Investment Strategy
The best returns are
made before the IPO.
~2×
Pre-IPO entry has historically delivered upwards of 2x the returns of buying at IPO.
A structural advantage in the private markets.
Top technology companies are staying private longer — building more value, reaching greater scale and commanding higher valuations before they list publicly. For investors, this creates an asymmetric opportunity: lower risk than early-stage venture, with meaningfully stronger returns than post-IPO public market entry.
We focus on this window — acquiring stakes in leading, difficult-to-access technology companies at the late stage, where the strongest risk-adjusted returns are generated.
Focus Areas
Five frontier sectors
01
AI — Infrastructure, Models & Apps
Infrastructure, foundation models and enterprise deployment — we invest in value being created across each layer of the AI stack.
OpenAI
Crusoe
AMI Labs
Lambda
02
Robotics & Physical AI
Intelligence is expanding beyond the data centre - we back companies building autonomous systems and edge compute for the physical world.
Field AI
Armada
03
Space & Frontier Infrastructure
The commercialisation of space is accelerating - we invest in builders innovating at the frontier of stellar infrastructure.
SpaceX
Voyager
04
Defence & Autonomous Systems
Global defence is shifting to software-defined, autonomous capability - we back companies re-architecting national security.
Anduril
Palantir
Harmattan
05
Digital Finance & Platforms
Embedded finance and digital assets are re-wiring global commerce - we invest in scaled platforms winning at the infrastructure layer.
Revolut
Plaid
Kraken
Our Edge
Our edge lies in spotting and backing the next generation of disruptors enabled by our deep networks, disciplined selection and strategic support.
MENA Network
SWFs & Large Allocator Access
Direct relationships with sovereign wealth funds and large allocators across the Gulf.
Strategic Regional Partners
Our regional conglomerate, regulator and stakeholder partnerships support portfolio companies entering the region.
Market Expansion Expertise
On-the-ground capability to validate product-market fit, technology capabilities and regulatory pathways.
MENA
Network
Network
US Tech
Ecosystem
Ecosystem
US Tech Ecosystem
Silicon Valley Insights
Longstanding connectivity with top-tier VCs, hyperscalers and founders — tracking emerging themes and accessing exposure to high-conviction deals.
Direct & Deep Relationships
Direct, long-standing relationships with founders and leading growth funds, positioning us as a preferred partner in MENA.
Rigorous Diligence Expertise
Deep tech diligence and model stress-testing through our experienced investment committee and external expert network.