Fennec is a privately held firm. The current focus is collectibles, with a small set of investments in technology, ongoing attention to AI and alternative data, and a history in private syndication.
A small note on what this is, and isn’t.
Fennec is a privately held firm. It doesn’t manage outside money. It doesn’t try to be a fund. It exists because I like operating in markets that reward attention more than scale — and because the obvious paths for doing that with any kind of structure are usually wrong-shaped for the work. Funds need deployment schedules. Family offices need diversification mandates. Neither incentive matches a thesis that takes years to play out in markets most professionals don’t have time for.
So I built one that fits.
The cycles that interest us are slow. The right entry is rarely the urgent one — we wait, and when our pitch comes, we are ready.
It is easier to be right about a few things than many. Concentration is not a flaw of a small firm; it is the whole point. Most of what crosses the radar gets a no.
No outside investors. No quarterly clock. Patience and selectivity are easier when nobody needs to be talked into a trade — and nobody needs to be talked out of one.
The current focus. Graded trading cards and adjacent categories — markets where attention is sparse and patience compounds at unusual rates.
A small set of long-dated investments in technology companies and the infrastructure around them. Picked carefully, held through cycles.
Less a practice than an attention. Followed for the leverage it offers the work above, and for what is becoming investable around it.
Earlier, the firm organized private syndication for outside investors. That work is currently dormant.
For collectibles, technology, or anything else worth a conversation — write directly.
