Private Growth
Quarterly Updates
Quarterly Strategy Reviews
In these webcast reviews, the featured portfolio managers discuss perspectives on the market environment, the portfolios' top contributors and detractors, and recent purchases and sales.
The 4Q 2025 Quarterly Strategy Reviews for Select Growth, Global Growth, Global Leaders, and Emerging Markets Growth will be available until February 22, 2025.
The 4Q 2025 Quarterly Strategy Reviews for Select Growth, Global Growth, Global Leaders, and Emerging Markets Growth will be available until February 22, 2025.
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.
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 
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Latest Thinking
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.
Events
Michael Clarke, Michael Graninger, and Barron Martin Jr. Named to Washingtonian’s 2025 Tech Titans List
The publication recognized the three among the most innovative and influential figures in D.C.’s tech community. No payment was provided for this ranking. Washingtonian is not a client or otherwise affiliated with Sands Capital.
Investment Strategy
Sharpening the Edge
The strongest businesses often have one thing in common. They build an edge others find hard to match, then reinforce it over time through steady reinvestment and long-term commitment to what sets them apart.
Investment Strategy
Are We in an AI Bubble?
Technological transformation often breeds bubbles. Sr. Portfolio Manager Thomas H. Trentman, CFA, discusses how investors can best read the signposts.
Investment Strategy
Follow the Leader
The best businesses don’t just grow. They lead. By shaping their markets and scaling smartly, they stay ahead when others fall behind.
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