Contact usOUR THESIS
Intelligence, compute, embodiment and sovereign demand are capitalizing each other. Acquinox fosters direct investments into all four.
Opportunities sourced through a proprietary network of trusted sellers, typically unavailable through traditional wealth management channels.
Rigorous framework covering market position, revenue trajectory, cap table structure, and management track record.
We focus on a defined universe of next-generation technology sectors where we have genuine conviction, not broad exposure for its own sake.
Investors commit on an opportunity-by-opportunity basis, with no blind pool and full visibility into each position before committing capital.
Sectors we invest in
We invest across the full stack of the AI supercycle, not a single slice of it.
Software's largest value migration
From foundation models to the agentic application layer - frontier labs and the vertical platforms atop them. Defensible data moats displacing legacy SaaS spend, generating the inference demand that funds everything downstream.
↓ Sets the compute bill for everything downstream
Quadrillion tokens processed per month
70x+ 5Y growth| Period | Value |
|---|---|
| Mid-25 | 1.7Q |
| May-26 | 5.6Q |
| Jul-26 | 11Q |
| 2028 | 47Q |
| Mid-30 | 120Q |
Source: Goldman Sachs
The binding constraint
Intelligence at scale runs into physics. Specialized silicon, data center capacity, power and networking - the largest capex super-cycle in tech history, where supply constraints meet neocloud demand backed by multi-year contracts.
↓ Makes embodiment economically viable
Number of H100e chips
3.3x per year| Period | Value |
|---|---|
| Q1'22 | 47K |
| Q1'23 | 0.4M |
| Q1'24 | 2.1M |
| Q1'25 | 7.4M |
| Q3'25 | 17M |
Source: EpochAI
Where compute meets atoms
Cheap, abundant compute is the precondition for robotics - and it has now arrived. Category-defining humanoid and industrial autonomy platforms with Fortune 500 traction, in a market that consolidates around a few winners.
↓ Becomes the substrate of national security
Units in service
120x growth| Period | Value |
|---|---|
| 2025 | 25K |
| 2029 | 180K |
| 2031 | 620K |
| 2033 | 1.5M |
| 2035 | 3.0M |
Source: Goldman Sachs
Defense's generational reset
The same autonomy and silicon stack, absorbed by a re-arming West. Dual-use platforms with defensible IP and program-of-record traction, converting a commercial cycle into multi-decade, budget-backed demand.
↓ Program-of-record capital recapitalizes the frontier
Percent of GDP
+1.2pp 2025-2035| Period | Value |
|---|---|
| 2010 | 1.65 |
| 2015 | 1.42 |
| 2020 | 1.71 |
| 2025 | 2.33 |
| 2035 | 3.50 |
Source: NATO
Mandate
Defined boundaries, applied to every opportunity before it reaches investors.
Europe · North America · Asia
Later-stage, pre-IPO · $5M+ investment ticket
Primary transactions · Secondary transactions
Investment criteria
Anchoring thematic conviction in rigorous, position-level underwriting.
Company sits within one of our four conviction pillars - intelligence, compute & energy, embodiment or sovereign demand - with multi-decade tailwinds
Defensible moat across market share, technical edge, network effects, or customer concentration signaling dominance versus competition
Late-growth to early late-stage maturity - past product-market fit and hype-cycle volatility, ahead of public-market mediocrity
Management with demonstrated ability to operate at scale; governance and reporting infrastructure ready for public-market scrutiny
Both primary and structured secondary access points
Entry valuation supported by intrinsic-value and comp analysis; structural protections - preference, ratchets
Identifiable path to IPO filed within 3-5 years from entry, strategic M&A or structured secondary
Get in touch
Connect with our team to discuss private market opportunities.
Contact our team