Strategy index · Epoch 02

Ten strategies

Vaults

A vault is a mandate with capital behind it. Each one holds its own positions in private companies, carries its own risk budget and settles on chain. Members allocate to the vaults whose risk they actually want. HOH® runs ten, rated R1 to R5.

Capital deployed: $1.94B
Vaults: 10
Weighted mark: 1.38×
Of capacity: 77.3%
Members: 1.24K

#VaultTierPositionExposure

Reserve

Capital PreservationThe dry powder. No company positions, no lock-up, and the only vault that settles the same epoch it is called.R1SovereignDeployed$132.7MMark1.02×Positions00Cash 82%T-Bill 18%02

Anchor

Late StageThe largest vault in the House. Six companies with revenue, a bank and a plausible listing date.R2SeniorDeployed$412.6MMark1.14×Positions06Frontier 28%Applied AI 22%Fintech 19%Compute 16%Data 15%03

Shield

Downside ProtectedPrivate upside with a public hedge over it. The index is sold against every position in the vault.R2SeniorDeployed$141.8MMark1.15×Positions04Fintech 34%Data 27%Applied AI 18%Compute 12%Cash 9%04

Perpetual

Evergreen CoreSix companies the House intends to hold past liquidity. Trimmed, never sold out of.R3BalancedDeployed$338.0MMark1.39×Positions06Frontier 26%Compute 24%Data 21%Models 16%Applied AI 13%05

Structure

Structured ExposureExposure bought through the instrument, not the equity. Discounts, caps and liquidation preference.R3BalancedDeployed$214.9MMark1.24×Positions05Compute 38%Applied AI 29%Data 18%Frontier 15%06

Compound

Reinvested GainsThe exits, put back to work. Funded only by realised proceeds, never by new capital.R3BalancedDeployed$84.3MMark1.33×Positions05Applied AI 34%Data 31%Models 21%Frontier 14%07

Keystone

Concentrated ConvictionTen positions, no more. To add one, the committee has to sell one.R4DirectionalDeployed$286.4MMark1.62×Positions10Frontier 31%Applied AI 24%Compute 19%Fintech 14%Models 12%08

Momentum

SecondariesBuys the round after the round. Enters on a confirmed mark-up, exits on the next one.R4DirectionalDeployed$167.2MMark1.51×Positions07Applied AI 47%Models 21%Compute 18%Data 14%09

Frontier

Deep TechFusion, autonomy, robotics and the power to run them. Physical risk, decade-long timelines.R5FrontierDeployed$118.5MMark1.96×Positions06Frontier 63%Compute 25%Applied AI 8%Data 4%10

Genesis

Earliest StageThe first cheque. Six positions written before a price existed, held for the whole decade.R5FrontierDeployed$43.6MMark2.74×Positions06Applied AI 41%Frontier 29%Data 19%Compute 11%

10 vaults · sorted by risk tier, then size