Applied AI
Backing the next generation
of AI-powered market leaders.
Five principles
We invest in the companies applying a technology, not the ones selling it.
In this cycle that means owning companies that put AI to work, not the companies selling the hardware or models it runs on.
We avoid the most crowded and most cyclical layer of any buildout.
We generally hold no net long position in semiconductors, semiconductor equipment, or the hardware complex.
We do not use meaningful financial leverage.
Our returns are meant to come from operating leverage, the kind a real business produces when technology lets it do far more against the same cost base.
We would rather own the company that gets permanently better.
A business that uses technology to widen its margins, take share, and pull away from its competitors is a more durable holding than a supplier hoping to sell the next generation of equipment into an uncertain cycle.
We underwrite the twenty-year implementation cycle, not the five-year capital expenditure cycle.
The buildout matters. It is simply not the whole opportunity, and it is the part the crowd has already bought.
We believe the most compelling opportunities are found in overlooked markets, where technology and ambition drive substantial impact.
We see significant investment potential in financial platforms and technology businesses using AI and automation to:
We believe these capabilities will drive the next generation of market leaders and create lasting value for investors.
Even the strongest investment thesis comes with risks.
The surest returns from any technology come not from speculating on the buildout, but from owning the businesses that use it to become permanently better.
AI & ML: making AI and machine learning a source of operating leverage across the business.
Early exposure to the next adoption leaders
We run our funds as a partnership, with our own capital in the same strategies as yours. If that’s the alignment you look for in a manager, we’d be glad to talk.
Frequently asked questions
Are you actively doing investments?
Yes, we’re actively investing. Our main investment solutions mainly consist of Public Market and Private Market under which we have various funds, SMAs, and SPVs.