The curated database of hedge funds that publish investor letters. Research by geography, strategy, and schools of thought.
| # | Fund | Strategy | Style | Geography | AUM | Latest Letter |
|---|---|---|---|---|---|---|
As of Jul 28, 2026
Square Peg delivered strong portfolio performance with 30% compounding over 12 months and total realizations exceeding $1 billion since inception, driven by fundamental growth across vintages and material valuation uplifts in companies including Airwallex, Supabase, Aidoc, and others. The firm has developed a framework for assessing AI disruption based on whether AI is a structural tailwind or headwind and whether companies act AI-native, applying this to both portfolio management and new investments. Existing portfolio companies like Airwallex, Supabase, and Aidoc are successfully integrating AI to strengthen moats and accelerate growth, with Airwallex reaching $1.3 billion annualized revenue and Supabase seeing 600% growth in database launches driven by AI agents. Recent early-stage investments concentrate on AI-native companies attacking labor markets, including Byron, Lorikeet, Sumble, and Cuttable. The firm views Singapore's emergence as a global tech hub as a significant opportunity, with their APAC-wide strategy providing pattern-matching advantages during this period of unprecedented value creation and elevated entry valuations.
Square Peg is positioned to capitalize on the AI era by backing AI-native startups attacking labor markets far larger than traditional software budgets, while their existing portfolio of founder-led companies demonstrates the capability and mindset to create substantial incremental value by embracing AI as an accelerant rather than a threat.
Square Peg expects the coming decade to produce technology companies of a scale the world has not seen before, with a number emerging from APAC. They view the next few years as an extraordinary period of value creation by AI-native startups, with larger markets producing bigger winners despite higher failure rates. The firm enters this period with fresh capital, a portfolio embracing AI from a position of strength, and confidence that their multi-geography strategy provides significant advantages in pattern-matching and opportunity selection.
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