Our Investment Thesis: Patient Capital for Foundational Change

Our investment thesis is the compass that guides our firm. It is a disciplined framework born from our deep conviction that the most resilient, high-growth opportunities lie in the foundational industries that support our global economy and society. We deploy patient, strategic capital into companies that are building the essential architecture of the future.

This thesis is selective by design. We focus exclusively on Education, New Energy, AI, Data Security, and Network Infrastructure because we see them as intrinsically linked. AI cannot function without massive data and network infrastructure; that infrastructure cannot be sustainable without a new energy transition; and none of it can be managed without a secure data framework and a workforce educated for the challenge.

Our Investment Criteria

We screen for a specific set of characteristics that we believe are the hallmarks of an enduring, category-defining company.

• Defensible Market Position: We seek companies with a clear, defensible “moat.” This may come from proprietary technology, a unique business model, exclusive high-value data, critical regulatory licensing, or a deeply embedded network effect.
• Visionary & Resilient Leadership: We invest in people first. We partner with exceptional founders and management teams who possess deep domain expertise, a clear vision, unwavering integrity, and the resilience to navigate the challenges of high-growth scaling.
• Critical Need, Not a “Nice-to-Have”: We focus on businesses that provide essential, non-discretionary products or services. We invest in the “need-to-have” solutions that enterprises and societies depend on, creating inherent resilience to market volatility.
• Clear Path to Profitability & Scale: We are not momentum investors. We require a clear, plausible, and data-driven business model. We analyze unit economics and market structure to ensure that the company is not just built to grow, but built to last and to lead its market.
• Measurable Impact: We believe that the best companies deliver both financial and societal returns. We actively seek businesses where positive impact is inherent to the core product or service, from decarbonizing the grid to securing personal data or closing the skills gap.

The B9F7 Partnership Model

When we invest, we make a long-term commitment. We do not simply provide a check; we provide a dedicated partnership.

• Active, Not Activist: We are an active and constructive partner, typically taking a board seat. We provide governance, strategic counsel, and a global network, but we trust our management teams to run the day-to-day operations. We are there to help solve the most complex problems.
• Long-Term Horizon: We are not constrained by the same short-term pressures as many funds. We understand that building a truly great company takes time. We deploy patient capital that allows our founders to make the right long-term decisions, not just the easy short-term ones.
• The Madrid Hub Advantage: We actively leverage our base in Madrid as a strategic asset for our portfolio companies. We provide a “soft landing” for companies seeking to expand into the €14 trillion EU market and use our deep connections as a commercial bridge to the fast-growing markets of Latin America. We help our partners navigate the complex regulatory and cultural landscapes of international expansion.

Our thesis is simple: we invest in the unglamorous, indispensable, and complex systems that make the modern world work. We are builders, and we seek to partner with fellow builders for the long haul.