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

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

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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. 

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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.

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FPT Harnesses Education to Transform Talent Landscape

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

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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.

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Stewardship

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

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Public Equity

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

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Venture and Growth Equity

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

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red-haired man in a checkered shirt in a jacket smiles at the camera

Stephen P. Zachary, PhD

Managing Partner

Joined Sands Capital

2016

Work Experience

Sands Capital (2021 – 2022)
Arlington, VA | Partner

Sands Capital (2018 – 2021)
Arlington, VA | Principal

Sands Capital (2018)
Arlington, VA | Sr. Associate

Sands Capital (2016 - 2017)
Arlington, VA | Venture Associate

T. Rowe Price (2016)
Baltimore, MD | Equity Research Extern

Johns Hopkins University (2008 - 2010)
Baltimore, MD | Laboratory Technician

Dickstein Shapiro LLP (2005 - 2007)
Washington, D.C. | Paralegal

Education

Johns Hopkins University
PhD | School of Medicine

Washington & Lee University
BA | Philosophy

Stephen is a managing partner on the Life Sciences Pulse strategy, which he founded in 2019. Stephen joined Sands Capital in 2016. He has served on the boards of several therapeutics, diagnostics, and life sciences tools portfolio companies. Stephen received a PhD in neuroscience from the Johns Hopkins School of Medicine. He attended Columbia University for postbaccalaureate studies and received a BA in philosophy from Washington and Lee University. Stephen is a member of the Kauffman Fellows.

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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.
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