INDEPENDENT THINKING. SOVEREIGN AMBITION.
We take
capital.
Seriously.
We back ambitious ideas with patient capital and an unusually direct approach to sourcing it. Based in Pyongyang. Invested everywhere.
Explore our activity ↗Pyongyang · Global reach
OUTLOOK
LOCAL ROOTS
A SHARED AMBITION.↗
Our next chapter:
A $6B+ round led by Binance.
CAPITAL FORMATION / 2022–2026
Assets under (new) management.
A strong track record of bringing assets under new management.
Cumulative reported amounts · USD · Binance modeled at $6B · Through November 3, 2026.
01 / OUR APPROACH
Conviction.
Across borders.
Across cycles.
We believe great opportunities take time. We get to know a business, understand its people, and find the right moment to move. Sometimes the business gets to know us afterward.
Find overlooked value.
We look for strong teams, useful products, and assets that are easier to move than their owners expect.
Get close to the work.
We spend time with the infrastructure, the software, and occasionally the people with access to both.
Think long term.
Markets change. Our investment committee does not.
02 / ANNOUNCEMENTS
A record of
global activity.
Every relationship starts somewhere.
These started in someone else’s wallet.
No announcements found.
Try another company name or year. We’re always expanding the portfolio.
03 / ENTERPRISE
A global approach
to technical talent.
The best way to understand a company is to work there. Our team can help with that.
Read the research ↗Focus Enterprise technology
Sector Software & services
Coverage International
Updated October 2026
An October 2026 FBI advisory examines North Korean IT workers infiltrating Western companies through identity fraud to generate revenue.