Global growth investing in the public markets.
Focus on high-quality financial models targeting large addressable markets.
Long-term investment horizon.
Aim to invest in the best businesses, regardless of geography or industry.
A B O U T
Global growth investing with a long-term horizon
LASP Capital invests in publicly-traded equities using a long-only strategy, with a focus on global growth companies. LASP looks to invest in companies that have a consistent trajectory of 20-30+% growth, targeting large addressable markets using a recurring or highly re-occurring revenue model.
Other financial characteristics that are important to LASP include: high Gross Margins, strong returns on Sales & Marketing spend, negative Net Working Capital, low Capital Expenditure requirements, and clear evidence of operating leverage over time (even if profitability / cash flow is still negative currently).
LASP utilizes a proprietary valuation methodology to manage the inherent risk of multiple compression that comes with investing in high-quality growth companies.
O U R P H I L O S O P H Y
The LASP
approach
Experience
Diverse career experience as operators / entrepreneurs and investors outside of the public markets.
Efficiency
Lean operating structure at LASP Capital.
Investment Horizon
A long-term investment approach, with the expectation that each position will be held for 2-3 years (or more).
Investment Goals
Similar to a Private Equity fund, focus on generating absolute returns (2-3+x Return on Capital) for each investment.
P A R T N E R S
Doug
Scherrer
// Private Equity Investor: General Atlantic (2005-2013), ClearLight Partners (2017-2020)
// CFO of Nubank (2014-2016)
// Started career at The Boston Consulting Group (2003-2005)
// Economics degree from Princeton University, magna cum laude
// Based in Los Angeles, California
Lucas
Amoroso Lima
// Public Equities Investor: VELT Partners (2016-2020)
// Co-Founder and CEO of Men’s Market (2012-2016)
// Started career as a Private Equity Analyst at Patria Investimentos (2011-2012)
// Business Management degree from EAESP-FGV (Fundação Getulio Vargas)
// Based in São Paulo, Brazil
Monthly Letters
