Capital put to work with conviction, not convention.

MINT Capital is a private, invite-only investment firm operating across asset classes and geographies.

01 – Approach

Simple principles, applied consistently.

Our approach is not complicated. We look for situations where the downside is limited and the upside, while uncertain, is meaningful. We try not to do too many things at once.

We stay within what we understand

We pass on a lot of opportunities. If we can't explain why a business is worth owning in a few sentences, we probably shouldn't own it.

We hold for a long time

Our preferred holding period is indefinite. We'd rather own a good business at a fair price than a fair business at a good price — and we're content to wait.

We try not to lose money

This sounds obvious. It isn't. Most of our effort goes into avoiding permanent loss of capital, not maximising short-term returns.

Our money is in the same places as yours

We invest our own capital alongside our partners'. We have no interest in fees generated by activity. We make money when our partners make money.
02 – TRACK RECORD

We have done reasonably well.
We've also made mistakes.

Over the years we have compounded capital at a rate we're satisfied with. We have also made errors of judgement we'd rather not repeat. On balance, the wins have outweighed the losses — though we are cautious about reading too much into any short stretch of good results.

Net IRR

31%

Our annualised return after fees, across all realised and unrealised positions.

MOIC

4.2x

On the positions we have fully exited, we returned 4.2 times invested capital.

AUM

€–

We don't publish the size of the firm. It's not a number we think says much. We're happy to discuss it with a prospective partner.

These numbers cover a period that included some favourable markets. We don't know what the next ten years look like. Past performance is presented net of fees on an unaudited basis. Full documentation available to qualified investors under NDA.
03 – Holdings

A partial view of where we are today.

We hold a small number of positions. Some we've owned for years; others are more recent. We don't think of the portfolio as a collection of trades — more as a group of businesses we've decided to own for as long as they continue to make sense.

Company
Industry
WKN
Activity
MICRON TECHN. INC.
Semiconductors
869020
Reduce
ALPHABET INC.
Technology
A14Y6F
Increase
AMAZON.COM INC.
Retail
906866
Hold
DEUTSCHE BOERSE
Stock Exchange
581005
Hold
ZABKA GROUP
Retail
A40S0F
Increase
AIXTRON SE
Semiconductors
A0WMPJ
Reduce
SALESFORCE INC.
Technology
A0B87V
Increase
BUNDANL.V.24/41
-
BU2F00
Hold
FORTINET INC.
Technology
A0YEFE
Hold
MUENCH.RUECKVERS
Insurance
843002
Increase
REDCARE PHARMACY
Pharma
A2AR94
Hold
ALPHA METALLURGICAL
Resources
A2QNUN
Hold
ALIBABA GR.HLDG
Technology
A117ME
Hold
ALLIANZ SE
Insurance
840400
Hold
ZURICH INS.
Insurance
A1JWRL
Hold
COINSHARES
Crypto
A3GPMN
Hold
B3 S.A.
Stock Exchange
A3DCXA
Increase
STRATEGY
Crypto
722713
Hold
A partial, point-in-time view as of Q2 2026. Values and specific details withheld.
04 – Who We Are

Entrepreneurial thinking.

Our managing partners have spent years building and running technology companies. We know what a good management team looks like under pressure, what product-market fit actually feels like from the inside, and how quickly a promising business can unravel when the incentives are wrong.

Most investors analyse businesses from the outside. We've sat on the other side of that table. We think it makes a difference — not because it guarantees better outcomes, but because it tends to produce better questions.

Jan Marius Marquardt, Founding Partner

Jan Marius Marquardt

Founding Partner

Jan has spent his career building, scaling and selling software technology businesses — with and without outside capital. He serves on numerous boards and advises venture capital funds on software and AI deals. Being a career entrepreneur, he understands the difference between a business that looks good and one that actually works.

Waldemar Wacker, Founding Partner

Waldemar Wacker

Founding Partner

Waldemar is the kind of person who reads the footnotes first. He has co-founded and scaled technology and e-commerce businesses both to exit as well as long-term cash generation. He has been investing his own and others' capital for over two decades — long enough to have developed a clear sense for distinguishing the good from the great.

05 – For Invstors

We work with people
who think like we do.

We are looking for partners who understand that returns come from good decisions over long periods, not from activity. We don't promise consistency quarter to quarter. We do promise that we will treat your capital the way we treat our own.

If that sounds right, we're happy to have a conversation.

Reach us at investors@mnt.capital