[04] Portfolio

Composition at the sector level.

In keeping with our policy of discretion, individual position sizes are not disclosed. The composition below describes the architecture of the family's capital. Each sector view contains the underlying rationale, principal holdings, geography and timeline.

[01]

Industrial & Infrastructure

Long-cycle Swiss industrial holdings and infrastructure equity.

Capital deployed in operating businesses that build, move and recycle the physical substrate of the Swiss economy — civil engineering, environmental services and specialty construction.
View →
[02]

Real Estate

Directly held Swiss real estate, retained across generations.

Cash-flowing commercial and mixed-use real estate in established Swiss locations, owned outright and reinvested across cycles rather than traded.
View →
[03]

Private Equity & Co-investment

Direct minority equity alongside aligned operators.

Concentrated, conviction-led minority equity in privately-held European and Indo-Swiss businesses, with a preference for owner-operators we have known across multiple cycles.
View →
[04]

Venture & Strategic Affiliations

Selective early-stage exposure through trusted institutions.

Limited, programmatic early-stage exposure routed exclusively through institutions whose judgement and governance we have validated over time.
View →
[05]

Liquid Capital & Treasury

Capital preservation in Swiss francs and global reserves.

Treasury managed for resilience and optionality — not yield maximisation. Capital is held to underwrite the family's long-cycle commitments and counter-cyclical deployment.
View →