Overview

A key tenet of TAP is that sustained outperformance requires financial and organizational innovation to occur in lockstep with technical discovery. Our network approach enables us to continuously originate and match opportunities with appropriate legal and operational capabilities, and financial structures around the world.

We have established partnerships across industry, government laboratories, and academic institutions. Our capital structure solutions formalize this through structures that can absorb money with different but overlapping mandates — creating efficiencies and productive outcomes for all involved.

Our networks exhibit market properties with embedded risk management. We are often one hop away from a strong information base to help evaluate a technology or prospective partner. The idea is to distribute risk to parties in tranches where those best equipped to take the risk can be incentivized to take it while sharing the load with other participants.

Structural Principles
Permanent capital — no forced exits at arbitrary fund lifecycles
Holdco + portco separation of infrastructure and assets
Spinout recycling — distributions reinvested continuously
Distributed risk — tranched to parties best equipped to bear it
Overlapping mandates — different capital with aligned incentives
Capital efficiency through abstraction layers

Capabilities

Distributed Risk

In deep tech, progress requires taking risks — but not concentrating them. TAP's networks distribute risk to parties in tranches where those best equipped to bear it are incentivized to do so, while sharing the load with other participants. This gives us robust mechanisms for origination, evaluation, and execution underpinned by strong incentives.

Spinout Framework

Commercially viable companies or IP are spun out through focused initiatives. Capital recycles into the holdco through distributions, licensing, exits, or IPOs — while new spinouts are dynamically created as opportunities emerge. The holdco compounds in value whether or not any individual spinout succeeds.

Overlapping Mandates

TAP's capital structure is designed to absorb investment with different but aligned mandates — allowing partners with different return profiles, time horizons, and risk tolerances to participate in the same network. This creates efficiencies and productive outcomes that single-mandate vehicles cannot replicate.

Capital Structures Team

Ricardo Bun

LinkedIn

Co-Founder & Managing Partner, Orient Growth Ventures • Co-Founder, Monitor Capital Investments & Monitor Capital Partners • LP Advisory Board, B Capital Group • Kellogg School of Management

Henk de Jong

LinkedIn

Corporate and Technology Strategy • Entrepreneur, Co-Founder ValueAI Institute • Investor, Venture Partner

Shiva Rajgopal, PhD

LinkedIn

Kester & Byrnes Professor, Columbia Business School • Vice Dean of Research, CBS • ESG, Valuation & Corporate Governance • Schaefer Chair of Accounting, Emory University

Robert Brown

LinkedIn

Founder, Impact Evaluation Lab & Resolution Investors • Founder & Senior Partner, Atlas Impact Partners • Senior Portfolio Manager, AllianceBernstein • Managing Director, Nomura Securities • Executive Director, Global Macro Research, Morgan Stanley

Amit Bhattacharyya, PhD

LinkedIn

Quantum Computing • Senior Engineer, IonQ • Machine Learning & Physics • Financial Industry Quant

Chan Harjivan, PharmD/MBA/MPH

LinkedIn

Special Assistant to the President, Biological Threats • Managing Director/Partner, BCG, PwC • Operation Warp Speed architect

Mark Anthony Gibbons, MBA/MS

LinkedIn

Founder, Ember Agentic Labs • Analytics & Data Science Engineering Manager, Google Cloud • FP&A, CapEx planning & financial data architecture • Berkeley MIDS

Andrew Francis

Founder • Distributed Innovation • Entrepreneur, Impact Investor

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