We are concentrated in a small number of themes where the technology is durable, the customers are credit-worthy, and access is genuinely scarce.
The economics of training and inference will accrue to operators that combine power, real estate, and silicon procurement at scale. We follow vertically-integrated cluster operators with multi-year offtake from credit-worthy counterparties.
A generational re-armament cycle is funding autonomy, sensing, and software-defined platforms. We focus on companies with Tier-1 prime relationships, signed programs of record, and disciplined exposure to non-allied supply chains.
Beyond general-purpose accelerators, custom silicon, photonics, and novel memory architectures are gaining commercial traction. We track teams with deep tape-out experience and design-wins inside hyperscaler footprints.
Specific opportunities — company names, terms, vehicle structures — are shared only with verified accredited investors through direct, private correspondence.