Long-term capital for category-defining technology companies
We bring a public market lens to private investing.
We invest in scaled technology companies with dominant market positions, evangelical customers, and the financial profiles to generate significant free cash flow at scale.
We partner with management teams as long-term, aligned shareholders — backed by senior operating executives from Amazon, Google, Cisco, and Intuit.
Latest thinking
All insights →The Structural Shift in Tech Investing
Companies that once went public at $200 million in revenue are now staying private well into the billions.
ResearchAI Is Changing the Economics of Scale
Cloud reduced the capital needed to start a company. AI is reducing the capital needed to scale one.
ResearchWhy the Direct Secondary Market Exists
The secondary market is now the primary liquidity mechanism for private company shareholders.
CommentaryThe Cost of Distribution in the AI Era
AI has collapsed the cost of building product. But winning — building a global brand and enterprise trust — is getting harder, not easier.
We’d welcome the opportunity to connect
Whether you are a company exploring liquidity options for your shareholders or an investor interested in accessing the private technology markets, we’d like to hear from you.
Get in touch