Tectonic Digital Asset Opportunities Fund
The Fund is an actively managed diversified portfolio of 10-40 investments in companies and assets in the digital asset ecosystem globally. (For Wholesale Investors Only)
The Tectonic Digital Asset Opportunities Fund is an actively managed ‘best-ideas’ portfolio focused on companies, assets and tokens in the blockchain ecosystem globally.
The Fund’s unique strategy seeks to invest directly into established coins and tokens, as well as investing into listed and unlisted investments companies operating in the blockchain/crypto/DeFi ecosystem.
The Tectonic Digital Asset Opportunities Fund is an actively managed diversified portfolio of 10-40 investments in companies and assets in the blockchain ecosystem globally.
Bitcoin and Ether together make up a large portion of the Fund's cryptocurrency allocation (0-75%), which is complemented by a small allocation to other emerging tokens. The Fund also has a sizable allocation to 'picks and shovels' equity investments that is split between listed equity investments (0-25%) and unlisted assets (0-25%).
The digital asset ecosystem is an emerging asset class and as a result, it is inherently volatile. There have historically been significant swings in prices and this is expected to continue as the asset class matures. As such, while the Fund has a diversified portfolio to minimise short-term fluctuations, it is not immune to the volatility in the asset class.
We believe that taking a longer-term approach (2+year timeframe) to deliver capital appreciation is the right way to invest in this sector.
Play the entire digital asset ecosystem: The Fund takes a holistic view on the entire digital asset ecosystem, which is based on the adoption of blockchain-based financial tokens (e.g., Bitcoin, Ether, Solana etc.). The opportunity set includes enablers (e.g., mining companies, exchanges, service providers), decentralised applications and decentralised autonomous organisations that are built on the blockchain network (e.g., marketplaces, gaming companies). We believe that instead of picking future winners in this space, a combination of owning established financial tokens, combined with owning equity stakes in the enablers and service providers (i.e., the picks and shovels approach) is the best way to gain exposure to the investment theme.
Volatility is a feature, not a bug: As the adoption of financial tokens such as Bitcoin becomes mainstream, polarising views and figures have emerged that can drive the price of these tokens into wild swings based on sentiment. We accept this as a feature and not a bug and believe that as the adoption continues to become mainstream (several public and private companies as well as mainstream funds hold Bitcoin on their balance sheet), the volatility should give way to more stable valuations.
Access to unlisted opportunities: Some of the major innovations happening in the digital asset ecosystem are in the private markets. A significant amount of talent is leaving big tech firms such as Apple, Facebook, Google etc. and moving to start-ups. Tectonic, through its network, has access to proprietary deal flow in the private markets to secure access to these innovative companies in their early stages, before they tap the public markets through an IPO.
Institutional-grade custody arrangements: The Fund holds cryptocurrencies with BitGo, which provides fully regulated, qualified cold storage, with assets insured by Lloyd's of London. BitGo is a leading digital asset security and custody provider which serves over 1,500 institutional clients in over 50 countries. A customised approval workflow is implemented where withdrawals are authorised by the trustee, Boutique Capital.
The investment examples provided above are for illustrative purposes only. The actual portfolio investments may differ.
Tectonic Investment Management Pty Ltd (the Company) is a corporate authorised representative of Boutique Capital Pty Ltd (BCPL) AFSL 508011, CAR Number 1282097.
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To the extent to which this website contains advice it is general advice only and has been prepared by the Company for individuals identified as wholesale investors for the purposes of providing a financial product or financial service, under Section 761G or Section 761GA of the Corporations Act 2001 (Cth).
The information in this website is not intended to be relied upon as advice to investors or potential investors and has been prepared without taking into account personal investment objectives, financial circumstances or particular needs. Recipients of this information are advised to consult their own professional advisers about legal, tax, financial or other matters relevant to the suitability of this information.
Any investment(s) summarised in this website is subject to known and unknown risks, some of which are beyond the control of the Company and their directors, employees, advisers or agents. The Company does not guarantee any particular rate of return or the performance, nor does the Company and its directors personally guarantee the repayment of capital or any particular tax treatment. Past performance is not indicative of future performance.
All investments carry some level of risk, and there is typically a direct relationship between risk and return. We describe what steps we take to mitigate risk (where possible) in the investment documentation, which must be read prior to investing. It is important to note risk cannot be mitigated completely.
Whilst the contents of this website is based on information from sources which the Company considers reliable, its accuracy and completeness cannot be guaranteed. Data is not necessarily audited or independently verified. Any opinions reflect the Company’s judgment at this date and are subject to change. The Company has no obligation to provide revised assessments in the event of changed circumstances. To the extent permitted by law, BCPL, the Company and their directors and employees do not accept any liability for the results of any actions taken or not taken on the basis of information in this website, or for any negligent misstatements, errors or omissions.
Tectonic Investment Management (Tectonic) is an active boutique investment manager based in Kingscliff, Australia. Tectonic is 100% independent and owned by the investment team.
Tectonic was founded in 2020 by Ben Haan, who has more than 20 years of relevant experience in private equity investment, public equities investment and management consulting across Australia, Europe and the United States.
The team have a long and successful track record having worked together for 14+ years. We are the largest investors in the Fund and our unique fee structure means that we are aligned with the Fund’s investors in maximising returns while limiting downside risk.
Ben has more than 20 years of relevant experience across private equity investment, public equities investment and management consulting.
Ben has a global perspective having lived and worked in London, New York, Switzerland, Sydney, Stockholm, and Rotterdam over the past two decades.
Most recently he was a Partner and Head of Asia-Pacific Infrastructure at Partners Group, the Swiss-headquartered global private alternative asset manager. During his 12 years at Partners Group, Ben was responsible for the origination and execution of more than USD 1.5bn of direct private equity
investment, generating > 2.0x realised return and an average internal rate of return (IRR) > 25% across all investments (as of 31 December 2019).
Prior to joining Partners Group, Ben completed his MBA at Monash Business School and worked 7+ years in management consulting in the UK and Australia.
Michael has over 20 years of experience in private equity and financial services.
He still serves as Operating Partner at Partners Group’s Private Infrastructure business. Previously, he served as Co-Head of the Private Infrastructure business department and Chairman of the Private Infrastructure Investment Committee.
He has been with Partners Group since 2000. Prior to joining Partners Group, he worked at Zurmont Management and SBC Warburg.
Michael holds a master’s degree in economics from the University of St. Gallen (HSG), Switzerland. He is also a CFA charter holder, a certified Swiss stock trader, and holds the Financial Risk Manager designation.
Nandan is a former Senior Vice President of the Private Infrastructure investment team at Partners Group, the Swiss-headquartered global alternative asset manager.
During his 12 years at Partners Group, Nandan worked closely with Ben and Michael and was responsible for originating, executing and realising direct private equity investments in the energy and infrastructure sector. Nandan worked in Partners Group’s Singapore and Sydney offices and has led several transactions in Asia and Australia.
Prior to joining Partners Group, Nandan worked as an analyst at Bloomberg LP and spent 2 years in private equity research. Nandan holds a bachelor’s degree in business management from Singapore Management University.
Past performance is not indicative of future performance
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