Philadelphia-Based Asset Management
Investment innovation through intelligence
We combine deep operational expertise with disciplined investment analysis to actively create value across public equities, real estate, and venture capital.
Our Edge
Capital paired with expertise
We go beyond deploying capital. Our unique combination of finance and technology expertise allows us to actively create value in every investment we make.
Active Value Creation
We don't just deploy capital — we work hands-on to create tangible value in every investment through operational involvement.
Fundamental Analysis
Deep assessment of business quality, competitive positioning, and growth trajectory before committing capital.
Operational Expertise
We bring domain expertise in technology, real estate operations, and business development to drive value creation.
Investment Principles
Disciplined approach to value creation
Value Orientation
We seek investments below intrinsic value where our operational involvement can accelerate value realization.
Hands-On Approach
We actively contribute operational expertise, industry relationships, and strategic insight to our investments.
Long-Term Focus
We maintain multi-year investment horizons, building value patiently rather than chasing short-term gains.
Capital Preservation
We prioritize avoiding permanent capital loss through diversification, discipline, and deep due diligence.
Investment Focus
Multi-asset approach
We invest across asset classes, combining capital with hands-on operational expertise to create value where others see only risk.
View our approachPublic Equities
Identifying fundamentally strong, mispriced companies at inflection points through behavioral finance insights.
Real Estate
Hands-on value-add real estate investments where operational improvements drive meaningful value creation.
Venture Capital
Active operational partnership with early-stage companies — providing capital, customers, and engineering value.
Why Perseus
A different approach
We believe the best returns come from combining rigorous analysis with hands-on operational involvement — not just writing checks and waiting.
Our commitment to transparency, alignment of interests, and disciplined execution sets us apart in a crowded investment landscape.
“The investor's chief problem—and even his worst enemy—is likely to be himself.”— Benjamin Graham
This insight from the father of value investing forms the foundation of our approach. By understanding the psychological factors that drive market participants, we position ourselves to capitalize on the opportunities their biases create.
Latest Insights
Research and perspectives
Palo Alto Networks (PANW): Cybersecurity Leader Mispriced on Acquisition Dilution
February 2026. The world's largest pure-play cybersecurity company printed a clean beat-and-raise — 33% NGS ARR growth, $16B RPO, $780M revenue guidance raise — yet dropped 8% on a mechanical EPS miss from CyberArk acquisition dilution. At ~41x forward P/E vs. 5-year avg ~55x, we rate PANW a BUY with $210 base target (+40%) and $250 bull case (+67%).
The Disposition Trap: Loss Aversion, the Disposition Effect, and the Hidden Cost of Holding Losers
Investors sell winners too quickly and hold losers too long, costing 3–4% annually. We trace this bias from Kahneman and Tversky through five post-COVID case studies — Meta, Intel, 2022 bonds, Chinese tech, and Boeing — and present a five-step framework for breaking free.
The Overreaction Premium: Mean Reversion, Market Panics, and the Systematic Exploitation of Sentiment Extremes
Markets systematically overshoot in both directions, generating a 5–10% annualized contrarian premium. We examine six post-COVID case studies — from the 2022 energy euphoria to the Liberation Day panic of April 2025 — and present a five-step framework for exploiting overreaction-driven mispricings.
Ready to learn more?
Interested in learning more about our investment philosophy and approach? We welcome conversations with like-minded individuals.