Operating businesses
Direct investments in established companies with durable positions and capable management teams.
A private holding company investing across operating businesses, venture, and real estate.
Our approachWe look for opportunities we would be proud to own over time.
Our work spans operating businesses, venture, and real estate. Across each, we pay close attention to the people involved, the quality of the underlying asset, and the work required to improve it.
As a private holding company, we can make decisions with a long-term perspective. We value sound judgment, good partners, and ownership that can withstand changing conditions.
Direct investments in established companies with durable positions and capable management teams.
Selective backing for founders building consequential companies with a long view.
Thoughtful ownership of well-located assets with sound underlying economics.

Billy is Cofounder and CEO of Path, where he helps businesses transform how they build and run custom software. He invests in operating businesses and technology companies, partnering with founders building for the long term. Based in Austin, he is a member of the Austin Technology Council and the Austin AI Alliance. He holds a Bachelor of Business Administration in Marketing and IT Management from the University of San Diego and completed the Yale School of Management Executive Education Program in Digital Transformation.
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Claire is an attorney at DLA Piper US LLP in Austin, where she advises clients on complex corporate and commercial matters with a focus on diligence, structure, and long-term outcomes. Deeply engaged in the Austin community, she is a Board Member of the Austin Club and a member of the Austin Young Chamber and the Junior League of Austin. She earned her J.D. from Boston University School of Law and her undergraduate degree from The University of Texas at Austin, where she served as Editor in Chief of The Daily Texan.
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