Large Secular Growth Markets. Target companies operating in large markets with durable secular tailwinds — including iGaming, sports data, quantum computing, and Earth observation. Prioritize category-defining companies with the potential to become leading first-mover public platforms in underpenetrated markets.
All-Weather Companies. Select businesses built to perform through varying macro and capital-market conditions; favor mission-critical platforms with relevance across multiple end markets.
Strong Business Moats. Seek defensible market positions and meaningful barriers to entry — differentiated IP, exclusive data/rights, or unique technical capabilities.
Scalable Business Models. Recurring, platform-based, or service-oriented revenue capable of scaling as adoption expands; operating-leverage potential where public capital accelerates sales, commercialization, partnerships, product development, and margins.
Attractive Entry Valuation. Structure transactions at attractive valuations relative to public comparables at announcement; combine disciplined valuation with meaningful PIPE/trust capital to create upside for investors while giving companies the balance sheet to execute.
1. Identify & Structure Transactions. Source differentiated businesses in large markets before they are traditional-IPO-ready; focus on strong platform potential and a clear reason to be public; price deals attractively vs. comparables; use disciplined structures balancing company needs with public-investor returns.
2. Raise Capital & Validate the Story. Secure PIPE/trust capital to fund growth, R&D, commercialization, and expansion; bring in strategic and financial investors that validate the market opportunity.
3. Build Public-Company Platforms. Support companies with board/CFO recruitment, investor relations, partnerships, and capital-markets guidance; help management convert early momentum into revenue growth, margin improvement, and long-term shareholder value.
We pioneered the practice of bringing world-class strategic and financial investors directly into our transactions — not as passive capital, but as validation, partnership, and fuel for growth. When the National Football League invests in its own official data partner, or the leaders of global technology invest in quantum computing’s first public company, the market takes notice. These investors don’t just fund our companies. They confirm the opportunity, open doors, and stay for the long term.
| Transaction | Strategic & Anchor Investors |
| Rush Street Interactive | Fidelity |
| Genius Sports | National Football League |
| IonQ | Google, Amazon, Microsoft, Hyundai Motor, Lockheed Martin, Michael Dell, Bill Gates, Marc Benioff |
| Planet Labs | Michael Bloomberg, Koch Industries |
| Horizon Quantum | Dell Technologies, IonQ |
“All-weather” assets, conservatively priced: a demonstrated ability to find targets at conservative valuations relative to the market at the time of transaction — e.g., RSI at 5.4x vs. online-gaming peer median 11.7x; Genius Sports at 7.4x vs. peer medians of 8.3–14.8x; Planet Labs at 12x vs. data-infrastructure peers at 27–42x; Horizon Quantum at a $546M EV vs. public quantum peers at $1.15–$1.38B.
Record of marketing deals on conservative estimates: portfolio companies have consistently beaten initial guidance out of the gate.
A hands-on value-add model across four pillars:
Quarterly Earnings. Earnings materials (guidance, script, PR & deck); analyst relationships to increase early coverage; 10-Q & 10-K processes; analyst-day guidance.
Marketing & PR. IR playbook across retail, research & index; industry credibility & research; existing shareholder liquidity.
Strategic Relationships. Strategic partnerships and investors; high-quality board members; CEO-level bulge-bracket relationships; acquisitions.
Operational Excellence. Hiring for board & C-suite; CFO/CEO mentoring; corporate strategy; audit & comp processes; chairing committees; international expansion; secondaries & capital-structure optimization; executing incremental revenue opportunities.
