Our fund investments form the foundation of our hybrid strategy. We deliberately avoid seed and early Series A rounds, where risk is highest and time to exit longest. Instead, we use the fund layer to absorb early-stage volatility and broaden our reach, gaining access to hundreds of companies through a carefully curated selection of top-decile managers.

While the average chance of backing a unicorn at seed is just 0.5%, the managers we partner with consistently achieve hit rates of up to 20%. This disciplined approach provides diversified exposure to category winners and creates a strong foundation from which we selectively deploy direct capital into proven growth-stage leaders.