Xenith Capital
Independent, partner-owned, research-driven
We founded Xenith Capital to create a focused, craft-driven investment partnership. Our edge is the compounding effect of primary research, operational empathy, and a culture that elevates intellectual honesty over convenience.
- Significant GP commitment alongside our partners
- Performance-driven fees and transparent reporting
- Long-dated horizon that matches how value is created
Our Story
Craft, not scale, is our organizing principle.
Xenith Capital began with a simple observation: enduring investment outcomes require a repeatable process that embraces uncertainty. We built an operating rhythm that marries deep, first-principles research with structured debate, ensuring that decisions reflect the weight of evidence rather than the force of personality.
We invest across market cycles and capital structures. Our cross-disciplinary approach— from public markets to control-oriented private equity to venture capital—expands our pattern recognition and helps us identify second-order effects, not just first-order narratives.
- Thematic scoping → company dossiers → variant views → risk maps
- Weekly investment committee with red-team assignments
- Quarterly pre-mortems and scorecards against base cases
Values
The behaviors we reward shape the results we achieve.
Intellectual honesty
We seek disconfirming evidence and publish our assumptions internally.
Stewardship
We treat partner capital with the care we apply to our own.
Endurance
We prioritize durability of process over short-term optics.
Governance
Clear accountability with independent oversight.
| Area | Approach |
|---|---|
| Compliance | Independent function with quarterly audits |
| Valuation | External benchmarks and third-party reviews |
| Risk | Scenario framework and drawdown guardrails |
| Reporting | Transparent, LP-first communication |
We will always choose long-term trust over short-term gain.
Operating Principles
The guardrails that shape our day-to-day decisions.
Write it down
We document assumptions, variant views, and evidence. Writing forces clarity and creates a durable record against which we can evaluate outcomes, reducing hindsight bias.
Disagree and commit
Structured debate is encouraged before decisions. Once a decision is made, we commit as a team and hold ourselves accountable to the pre-defined plan of record.
Small teams, high trust
We keep teams lean to preserve speed and accountability. Trust is earned by meeting commitments and being candid when reality diverges from plan.