Governance
Reporting as an act of alignment
The case for institutional reporting standards in privately held vehicles.
February 2026
Insights
Perspectives
Occasional notes on private capital, real assets and the discipline of long-term investment.
Private Capital
The quiet advantage of a narrow mandate
Why constraint, rather than breadth, remains the most reliable source of investment discipline.
June 2026
Real Assets
Scarcity, permitting and the Swiss land equation
Structural constraints on supply and their implications for long-horizon capital.
May 2026
Entrepreneurship
Operators as allocators
What entrepreneurial ownership brings to the underwriting of development risk.
March 2026
Economic Perspectives
Rates, patience and the cost of certainty
Assessing capital structures designed to survive a full cycle rather than a favourable one.
December 2025
Investment Insights
The discipline of declining
A note on the transactions we did not undertake, and the reasoning behind them.
October 2025
Publications are informational and do not constitute an offer or investment advice.