We seek to invest in companies with proven product-market-fit that need capital to accelerate growth. Our focus is on participating in Series C to pre-IPO/IPO as well as PIPEs in growth companies in Europe, North America, and Asia Pacific.

We are fundamental investors who are not afraid to be contrarians, invest in out-of-favour areas, or leverage our network to produce differentiated insights. Our approach is flexible and allows us to lead or follow in a round and purchase primary or secondary shares.

We aim to carry out 10-12 investments per year and invest $20-60 million equity checks while being selective and prioritising portfolio quality over activity or optics.

With access to the wider A.P. Moller Group network and insights gained from 120+ years of successful business stewardship, we strive to be active and meaningful shareholders over time. We aim to be Board Members or Observers in all companies but otherwise let management run their businesses.

With flexible holding periods given dedicated permanent capital that obviates the need for artificial exits, we prefer to own great businesses for the long term and compound for years and decades.