Skip to main content

Our Culture

What you believe and what you value as an organization matters. Discover the DNA of our firm.

Learn more >

Our People

Get to know our teams and the stories of select staff members who share why they choose to work at Sands Capital.

Learn more >

News & Events

Read about some of the latest events, partnerships, and business highlights from Sands Capital.

Read more >

Careers

At Sands Capital, we strive to hire exceptional talent who will live our values and support our efforts to deliver on our mission.
Learn more >

Uncovering Europe’s Next Generation of Global Leaders

From aquaculture to semiconductors, European firms are quietly becoming global leaders in innovation, sustainability, and value creation.

Learn more >

Revolutionizing Public Safety: The Axon Ecosystem

In this episode of What Matters Most, ⁠Sands Capital Portfolio Manager and Sr. Research Analyst Danielle Menichella discusses the business’ journey from Taser maker to artificial intelligence-powered software developer. 

Listen Now >

Fostering Long-Term Thinking

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

Learn more >

FPT Harnesses Education to Transform Talent Landscape

FPT has harnessed education to drive Vietnam’s digital transformation and human-capital development.

Learn more >

Philosophy & Approach

Our philosophy is rooted in the belief that, over time, stock prices will reflect the earnings power and growth of the underlying businesses.

Learn more >

Stewardship

Our latest annual report offers a comprehensive view of how we add value through active stewardship.

Read the report >

Public Equity

Our newest strategy takes an unconstrained approach to seeking the best growth businesses outside of the U.S.

Learn more >

Venture and Growth Equity

Sands Capital invests in innovative businesses across all stages of the growth spectrum

Learn more >

Daniel Pilling

Portfolio Manager
Sr. Research Analyst

Joined Sands Capital

2018

Work Experience

Sands Capital (2021 - 2024)
Arlington, VA | Sr. Research Analyst

Sands Capital (2018 - 2021)
Arlington, VA | Research Analyst

Balyasny Asset Management (2015 - 2017)
New York, NY | Analyst

Millennium Capital Partners (2014 - 2015)
London, UK | Analyst

QVT Financial (2012 - 2014)
London, UK | Analyst

Fidelity (2010 - 2011)
London, UK | Research Associate

Greenhill & Co. (2007 - 2009)
London, UK | Analyst

Education

Cambridge University (2007)
MPhil | Finance

Manchester Business School (2006)
BA | Business Finance and Economics

Daniel is a co-portfolio manager of the Sands Capital Global Growth strategy and a senior research analyst mainly covering semiconductors. He joined Sands Capital in 2018.

Daniel previously worked as an analyst at Balyasny Asset Management, Millennium Capital Partners, QVT Financial, and Greenhill & Co. Additionally, he worked at Fidelity Investments as a research associate.

Daniel received an MPhil in finance from the University of Cambridge and a BA in international business, finance, and economics from Manchester Business School.

Investment Strategy
Unleashing AI’s Next Wave of Infrastructure Growth
A multiyear compute super-cycle is underpinning AI’s rapid advance. Surging model scale and inference workloads are colliding with scarce advanced fabrication and packaging capacity, creating durable pricing power and high barriers to entry across the infrastructure stack—an ecosystem potentially poised to deliver long-term value for investors.
Learn more
Watch the video
Listen here
Learn more
Investment Strategy
Valuations Don’t Reflect Potential of Gen AI
Valuations have surged, driven by AI enthusiasm. Portfolio Manager Daniel Pilling argues that semiconductors and hyperscalers don’t reflect the potential from yet-to-be-realized revenue opportunities in evolving industries, such as robotics and autonomous vehicles
Learn more
Watch the video
Listen here
Learn more
Investment Strategy
Reimagining Work and Value in the AI Age
Compute growth and synthetic training environments will fuel industrial and domestic robots, unlocking efficiencies and redefining time’s value. Explore how AI adoption and consumer time savings may reshape economics and spending patterns.
Learn more
Watch the video
Listen here
Learn more
Investment Strategy
AI Adoption Becoming a Matter of Survival
AI infrastructure has evolved from optional investment into an existential imperative. Hyperscale compute delivers sub-year paybacks and fortifies resilience against downturns. Portfolio Manager Daniel Pilling argues that organizations underinvesting in AI infrastructure risk falling irretrievably behind in tomorrow’s digital economy.
Learn more
Watch the video
Listen here
Learn more
Investment Strategy
Exploring AI’s Ever-Evolving Value Chain
AI workloads are skyrocketing as models expand in scale and complexity, pushing compute demand and supply-chain limits to reshape digital infrastructure. Discover how evolving GPU technology, chip manufacturing bottlenecks, and geopolitics drive the next wave of AI innovation.
Learn more
Watch the video
Listen here
Learn more
Business Perspectives
The Hidden Player in the Semiconductor Boom
You’ll find semiconductors in just about every device with a plug, a power button or a battery. In this Season 2 episode of What Matters Most, Sands Capital technology analyst Daniel Pilling explains why Entegris, a critical player in the global semiconductor industry, is seeing rapid growth as the demand for AI and machine learning intensifies.
Learn more
Watch the video
Listen here
Learn more
More News & Events
Sands Capital
1000 Wilson Blvd, Suite 3000
Arlington, VA 22209, USA
1.703.562.4000
Contact us
Disclosures and Definitions

Notice for non-US Investors

Sands Capital is an active, long-term investor in leading innovative growth businesses, globally. Our approach combines analytical rigor and creative thinking to identify high-quality growth businesses that are creating the future. Through an integrated investment platform spanning alternatives, growth equity and public equity, we provide growth capital solutions to institutions and fund sponsors in more than 40 countries.

An independent, staff-owned firm founded in 1992 and headquartered in the Washington, D.C. area with offices in London and Singapore, Sands Capital managed more than $58B in client assets as of June 30, 2025.

For institutional and professional investors only. Investment advisory fees are described in Part II of the adviser’s Form ADV.
© 2025 Sands Capital. All Rights Reserved.

Let’s Talk