What we believe is about to happen.
Four sectors that will define the next decade of New York-built infrastructure. Each is deep enough to sustain a concentrated book; each has the kind of slow-compounding moat that rewards patient capital.
We're not generalists. We don't chase. We believe the firms that matter in 2035 will have been seeded between 2022 and 2027 — and will be clustered in the four domains below.The investment committee
Rebuilding the financial plumbing that New York actually runs on.
A decade of fintech has rewired the consumer-facing layer. The institutional layer — reconciliation, settlement, treasury, compliance, issuance — is still dominated by software that was new in 2004. We believe the next generation of category-defining financial companies will be built on top of it.
Seven active investments spanning treasury operations, capital formation, credit infrastructure, private-wealth tooling, and regulatory reporting.
Verifiable, portable trust is the decade's quiet platform.
The combined pressure of synthetic-identity fraud, AI-generated content, and new cross-border compliance regimes is forcing every institution to rebuild its attestation layer. Whoever wins it doesn't become a feature — they become infrastructure.
Five active investments in identity-verification rails, cryptographic audit trails, notarization, synthetic-identity detection, and supply-chain attestation.
The decarbonization trade is a financing problem.
The technology exists. What's missing is the permitting, risk-modeling, settlement, and financing infrastructure to move capital into grid-scale deployment at the pace required. We invest in the software and market-making firms that make physical climate infrastructure investable.
Four active investments spanning long-duration storage, geothermal permitting, climate-adjusted insurance underwriting, and carbon settlement.
Software for a single trade still beats generalists.
Horizontal enterprise SaaS is saturated. Under it there are still thousands of workflows — in regulated industries, in compliance-heavy trades, in legacy-glazier work — that are operated on paper, email, and twenty-year-old on-premise software. The companies that replace them become category-defining without having to chase scale.
Six active investments across immigration law, port logistics, commercial glazing, education credentialing, independent-clinic care, and landmark-district compliance.
A few operating principles.
Fewer than fifteen new investments a year. Full attention, patient capital, and a response to every inbound within five business days.
Lead or co-lead. Always.
We don't write follow-on checks into rounds we haven't priced. If we're in, we set terms, join the board, and commit reserves through Series B.
Decide in three weeks, not three months.
From first partner call to wire. Diligence is real — references, customer calls, financial modeling — but founders shouldn't have to rebuild their company in PowerPoint for us.
Every pass gets a reason.
We read every inbound. We respond to every inbound. Non-fits get a specific, personal reply — not a generic pass. It takes more time; it's the right way to do this.
If your company fits one of the four — we'd like to hear from you.
Our diligence process is fast and real. References, financials, one partner dinner. A yes or a specific no within three weeks.