Private Growth
Quarterly Updates
Quarterly Strategy Reviews
In these webcast reviews, the featured portfolio managers discuss perspectives on the market environment, the portfolios' top contributors and detractors, and recent purchases and sales.
The 1Q 2026 Quarterly Strategy Reviews for Select Growth, Global Growth, Global Leaders, and Emerging Markets Growth will be available until May 22, 2026.
The 1Q 2026 Quarterly Strategy Reviews for Select Growth, Global Growth, Global Leaders, and Emerging Markets Growth will be available until May 22, 2026.
Flash Reports
Our quarterly summary reports of recent investment results, top 10 businesses, portfolio characteristics and exposures, and contribution analysis are available to download now.
Flash Reports
Our quarterly summary reports of recent investment results, top 10 businesses, portfolio characteristics and exposures, and contribution analysis are available to download now.
Commentary Reports
These reports consisting of portfolio overviews, commentary, contribution analysis, purchases and sales, carbon metrics, engagement, and voting activity are available to download now.
Quarterly Reports
These reports consisting of portfolio overviews, commentary, contribution analysis, purchases and sales, carbon metrics, engagement, and voting activity are available to download now.
“They know where the market is heading and what it needs. It has been a complete alignment with our vision.”
Ajay KhannaFounder & CEO, Tellius 
“They know where the market is heading and what it needs. It has been a complete alignment with our vision.”
Ajay KhannaFounder & CEO, Tellius 
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Latest Thinking
Investment Strategy
Korea in Demand
Korea’s opportunity set has broadened as global demand rises for trusted suppliers across AI infrastructure, semiconductors, power equipment, shipbuilding, nuclear, robotics, and beauty.
Investment Strategy
Beyond GPUs: The Broadening of AI Infrastructure
As AI systems evolve from passive prediction engines into autonomous agents capable of reasoning, planning, and executing complex tasks, the nature of infrastructure demand is beginning to change.
Investment Strategy
From Umami to Automation: How Japan’s Reinvention Is Creating New Investment Frontiers
After many research trips to Japan, we moved to increase some of our exposure to businesses supported by key trends, such as digitalization and advanced computing, industrial innovation, unique consumer preferences, and an aging domestic and global population.
Business Perspectives
Protecting Trust in the Evolving Digital Economy
From a scrappy first meeting to a long-term partnership, Red Sift's Rahul Powar and Mark McGovern, a partner at our Global Venture strategy, share a belief in protecting digital trust at scale. Read about their durable relationship.
Investment Strategy
Space: The Emerging Frontier
A more active space economy is taking shape as cheaper, more reliable launch expands what can be built, deployed, and sustained profitably beyond Earth.
Investment Strategy
The Power Behind AI
Artificial intelligence is becoming an energy and infrastructure story. As data center demand surges, power is emerging as a critical constraint and a potential source of long-term opportunity across generation, transmission, and distribution.
Business Perspectives
Building Resilience in an AI-Driven World
In this podcast episode, Michael Grainger, Global Venture Managing Partner, discusses how AI and cybersecurity are reshaping industries, national security, and investment opportunities within the Sands Capital Global Venture strategy.
Investment Strategy
Beyond the Multiple
At Sands Capital, valuation starts with the business, not the multiple. We assess expected return through long-term earnings power, competitive advantage, and portfolio context to pursue attractive opportunities.
Investment Strategy
From Mission to Mandate
Resilience has shifted from a national security concern to a global economic imperative. As AI transforms systems and cyber threats accelerate, institutions must embed intelligence and security at their core to remain effective.
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