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 energy, financial, technology and health ventures, partnerships and equities we're prepared to hold for the long term, not benchmark against a peer group. We pursue this through direct investment, investment funds, mergers and acquisitions, and international strategic partnerships — primarily as principals. Every position ties back to thorough due diligence and research from our own analysts which we 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 pursue acquisitions, consolidations, and exits directly as principals, structuring and executing transactions rather than advising on them.
Long-term partnerships with operating companies, sovereign investors, and institutions across borders, aligning our capital with shared strategic interest.
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 finance, banking, and energy — the sectors where we hold the deepest expertise and the largest concentration of our own exposure — built first to inform our own capital and our own projects, and shared selectively as published intelligence.
Dedicated coverage of the sectors where we deploy capital and take on special projects — global finance, banking, and energy markets.
In-house datasets and models built to test a thesis independently of third-party consensus estimates, with particular depth in banking and energy fundamentals.
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.