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Approach

Approach

Selective deployment across public markets, private special situations, and emerging assets.

We deploy proprietary capital into a small number of situations where the catalyst path can be underwritten and the payoff is structurally asymmetric.

Public Markets

Concentrated equity positions in businesses facing underwritable catalysts—spin-offs and carve-outs, asset sales, restructurings, recapitalizations, and strategic or regulatory inflections.

Typical catalysts include spin-offs, restructurings, recapitalizations, asset sales, and regulatory inflections.

  • — Fundamental research focused on the event path and incentive structure
  • — Sectors with structural tailwinds, but only when timing and price align
  • — Capital-structure positioning for defined downside and optimal payoff

Private Markets & Special Situations

Illiquid opportunities at inflection points—late-stage growth, structured financings, recapitalizations, and ownership transitions—where structure drives outcomes.

  • — Late-stage growth and pre-IPO transactions
  • — Structured investments (preferred, converts, or bespoke terms) and co-control where appropriate
  • — Balance-sheet transitions, secondary liquidity, and ownership changes

Emerging Assets

Selective exposure to enabling technologies and infrastructure—digital assets, blockchain rails, AI/compute platforms, and fintech rails—where adoption, regulation, and buildout cycles create long-duration value.

  • — Digital assets and blockchain infrastructure
  • — AI and compute infrastructure layers
  • — Next-generation financial technology platforms