First Principles Thinking · Permanent Capital ·
We are fractional owners of exceptional businesses,
compounding capital over a multi-decade horizon.
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Tybourne Global Holdings (TGH) carries forward the fundamental, high-conviction investing heritage of Tybourne Capital Management (TCM). As the permanent capital vehicle of TCM's founders, we have evolved from managing a leading global fund to becoming permanent, fractional owners of a concentrated portfolio of exceptional businesses. We have no fund timelines or exit shot-clock constraints. Our ideal holding-period is therefore, forever.
"The first rule of compounding is to never interrupt it unnecessarily."— Charlie Munger
The principals of Tybourne Global Holdings played key leadership roles on the investment and operating teams at Tybourne Capital Management. We have worked together on average for over a decade and believe in maintaining a small, cohesive, high performing culture.
To learn more about the team or career opportunities, please contact us at careers@tybournecapital.com.
What We Do
- Bottom-up, fundamental research. We buy businesses, we don't time markets. Security selection, driven by deep, fundamental research, is the primary driver of returns.
- Durable competitive advantage. We seek businesses with pricing power, rising returns on incremental invested capital and long reinvestment runways, run by managers who think and act like owners.
- Selective private / strategic opportunities. Less-liquid situations where we have unique insight and access; where public and private market research are complimentary and mutually reinforcing.
- Concentrated portfolio. A focused set of best ideas; avoid errors of commission over those of omission.
- Patience and compounding. Allow the power of compounding to work its magic over the fullness of time.
What We Avoid
- Conflating volatility with risk. No hard stop-losses; as Buffett said, "short term the market is a voting machine, long term it's a weighing machine." Market sentiment is fickle and not a sound basis for making long term investment decisions.
- Valuation dogma. A great business at a fair price will be worth a lot more over time than a fair business at a great price.
- Straying outside our sandbox. We avoid situations where we have no, or find it difficult to develop, differentiated analytical or research insight.
- Excessive leverage. A good portfolio doesn't need it, a bad portfolio shouldn't have it.
- Attempting to time the market. We prefer to stay invested in our best ideas rather than holding excess amounts of cash to time the perfect entry point.
Tybourne Global Holdings adopts a flexible approach investing in securities across markets, stages, and capital structure. While the "how" is flexible, the "what" is not. We primarily focus on four main areas: Technology, Industrial Infrastructure, Financial Services and Healthcare Services.
Why work with us?
We believe that how you invest is as important as what you invest in. Our approach is defined by a partnership of patience and decisiveness, rooted in intellectual honesty and ethical conduct. We are a focused, collaborative team driven to help build businesses that will shape the future in positive ways. We think long-term, because we are here for the long term.
Long-term ownership heritage — Across Tybourne’s history, the portfolio has been built around a small number of high-conviction businesses. Many of the largest contributors were held for multiple years, reflecting our belief that compounding works best over time.
For more information on our investments or approach, please contact us at investment@tybournecapital.com.
Tybourne Global Holdings is committed to contributing positively to the communities in which we operate. Our philanthropic efforts focus on education, access, and long-term impact, reflecting the same disciplined and thoughtful approach that underpins our investment philosophy.
We support education and research, with a particular focus on expanding access to world-class learning. Through Krishnan-Ang Philanthropy, this includes funding postgraduate students and scientific research initiatives at leading institutions such as the University of Cambridge.
Members of the firm are also actively engaged with the academic community, contributing time and expertise through alumni initiatives and mentorship. In addition, the firm periodically offers internship opportunities across investment research, trading, and data-driven initiatives, providing hands-on exposure to the investment process alongside experienced team members.
Let's Talk.
We welcome conversations with people who share our long-term perspective.
Founders & Private Companies
If you are building a business with durable competitive advantages and are looking for a thoughtful, long-term capital partner, we would be glad to hear from you.
Co-Investment Partners
We are open to selective co-investment opportunities with like-minded family offices and institutional partners who share our investment philosophy.
Careers & Internships
We selectively welcome exceptional individuals to join the team — whether as full-time members or interns. We recruit primarily through our network, but if you are intellectually curious, driven, and passionate about investing, please reach out.