We do not publish individual position sizes or holdings — those are disclosed to eligible investors under separate documentation. What we can publish is the framework: how capital is divided, what limits apply, and which sectors we research.
Each sleeve has its own horizon, liquidity profile and job to do. Capital is not moved between sleeves in reaction to price.
Sleeve 01
Horizon 5–10 years · high liquidity · low turnover
Listed equities across the US, EU, Japan, Australia and Vietnam, with a deliberate tilt to healthcare, education and clean food. The core exists so that the rest of the book never has to be sold at the wrong moment.
Sleeve 02
Horizon 3–7 years · medium liquidity · thesis-driven
Established digital-asset networks and infrastructure with measurable usage, plus later-stage venture positions. Entries are staged over time rather than committed on a single date.
Sleeve 03
Horizon 5–10 years · illiquid · high dispersion
Pre-seed and seed venture, and selected emerging protocols. Sized on the explicit assumption that individual positions can go to zero, and structured so that this is survivable.
This framework describes our internal allocation policy. It is not a product, a fund term, or a commitment to any particular allocation, and it may change without notice.
Most portfolio damage is done by decisions taken under pressure. These rules exist so that the decision is already made.
A cap on any single position and on any single sector or chain, reviewed at every committee meeting.
Hardware and qualified custody by default, multi-signature approval for movement, and no single point of key failure.
Position size is capped against realistic exit volume, not headline market capitalisation.
Venues, bridges and lenders are underwritten and monitored like any other position, with defined exposure ceilings.
| Sector | What convinces us | Primary risk we underwrite |
|---|---|---|
| Blockchain infrastructure | Developers building on it, fee revenue independent of incentives, credible decentralisation path | Technical obsolescence and validator concentration |
| DeFi & payment rails | Audited contracts, transparent revenue, resilience through a full liquidity cycle | Smart-contract exploits and regulatory reclassification |
| Metaverse, gaming & NFT utility | Retention and spend that persist after token rewards are reduced | Incentive-dependent usage that collapses with emissions |
| HealthTech | Regulatory clearance, clinical partners, verifiable data integrity | Approval timelines and data-protection liability |
| EdTech | Measured learning outcomes, institutional distribution, credential portability | Long sales cycles and low willingness to pay |
| Green & clean food | Auditable traceability, real emissions accounting, buyers who pay a premium | Greenwashing exposure and standards fragmentation |
These are the ecosystems our analysts track and write about. Inclusion on this list is not a statement that we hold a position, and it is not a recommendation to buy, sell or hold anything.
Providers whose tooling supports our diligence, custody and operations.
A public demonstration of the monitoring dashboard our desk uses during the trading day.
Not actual trading results. Spot prices come from a public third-party market feed and may be delayed, incomplete or inaccurate. All profit and loss, ROI, order-count and win/loss figures shown in the databoard are generated by a simulation running on a demonstration capital base — they do not represent any real portfolio, account or client money. See the risk disclosure.
Not a recommendation. Nothing on this page is investment advice or a recommendation to buy, sell or hold any asset. Names appear because our analysts research them, not because we hold them. Digital assets are volatile and can lose all of their value. Read the full risk disclosure before acting on anything you read here.
Eligible investors and co-investment partners can request our current allocation policy and reporting pack. Founders can go straight to the submission form.