Four strategies, built around how companies actually grow.
Each strategy has dedicated partners, its own funds and clear limits. Together they cover a company from first check to mature infrastructure.
Venture
Seed to Series B in software infrastructure, life science tools and industrial technology.
We back technical founders building products that other companies depend on. We lead or co-lead, take a board seat and reserve at least as much again for follow-on rounds.
Growth
Minority and structured equity for companies with $20M to $150M in revenue.
We invest when a company has found its market and needs capital to widen it. We take minority positions, often with structured protection, and work closely with management.
Private credit
Senior secured and unitranche loans to lower middle market companies.
We lend to profitable businesses with $10M to $75M of EBITDA in the US and UK. We underwrite cash flow first and collateral second, and write covenants we intend to enforce.
Real assets
Equity in logistics, digital infrastructure and specialist industrial property.
We buy or develop the physical systems modern companies run on, in the US and Europe, where demand is contracted and supply is constrained.
Why one firm, four strategies
Shared research means better underwriting. A credit partner sees the risks a venture partner might overlook, and a venture partner sees the upside a lender might miss. Our committee uses both views on every decision.
The four strategies side by side.
Not sure which strategy fits?
Tell us about your company or your allocation. A partner will point you to the right team within two business days.