Active Positions
15
Across 6 strategies
Total Invested (USD equiv.)
~$4.4M
Capital called / contributed
Total Distributions ITD
~$727K
Cash returned to CIH (ITD)
Blended MOIC (est.)
~1.2×
Based on reported NAVs
Vintage Range
2019-2026
Earliest: Outward VC (2019)
01
Private Credit
ACRE Credit Offshore LP
US Multifamily Private Credit · New York
4.6% Q1 Yield
Private Credit
Real Estate
Multifamily
USD
Committed
$2.0M
Called
$1.68M
84% drawn
Distributions ITD
$733K
~91% interest income
Q1 2025 Distribution
$46.3K
Annualised ~11%
Capital Deployed84%
Strategy: 1st mortgage bridge loans on US multifamily (75% LTV) + mezz/pref equity. Target low-to-mid teens net IRR. $733K total distributions received since inception - predominantly interest income at ~11% annualised yield on contributed capital. Ownership: 4.30% of fund. Firm AUM $1.8B, zero historical defaults.
02
Venture Capital
Outward VC Fund LLP
Early-Stage VC · London
1.12× TVPI
Venture Capital
Early Stage
GBP
UK/Europe
Committed
£500K
Called
£469.1K
93.8% drawn - 15 calls
NAV (Dec 2025)
£508.8K
1.05% fund ownership
Distributions ITD
£18.4K
DPI 0.04×
Commitment Drawn93.8%
TVPI 1.12× · NAV £508.8K + £18.4K distributions vs £469.1K paid-in. 93.8% called. Late-stage; one final drawdown ~£30.9K remaining. Full dashboard available.
Peregrine Growth F4
Israeli Growth VC · Or Yehuda
77.8% Called
Venture Capital
Israel
Tech/Growth
USD
Committed
$150K
Called to Date
$67.8K
2 calls: Jan + Jul 2022
Remaining Uncalled
$82.2K
55% still to be called
NAV / IRR
TBC
No recent statement
Commitment Drawn45%
55% still to be called ($82.2K). Israeli growth VC. No recent NAV statement. Manager: Peregrine Ventures GP LP, Or Yehuda.
Catalio Nexus Fund III
Biotech / Life Sciences VC · New York
IRR 2.86%
Venture Capital
Biotech
Life Sciences
USD
Committed
$250K
Called
$228.8K
91.5% drawn
NAV (Sep 2024)
$168.1K
Administered by SEI
Distributions ITD
$45.8K
18.3% of committed
Net IRR
2.86%
Net MOIC
1.06×
Since inception
91.5% called · NAV $168K vs $228.8K contributed, partially offset by $45.8K distributions. TVPI 1.06×. Biotech VC; returns expected over longer horizon.
Catalio Genesis Fund X
Deep Tech / Bio-AI VC · New York · Flourish Labs
🔥 $2.5B Round
Venture Capital
Deep Tech
Biological AI
USD
Pre-Money Val (T1/T2)
$1B → $4B
1:1 ratio T1 vs T2
CIH Committed
$180K
$90K wired · $90K T2 pending
Lead
Flourish Labs
Neurobiological AI · ex-Meta/IARPA
Status
Jan 2026 Close
SPV · 50% wired at close
Cortex AI — neurobiological synthetic intelligence built on human connectome data. 1,000× faster learning than transformers. $2.5B valuation (Bloomberg Apr 2026).
Karatage LP (Victory Park VC)
Crypto Fund-of-Funds · Isle of Man
Fund: 1.57× MOIC
Crypto
Fund-of-Funds
Direct Investments
USD
CIH Invested
$850K
CIH NAV (Jun 2025)
$994.4K
1.17× MOIC (CIH)
Fund NAV (May 2025)
$34.4M
vs $25.1M invested (fund)
YTD 2025 Return
-11%
Crypto market correction
Fund fully deployed. Top holdings: SUI (6.83×), Animoca (6.28×), TON (1.82×). No management fees; 20% carry. GP: Marius Barnett & Jonathan Fayman.
Gilmartin Capital Fund I
Private Fund · Larkspur, California
Active
Private Fund
LP
Co-invest w/ JF
USD
Total Calls to GP (CIH)
$115.5K
DF share of $231K total
Net Owed by Cardona
$22.1K
To JF (per recon)
Payments Back to JF
$93.4K
From Cardona to JF
NAV / IRR
TBC
No statement available
6 capital calls totalling $231K of $400K JF commitment (DF share $115.5K). Delaware LP, Aug 2021. No NAV statement available.
