Operating
Wholly owned businesses
A small, growing roster of profitable companies operating under their original names and leadership. Details are disclosed at the discretion of each portfolio company.
Permanent
A portfolio measured in decades.
Durendal is a private firm. We disclose what is helpful and protect what is confidential. The structure of the portfolio is described below.
Public markets
Long-duration equities
Concentrated positions in publicly traded companies with strong unit economics, capital-disciplined management, and decades of runway. Individual positions are not disclosed.
Concentrated
Ventures
Founder-stage capital
Selective early-stage commitments to founders building businesses with the structural potential to be owned indefinitely.
Selective
Named holdings and figures are shared under NDA with counterparties who need them.
“We would rather own one excellent business outright than a basket of mediocre ones.”