"Amhurst works with investors and business managers on finding superior investment
opportunities through our team's deep domain expertise and
excellence in investment transaction execution."
A. Morozov, Ph.D., Managing Director, Amhurst Capital Partners

Amhurst’s investment philosophy is based on several underlying principles. When it comes to technology investing, we believe that technological innovation will remain a huge driver for value creation in both the U.S. and global economy. In the past 200 years technological innovation has created significant economic wealth for the investors with the foresight for market impact of the new technology. Amhurst believes this process will continue unabated into the foreseeable future.

Amhurst’s team believes that the world is at the early stages of a major technological transformation that will ultimately impact people and markets around the globe and that the full impact of technology innovation will be felt for many years to come. Advances in communications, software, energy and life sciences will continue to dramatically change the way we live. Forward-looking managers and investors with the right vision will benefit enormously from these accelerating changes. The best investment firms will continue to attract the best entrepreneurs with the most promising advanced technologies, generating ever-increasing profits for their investors.

Over the course of the past 30 years, venture capital investing has proven to be a highly effective vehicle for bringing new technology to the market. We believe venture capital investing will sustain its historic track record of being the best performing investment asset class in the next 10-20 years. Amhurst’s research indicates that U.S.A. will retain its historic global leadership in commercializing new technologies during this period of time. Having said that, we clearly see the emergence of multiple other countries becoming powerful forces in technology innovation.

Amhurst believes the venture capital industry is undergoing a substantial period of consolidation and expects that only a limited segment of the venture capital industry will sustain this sector’s historic superior rate of return, which now stands close to 20% annualized IRR for the past 20 years. For most investors, venture capital manager selection and access to the best performing venture capital funds has become increasingly difficult and severely constrained. In addition, venture capital industry is going through a period of profound changes that further increase risks for investors lacking a thorough understanding of this complex and dynamic industry particularly in the technology sector.

Selecting and having access to the right fund is more critical in venture capital than perhaps in any other investment sector. With an IRR spread between top and bottom quartiles estimated at an astounding 25% per annum, Amhurst believes that the fund-of-funds investment model is the optimal format when it comes to achieving success with investing in the venture capital sector for the vast majority of investors including institutional ones. Amhurst also strongly believes, and has received considerable market feedback to that effect, that insider expertise in technology venture capital investing puts managers such as Amhurst in a preferred LP position in the eyes of leading venture capital funds. Amhurst will leverage this to overcome the significant bottlenecks in gaining access to the top funds. In turn, Amhurst expects this superior access and more effective selection of top tier venture capital funds will translate into superior investment returns for our investor-clients in this challenging sector of the financial markets.

Amhurst team believes that the most important component of Amhurst’s value proposition to investors is the industry insider perspective and sourcing capabilities of the Fund’s management team. We are not only fund-of-funds managers but experienced direct venture capital investors ourselves. Our hands-on understanding of how value is created in the VC/PE industry and ongoing, time-tested relationships with industry’s leading investment managers will benefit the Fund’s investors immensely as we apply our experience and expertise to construct an exceptional portfolio of funds. Amhurst also will be viewed as a “preferred LP” by many GPs with limited access to their funds due to Amhurst’s value-added approach to the LP-GP relationship based on our industry insider expertise.