Private Growth

Global Shariah

Flash Reports

Our quarterly summary reports of recent investment results, top 10 businesses, portfolio characteristics and exposures, and contribution analysis are available to download now.

Commentary Reports

These reports consisting of portfolio overviews, commentary, contribution analysis, purchases and sales, carbon metrics, engagement, and voting activity are available to download now.

Quarterly Reports

These reports consisting of portfolio overviews, commentary, contribution analysis, purchases and sales, carbon metrics, engagement, and voting activity are available to download now.

“They know where the market is heading and what it needs. It has been a complete alignment with our vision.”

Ajay KhannaFounder & CEO, Tellius

“They know where the market is heading and what it needs. It has been a complete alignment with our vision.”

Ajay KhannaFounder & CEO, Tellius

Latest Thinking

Investment Strategy

When Growth Becomes Scarce

The Iran war raises the possibility of a prolonged energy shock. Markets and news are moving quickly, and outcomes remain deeply uncertain. Rather than attempt to forecast geopolitical developments, we focus on what we know.

Investment Strategy

AI at a Crossroads: Rational Optimism in the Face of Fear

The recent “Global Intelligence Crisis” scenario has amplified concerns that AI-driven displacement of white-collar labor could undermine consumption and destabilize economic growth. While these fears are understandable, history suggests that transformative technologies have repeatedly reshaped, not collapsed, economic systems.

Investment Strategy

Debugging the AI Narrative in Software

AI-driven disruption has sparked indiscriminate selling across software. We believe important distinctions are being overlooked, creating long-term opportunities in cybersecurity, infrastructure, and select vertical and mission-critical platforms.

Investment Strategy

Strengthening Resilience in a Fragmenting World

AI and cybersecurity are becoming core pillars of resilience as geopolitical and technological disruption accelerates. Organizations must pair proactive AI adoption with stronger cyber defenses to withstand faster, more automated threats.

Investment Strategy

The New Gravity of Space

Falling launch costs and increasingly reliable networks are reshaping the space industry. Sr. Research Analyst Massimo Marolo, CFA, discusses how this market is evolving and why it matters.

Investment Strategy

Five Forces Powering the Next Decade of Growth

Investors face geopolitical tension, market volatility, and uncertainty about interest rates and inflation. We stay focused on secular trends that can persist through the day-to-day noise and reward long-term ownership.

Investment Culture

Fostering Long-Term Thinking

Executive Managing Director and Sr. Portfolio Manager Brian Christiansen discusses the importance of candor, collaboration, and entrepreneurialism in creating a culture that promotes long-term thinking.

Investment Culture

Obvious. Difficult. Repeatable.

Our edge is our culture that helps us do the obvious but hard things. We own many high-quality businesses and hold them with discipline over long periods of time.

Investment Strategy

Capture the Rise; Survive the Fall

AI is pushing markets higher but not without warning signs. Our focus is on strong companies that can deliver through the ups and downs.