Power, compute & connectivity
AI, cloud, connectivity and electrification are driving converging demand across power generation, grid capacity, data centres and fibre networks.
Related capability ↗
Investment ThemesStructural change,
Structural change,
viewed as a system.
We organise research around forces that cut across sectors and asset classes—then ask where capital, control or infrastructure can create durable advantage.
09
First American
Monily Funds
Thematic research
A theme is useful only when it improves underwriting.
Our thematic work is not a substitute for asset-level diligence. It is a way to identify where demand may persist, where systems may become constrained and where second-order effects can create differentiated opportunities.
The private credit expansion
Bank retrenchment and borrower complexity are increasing demand for responsive, customised and asset-aware financing.
Related capability ↗Programmable assets
Tokenisation may reshape administration, transfer and liquidity where legal rights and governance are designed correctly.
Related capability ↗Supply-chain resilience
Manufacturing localisation, logistics redesign and strategic resources are creating new needs across infrastructure and operating businesses.
Related capability ↗Scarcity & replacement cost
Higher construction costs and constrained supply can strengthen the economics of well-located, well-operated existing assets.
Related capability ↗Operational intelligence
Data, automation and AI can improve productivity—but the value accrues to businesses with the right processes, talent and incentives.
Related capability ↗Research method
From observation to investable thesis.
01
Identify
Find structural shifts with credible economic consequences.
02
Map
Trace the dependencies, constraints and second-order effects.
03
Underwrite
Test the thesis at the company, asset and contract level.
04
Execute
Structure for alignment, resilience and a practical value-creation plan.