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Freccia

Permanent capital shifts the logic of exit away from external deadlines and toward the quality (and trajectory) of the project itself.

Free from constraints

When a fund has a defined lifespan, that lifespan quietly shapes every decision made within it. Entry points are calibrated around the available horizon, growth is measured against the next exit window, and the timing of a sale is, at least in part, governed by the fund’s own cycle rather than the maturity of the business.
For some entrepreneurs this structure brings welcome clarity, but for those whose ambitions require a longer runway, it can introduce a pressure that pulls strategic decisions away from their natural course.
Permanent capital removes that constraint entirely.

We are

not a bank

A bank evaluates solvency, not potential: it extends a loan, sets repayment terms, and its interest ends there. The risk of the venture remains entirely with the entrepreneur: it is not the instrument for those seeking a partner willing to share the bet.

not a private equity fund

A fund enters as a shareholder, shares the risk, and participates in growth, but it operates with a defined time horizon (typically ten years) that creates structural pressure across the entire cycle. The exit could come regardless of whether the timing is right for the business.

a permanent capital firm

Elemento shares the equity logic of private equity but without the pressure of the cycle. An exit exists, but it happens when the logic of the project calls for it. For the entrepreneur, this means working with a partner who thinks with a long-term horizon in every respect.

(also) advisors

In a number of cases, this presence takes the form of a formal advisory relationship. Where full investment is not the right fit, Elemento engages as a strategic advisor, bringing the same depth of involvement and the same long-term orientation to companies that benefit from experienced guidance.

Built to last

The principles behind permanent capital

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Long-term horizon Freccia

Permanent capital eliminates the pressure of a mandatory exit. Decisions can be oriented toward long-term industrial value rather than short-term returns, and downturns can be navigated without being forced to sell at the wrong moment. This enables planning that is genuinely aligned with sustainable and ethic growth, innovation, and consolidation.

Ownership stability Freccia

Permanent capital eliminates the pressure of a mandatory exit. Decisions can be oriented toward long-term industrial value rather than short-term returns, and downturns can be navigated without being forced to sell at the wrong moment. This enables planning that is genuinely aligned with sustainable and ethic growth, innovation, and consolidation.

Strategic alignment Freccia

Permanent capital eliminates the pressure of a mandatory exit. Decisions can be oriented toward long-term industrial value rather than short-term returns, and downturns can be navigated without being forced to sell at the wrong moment. This enables planning that is genuinely aligned with sustainable and ethic growth, innovation, and consolidation.

Financial flexibility Freccia

Permanent capital eliminates the pressure of a mandatory exit. Decisions can be oriented toward long-term industrial value rather than short-term returns, and downturns can be navigated without being forced to sell at the wrong moment. This enables planning that is genuinely aligned with sustainable and ethic growth, innovation, and consolidation.

The companies we believe in
and much more … to back!

SpaceX is a vertically integrated aerospace company developing reusable launch systems and satellite infrastructure to reduce the cost of space access. With proven launch capabilities and the rapidly scaling Starlink network, it is a key player in the global space economy.

Space X

Starbase, Texas, USA

Space X

Starbase, Texas, USA

Aerospace Artificial intelligence

Avvera.ai is an AI-powered platform delivering energy retrofitting solutions for existing buildings, optimizing performance and reducing consumption. By combining diagnostics with AI-driven recommendations, it enables measurable efficiency gains without full infrastructure replacement.

Avvera AI

Venice, Italy, UE

Avvera AI

Venice, Italy, UE

Artificial intelligence Energy

Gamma Waves Partners is a global investment platform focused on backing and scaling premium sports IP and sports technology businesses through a permanent capital approach. Backed by significant founder capital and deep expertise across investing and sport, the platform targets under-monetized rights and tech-enabled opportunities, applying operational discipline and data-driven strategies to unlock value and grow global audiences.

Gamma Waves Partners

Amsterdam, Netherlands, UE

Gamma Waves Partners

Amsterdam, Netherlands, UE

Sport Technology

Telly is a consumer technology company redefining television through a dual-screen, ad-supported platform. By offering free smart TVs monetized via integrated advertising and data insights, it enables a disruptive acquisition model within the connected TV ecosystem.

Telly

Los Angeles, California, USA

Telly

Los Angeles, California, USA

Technology TV set manufacturing

Brandback is a technology platform helping brands reclaim value from secondary markets through buyback and resale programs. Integrated with Glara.ai, it enhances product visibility across AI-driven discovery channels, strengthening retention and unlocking new revenue streams.

Brandback & Glara

Berlin, Germany, UE

Brandback & Glara

Berlin, Germany, UE

Artificial intelligence Circular resale

The Realest is a platform focused on authenticated sports memorabilia and collectibles, connecting fans, athletes, and brands. By combining verified assets with digital engagement and commerce, it unlocks new monetization opportunities in the global collectibles market.

The Realest

Los Angeles, California, USA

The Realest

Los Angeles, California, USA

Artists Athletes