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CaseThe Century Fund
A fund whose stated horizon is one hundred years, structured to survive the tenure of any current partner and to allocate against terminal outcomes rather than quarterly ones.
Financial capability.
To steward long-horizon capital on behalf of institutions intended to outlive their founders. To allocate with the sobriety of an executor and the patience of a librarian.
Underwrite ventures on horizons measured in decades.
Publish an annual letter in the register of institutional prose.
Fund the quiet research that other capital will not.
A fund whose stated horizon is one hundred years, structured to survive the tenure of any current partner and to allocate against terminal outcomes rather than quarterly ones.
A perpetual endowment for the Anabasis Journal, insulating scholarship from the incentives of the news cycle.