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At Sands Capital, we strive to hire exceptional talent who will live our values and support our efforts to deliver on our mission.
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Insights Gained from Past Downturns

Sands Capital portfolio managers reflect on five powerful lessons they have learned while investing through past downturns.

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Episode 3: Credo AI

As artificial intelligence (AI) becomes a part of our everyday lives, making sure it’s transparent and unbiased has become a high priority for businesses, governments, and ordinary people. In this episode of What Matters Most, Scott Frederick, a Sands Capital managing partner, explains how software startup Credo AI is helping to keep AI models responsible. Join us as we look at how Credo AI aims to lead the way in this vital new field.

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Instilling a Long-term Focus

At Sands Capital we encourage our investment team to think in decades not quarters. Director of Research Michael Raab, CFA discusses how culture can support the visionary research needed to find businesses creating the future.

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WEG’s Leading the Way in Sustainability and Innovation

WEG is setting new standards for sustainability and innovation by focusing on energy efficiency and renewable solutions that deliver cutting-edge technologies to align with the needs of a rapidly changing world.

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Philosophy & Approach

Our philosophy is rooted in the belief that, over time, stock prices will reflect the earnings power and growth of the underlying businesses.

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Stewardship

Our latest annual report offers a comprehensive view of how we add value through active stewardship.

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Public Equity

Our newest strategy takes an unconstrained approach to seeking the best growth businesses outside of the U.S.

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Venture & Growth Equity

Sands Capital invests in innovative businesses across all stages of the growth spectrum

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red-haired man in a checkered shirt in a jacket smiles at the camera

Stephen P. Zachary, PhD

Managing Partner

Joined Sands Capital

2016

Work Experience

Sands Capital Ventures (2021 – 2022)
Arlington, VA | Partner

Sands Capital Ventures (2018 – 2021)
Arlington, VA | Principal

Sands Capital Ventures (2018)
Arlington, VA | Sr. Associate

Sands Capital Ventures (2016 - 2017)
Arlington, VA | Venture Associate

T. Rowe Price (2016)
Baltimore, MD | Equity Research Extern

Johns Hopkins University (2008 - 2010)
Baltimore, MD | Laboratory Technician

Dickstein Shapiro LLP (2005 - 2007)
Washington, DC | Paralegal

Education

Johns Hopkins University
PhD | School of Medicine

Washington & Lee University
BA | Philosophy

Stephen is a managing partner on the Life Sciences Pulse strategy, which he founded in 2019. Stephen joined Sands Capital in 2016. He has served on the boards of several therapeutics, diagnostics, and life sciences tools portfolio companies. Stephen received a PhD in neuroscience from the Johns Hopkins School of Medicine. He attended Columbia University for postbaccalaureate studies and received a BA in philosophy from Washington and Lee University. Stephen is a member of the Kauffman Fellows.

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Arlington, VA 22209, USA
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Disclosures and Definitions

Notice for non-US Investors

Sands Capital is an active, long-term investor in leading innovative growth businesses, globally. Our approach combines analytical rigor and creative thinking to identify high-quality growth businesses that are creating the future. Through an integrated investment platform spanning venture capital, growth equity and public equity, we provide growth capital solutions to institutions and fund sponsors in more than 40 countries.

An independent, staff-owned firm founded in 1992 and headquartered in the Washington, D.C. area with offices in London and Singapore, Sands Capital managed more than $54B in client assets as of December 31, 2024.

For institutional and professional investors only. Investment advisory fees are described in Part II of the adviser’s Form ADV.
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