Our Approach
From a question to a defensible thesis.
Investment pods
Small teams, real work.
Members work in small teams, or pods, led by founding members. Over the course of an academic quarter, each pod works toward an in-depth investment pitch or memo, learning together as the thesis takes shape.
Anatomy of a pitch
What a thesis has to hold.
A pitch is expected to address each part of the picture, not only the case for the opportunity.
Research process
- 01
Find an opportunity
Identify a company, security, asset, transaction, or market dislocation worth investigating.
- 02
Understand the fundamentals
Research the business or asset and the factors driving its value.
- 03
Analyze the investment
Evaluate valuation, capital structure, catalysts, risks, and alternative outcomes as relevant.
- 04
Challenge the thesis
Test assumptions through discussion and revise the investment case.
- 05
Present the view
Produce a clear memo or pitch and defend the reasoning behind it.
Investment universe
Areas members may explore.
Public equities
Company research, valuation, and differentiated investment views.
Credit
Debt instruments, downside protection, repayment capacity, and capital structure.
Structured products
Understanding security structure, cash flows, and embedded risks.
Real estate and real assets
Asset economics, valuation, and relevant market drivers.
Special situations
Opportunities shaped by transactions, catalysts, or market dislocations.
Other opportunities
Thoughtful research beyond conventional categories.
These are areas of research interest, not established investment desks or current holdings.
- A clear investment question.
- Original research and independent reasoning.
- An understandable valuation framework.
- Explicit risks and counterarguments.
- A compelling explanation of why the opportunity matters.