One dealat a time.

Without a fund mandate or the pressure to deploy, we assemble capital only around the opportunities we have conviction in.

  • 01Deal by deal
  • 02SPV structured
  • 03Seed to Series A
  • 04Europe / Global

01What we do

We invest selectively on a deal-by-deal basis, with a focus on fundamentals.

We identify opportunities, underwrite them carefully, and assemble capital around the ones that pass through our filters. Each investment is a discrete decision, and while we operate across private markets, the instrument always stays secondary to the discipline.

01Stages
Seed to Series A
We stay flexible enough to follow conviction beyond them.
02Verticals
Finance and technology
We draw no artificial boundaries around them.
03Geography
Europe as a base
We treat the world as the market.

We work behind the scenes,so the companies we backcan take the stage.

02Our philosophy

We look past trends to the underlying forces that create them.

We pass on more than we back, and we ask the uncomfortable questions before a deal closes, because the only conviction worth acting on is one we can defend.

03How we invest

We take a high-conviction approach to ensure each investment stands on its own merit.

Every deal sits within its own SPV, with no fund-level pressure distorting the decision. Co-investors participate in specific ideas rather than a pooled strategy, and because we take a small number of positions, we can take each of them seriously.

Paligan arranges each investment in its own SPV. Every SPV holds one company, and co-investors choose to join each SPV individually.

  1. SPV 01

    Target

    Co-investors

  2. SPV 02

    Target

    Co-investors

  3. SPV 03

    Target

    Co-investors

  1. 01SourceWe find a company we understand and underwrite it on its own terms.
  2. 02StructureEach investment sits in its own SPV, so no deal carries the weight of another.
  3. 03ExecuteCo-investors commit to the deals they choose, and we see each one through.

04Insights

  1. 02Our Take on Private CreditInvestment Approach
  2. 03Backing Fewer, Backing BetterInvestment Approach
  3. 04Radian Is Now PaliganFirm Update
  4. 05When Should You Raise with a CLA?Founder's Playbook
All insights

05Work with us

Founders

Raising at seed or Series A?

Tell us about the company, the round and why now.

Write to us

Co-investors

Invest one deal at a time.

Each deal reaches you on its own, and you decide on each one.

Write to us Sign in to the portal