We know who is moving capital.
Our coverage spans 500+ family offices, crossover funds, and institutional allocators.
We know who is moving capital, into what, and why. That intelligence shapes how we position each mandate and which conversations we open.
Institutional discipline, boutique alignment.
A merchant bank does not simply advise. It commits judgment, relationships, and where it counts, its own conviction, alongside the people it serves.
Three core values, without exception.
One team
One team, ours and yours. No silos and no handoffs; the partners who begin your mandate are the ones who carry it to close.
The Craft
In a world where capital is hard to raise, our standard is to combine care, precision and clear communication to enable successful mandates.
Seeing the Unseen
The discipline the firm is named for: accounting for the second-order effects, the value and the risk that sit just outside the frame.
An idea older than the firm.
Our name belongs to Frédéric Bastiat, the 19th-century economist who taught the world to weigh not only what is seen, but what is not. That discipline is also our standard of work: to account for the second-order effects, the value and the risk that sit just outside the frame.