Industries
Three industries, at the top of the AI value chain, where demand is outrunning supply.
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Telecommunications & Digital Infrastructure
Regional data centres, edge facilities, dark fibre, and the connectivity assets carrying AI workloads. Assessed on grid-queue position, capacity absorption, pricing power, tenant concentration, and skilled-trades labour supply.
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Mission-Critical B2B Enterprise Software
Core operational platforms, vertical SaaS, and the data orchestration layers customers cannot switch off. Pressure-tested on generative displacement risk, switching economics, packaging and pricing power, and share shift.
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Advanced Manufacturing & Services (Industrial Tech)
Cooling loops, transformers, switchgear, and smart grid automation at the physical constraint layer of AI compute. Assessed on backlog durability, IP differentiation, customer unit economics, and margin scalability.