Apptronik (via Polis Capital)
Humanoid Robotics · Austin TX / Tel Aviv
$5B Val.
Robotics
Embodied AI
RaaS Model
USD
LOI Pipeline
$800M+
ARR value of signed LOIs
Google Investment
9-figure
Exclusive DeepMind partner
Unit Pricing (RaaS)
$80-110K
Per robot / year
CIH Invested
$250K
USD · confirmed
Apollo humanoid robot · 13 pilots: Mercedes-Benz, NASA, Google, Audi, NVIDIA. Google/DeepMind invested 9-figures with 100+ engineers embedded. Series B at $5B+. One of two credible commercial humanoid companies.
Catalio Access Fund VIII - Iambic
AI Drug Discovery · San Diego / Clinical Stage
Series C Co-Invest
Biotech
AI Drug Discovery
Clinical Stage
Co-invest w/ JF
USD
Round
Series C Crossover
Final close, oversubscribed
Round Size
$100M+
Blue-chip syndicate
Investment (CIH)
$50,000
Via Catalio Access Fund VIII
Wire Date
Feb 4, 2026
Co-invested with JF
AI drug discovery platform · IAM1363 in clinic (anti-cancer). Syndicate: Sequoia, NVIDIA, Mubadala, ARK, Regeneron. Nobel laureate Frances Arnold on SAB. CIH co-invested Feb 2026 via Catalio.
CloudNC
Industrial SaaS · London / US
$5.5M ARR
SaaS
Industrial AI
CNC Machining
GBP CLN
ARR (Q4 2025)
$5.5M
5.5× growth in 2025
CIH Invested
$250K
Series B 2022
CAC Payback
6 months
Down from 14 months (Q1)
Monthly Burn
£0.65M
Q2 2025 (down 20%)
ARR $5.5M (Q4 2025) · 5.5× growth in 2025. Enterprise wins: Lockheed Martin, Blue Origin, NASA. Down round planned at reduced valuation. Wildcard: Autodesk acquisition.
Prometheus (via SPV)
Physical AI · Industrial Automation · San Francisco
$38B Val.
Physical AI
Industrial
Series B
SPV
USD
CIH Committed
$350K
Polis Strategies Fund LLC · Series 4
Post-Money Val.
$38B
Series B · Apr 2026
Total Raised
$16.2B
$6.2B (Nov 2025) + $10B (Apr 2026)
Carry / Mgmt Fee
15% / 2%
Side letter terms (signed)
$350K · signed 24 May 2026 · Polis Strategies Fund LLC Series 4 → Alpha Wave IX LP → FL2024-008 Inc. (Prometheus) Series B Preferred. Side letter: 15% carry / 2% mgmt fee. Jeff Bezos + Dr. Vik Bajaj (ex-Google X). Physics-aware AI for aerospace, defence & semiconductors. JPMorgan, BlackRock, DST investors. ⚠️ Pre-revenue at $38B; DeepMind AlphaEvolve already in production in same sector. IC memo: Stage 1.
Anthropic (via SPV)
AI Safety / Foundation Model · San Francisco
$900B Val.
AI / Foundation Models
AI Safety
SPV
USD
CIH Committed
$250K
Via SPV
Entry Valuation
$900B
SPV entry price
Founders
Amodei
Dario + Daniela
IC Status
Stage 1
Pre-research memo
$250K committed via SPV into Anthropic at $900B valuation. Makers of Claude. Backed by Google, Amazon, Spark Capital. IC memo in progress — valuation premium vs. last primary round to be interrogated in Stage 3 (LLM Council).
03
Private Equity & Operating Companies
May Capital Sun Investments LLP
UK Buy-and-Build · London
~14% Stake
Private Equity
Buy-and-Build
Waste & Demolition
GBP
LLP Investments at Cost
£3.13M
Dec 2024 (unlisted, at cost)
CIH Stake (est.)
~14%
Post Project Crimson raise
CIH Committed
£900K
£250K+ called to date
LLP Net Assets
£3.34M
Dec 2024
Platform: Sun Environmental Services (skip hire + recycling + demolition, East Anglia/London). 7 sites: acquired Advanced Demolition Ltd (Hoddesdon, Jan 2024, £4.2M) + Project Crimson (NW Norwich, completed 2024). Wash plant now operational at Thetford - targeting £75K/month savings at capacity. Capital introduced to MCSI since inception: £3.55M. Manager: Noah Bulkin / May Capital Advisors Ltd.
