristics we look for in exceptional technology companies.
- 01
Technology
Structural technological advantage with the potential to reshape industries.
- 02
Moat
Defensible economics, networks, data or intellectual property.
- 03
Scale
Potential to serve enormous and global markets.
- 04
People
Exceptional founders and operators with ambition, ability and integrity.
- 05
Asymmetry
Potential upside materially exceeds capital at risk.
Three disciplines
The three disciplines through which exceptional ideas become exceptional companies.
Build. Back. Scale.
- I.
Build
We support businesses creating fundamental technology rather than incremental products.
- II.
Back
When conviction is high, capital should matter. We seek meaningful exposure rather than index-like diversification.
- III.
Scale
We seek businesses where distribution, networks and operating leverage can create extraordinary scale.
By combining five core investment principles with three disciplines, we create the conditions for extraordinary outcomes. Five characteristics. Three disciplines. One hundred and twenty-five units of compounded potential.
- 5Principles
- 3Disciplines
- 125The potential when exceptional opportunities compound
- 01
Source
Identify exceptional opportunities.
- 02
Analyse
Deep technical, commercial and team due diligence.
- 03
Invest
Concentrated capital and active support.
- 04
Build
Work with management to accelerate key value drivers.
- 05
Scale
Support global expansion and long-term compounding.
Learn more about our strategy and current focus areas.