Approach

Discipline over hype

Venture capital is characterized by narratives, momentum, and shifting consensus views. We focus on fundamentals. Manager evaluation centers on repeatable processes, not individual outcomes or recent performance.

We assess how managers source deals, make decisions, add value, and manage portfolios. These capabilities persist across market cycles. Headline returns in a strong vintage do not guarantee future performance. We prioritize sustainable edges over temporary advantages.

Our commitment decisions are analytical. We do not chase access or deploy capital to meet arbitrary timelines. Each allocation reflects conviction based on our evaluation framework, not external pressure or positioning.

Access over branding

The strongest venture returns often come from managers without large brands or institutional marketing. We allocate significant resources to identifying emerging managers with differentiated capabilities before they reach scale or capacity constraints.

Access to oversubscribed funds is valuable, but not sufficient. We evaluate whether a manager's competitive position justifies their brand premium. In some cases, lesser-known managers with focused strategies and structural advantages offer better risk-adjusted prospects.

Our network and reputation provide entry to managers across the spectrum. We use this access to build a portfolio that reflects quality and fit, not name recognition.

Consistency over timing

Market timing in venture capital is difficult and often counterproductive. We commit capital on a disciplined schedule regardless of short-term market sentiment or valuation levels.

Consistent deployment builds vintage diversification and reduces the risk of concentrating commitments in peak markets. While we remain aware of market conditions, we do not attempt to time entry or exit from the asset class based on macro forecasts.

This approach requires patience during periods of exuberance and conviction during downturns. We structure our fund to support steady deployment without performance pressure that might compromise decision quality.

Relationships over transactions

Manager selection is not a transaction. It is the beginning of a long-term partnership. We invest time in understanding each manager's organization, culture, and decision-making before committing capital.

Our evaluation process is thorough. We conduct multiple meetings, reference extensive industry contacts, and build conviction through dialogue rather than presentation materials. This depth of work serves both initial diligence and ongoing partnership.

Once invested, we engage as active and supportive LPs. We provide feedback when appropriate, participate in annual meetings, and maintain regular communication. Strong LP relationships benefit both parties over the duration of the fund lifecycle.

We approach each manager partnership with the expectation of reinvestment across multiple fund generations. While not guaranteed, this long-term orientation aligns incentives and builds mutual trust.