OUR PORTFOLIO

Our Investment Areas

Four areas, one method. We read the business, price it, and decide with our own money.


01

Public-Market Value Investing


We build concentrated positions on Borsa İstanbul and in global markets. Position size follows how well we understand a business, not how popular it is that month.

We read the accounts and the annual report ourselves. We work out what the business is worth, buy when the price sits clearly below that value, and then we wait. Our holding period is measured in years, not months.

Valuation work done in-house

Concentrated portfolio, low turnover

Holding periods measured in years

02

Private Company Stakes


We invest directly in private companies, many of them family owned. We prefer working with founders who are looking for a partner, not a buyer.

We are comfortable holding a minority stake for a long time. We want the founding family to stay at the helm; our contribution is at board level, not in daily operations.

Minority or majority positions

Founders and families stay involved

Board-level support

03

Healthcare & Health Technology


Hospitals and clinics, diagnostics, medical devices, and the systems that run them. Because our founder is a physician, our review starts with the patient pathway, not the financial statements.

To know whether a healthcare company really works, you need to know what happens in the clinic. We also check regulation and reimbursement early; those two topics quietly end most good ideas.

Clinical due diligence by a physician

Diagnostics, devices, and care delivery

Regulation and reimbursement checked early

04

AI & Next-Generation Technology


We invest in software and AI companies working on problems we recognise: triage, imaging, documentation, and clinic operations.

We prefer a narrow tool that does one job well over a broad one that demos well. We run pilots with clinical partners, and we do not scale before seeing the results in the field.

Applied AI, mostly in health

Early and growth stage

Clinical partners for pilots

Sectors we follow closely


Retail and supermarket groups

Refining and energy

Insurance

Automotive

Healthcare and diagnostics

Health technology and AI

If you are building a company in one of these sectors, or thinking of selling a stake in one, we would like to hear about it.

Get in touch
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