04
Hedge Fund / GP-Backed
JNE Illiquid Opportunities Fund
European Distressed / Special Situations · London
1.39× TVPI
Distressed Debt
Special Situations
Illiquid Equity
USD
Committed
$1.0M
9.52% of fund LP
Called
$590.1K
59% drawn
Distributions ITD
$459.6K
DPI 0.78× on called
NAV (Mar 2025)
$318.5K
Post large Q1 2025 distribution
TVPI ~1.32× ($459.6K + $318.5K = $778.1K / $590.1K called). Significant Q1 2025 distribution: $349.3K returned, of which $61.9K recallable. $703.5K of original $1M commitment still uncalled. Fund: ~$175M final size, Europe-focused. Manager: Jonathan Esfandi (ex-MSD Partners). Strategy: Distressed 40% · Lending 40% · Illiquid Equity 20%. Track record: 30% gross IRR / 1.38× MOIC across 54 prior investments.
05
Listed Equity — Managed by JF
Sui Group Holdings Ltd
NASDAQ: SUIG · Wayzata, Minnesota
⟳ live
Listed Equity
NASDAQ
Held by JF for DF
loading...
DF Cost Basis
$100K
17,094 shares @ $5.85
Current Price
...
NASDAQ: SUIG
Current Value (DF)
...
17,094 × live
Unrealised P&L (DF)
...
vs $100K cost
Stock held by Jonathan Fayman on behalf of David Fine. Total position: 66,420 shares ($388.6K total outlay - JF: $288.6K / DF: $100K). Acquired Aug 2025 @ $5.85/share. DF share: 17,094 shares.
06
Real Estate
Pensam PCO Feeder Fund I
US Multifamily Real Estate · Miami
~1.17× MOIC
Real Estate
Multifamily
USD
Co-invest w/ JF
DF Invested
$250K
Aug 2023
Capital Returned (DF)
$68.7K
27% returned to date
Remaining Value (DF)
$223.7K
Est. NAV
TVPI
~1.17×
Total value / paid-in
DF share: $250K out of $500K total (co-invested with Jonathan Fayman). Target 16% gross IRR. Strategy: equity and structured finance in Class A/B multifamily across continental US via BH Management platform. Capital returns commencing; still $223.7K remaining to be returned. Co-managed by Gavin Beekman (ex-Cidel, South African CA).
Haben Wollongong Trust (HWT)
Retail Real Estate · Wollongong NSW · AUD
11.9% Yield
Real Estate
Shopping Centre
Australia
⚠️ Exit Dec 2026
CIH Invested
$465K AUD
0.445% of fund · Dec 2021
Target IRR
19.8%
Base case · 6% exit cap
Occupancy
98%
54,919 sqm · 1,989 spaces
Fund Exit
Dec 2026
~7 months · Year 5 terminal
Wollongong Central SC · 200 Crown St · 98% occupied. Anchors: David Jones, Coles, H&M, Target. Exit at ~$640M (6% cap rate). Quarterly distributions at 11.9% in Year 5. JV: Haben + JY Group (Dong Family, 50/50).
07
Personal & Family — 36ONE Funds
Standard Bank · Lionhold Family Trust + personal accountsCombined Contributed
R48.0M
Combined Value
R48.70M
Combined P&L
+R701.4K (+1.46%)
Last Updated
12 May 2026
Adviser: David Cumming · Manager: 36ONE Asset Management
Data Sources
All figures sourced from fund capital account statements, capital call notices, investor reports and internal reconciliation documents held in the CIH Google Drive (drive.google.com - KDD account). NAVs are unaudited manager estimates unless stated. Currency conversions not applied - USD, GBP and ZAR figures shown as reported. Some investment sizes (Apptronik, Catalio Genesis, Iambic) not disclosed in available documents. This dashboard is for internal CIH use only - strictly confidential.
All figures sourced from fund capital account statements, capital call notices, investor reports and internal reconciliation documents held in the CIH Google Drive (drive.google.com - KDD account). NAVs are unaudited manager estimates unless stated. Currency conversions not applied - USD, GBP and ZAR figures shown as reported. Some investment sizes (Apptronik, Catalio Genesis, Iambic) not disclosed in available documents. This dashboard is for internal CIH use only - strictly confidential.