Capital · the investment side
The capital arm runs the family’s book as a focused private portfolio — real estate, public markets, and digital assets — and recycles its returns into the group’s own companies. Patient, concentrated, and measured.
The book, by role — core holds, satellites, and the engine that funds the companies.
Allocation is illustrative of approach, not a published breakdown or an offer of any kind.
A few positions understood deeply beat a basket understood loosely. Conviction is earned with research, then held.
Debt is a tool against hard assets, never a thrill. Every position is sized so a bad year is survivable, not fatal.
Realised gains compound back into the portfolio and the operating companies — not into lifestyle.