Our direct investments are the high-conviction layer of our hybrid strategy, focused on growth-stage companies with proven product-market fit, strong revenue traction, and validated unit economics. By concentrating capital at the Series C and D stages, we target businesses with shorter paths to liquidity and materially lower execution risk compared to earlier stages.

Many of these opportunities are sourced through our fund relationships, providing us with privileged access to insider-only rounds. This selective, relationship-driven approach allows us to repeatably back emerging category leaders.