01
Recurring Revenue
Businesses demonstrating predictable or repeatable customer economics.
Investment approach
Disciplined capital. Flexible mandate.
Perigon is not restricted to a single business model, sector or asset type. We evaluate opportunities on their economics and durability rather than on category labels.
That flexibility is paired with a narrow bar: we would rather hold capital than own an asset we do not understand.
Investment themes
02
Defensible Positioning
Businesses with strong brands, distribution, data, communities, intellectual property or other barriers to competition.
03
Internet Infrastructure
Assets that benefit from the continued expansion of digital commerce and online behavior.
04
Scarcity
Internet properties where supply is structurally limited.
05
Operational Leverage
Businesses where improved technology, distribution, automation or capital allocation can meaningfully improve outcomes.
06
Development Potential
Underutilized assets capable of supporting substantial new businesses.
Our time horizon
We do not invest around arbitrary exit timelines.
Where an asset continues to compound value, we are comfortable remaining an owner. Where an asset requires development, we are comfortable funding it patiently.