Belerion Capital

Belerion Capital is a London-based investment advisory firm and hedge fund manager specialising in e-commerce and technology investing. Its flagship vehicle, the New Wave Fund, is a long/short equity fund that leverages the team's deep sector knowledge to invest in the acceleration of global digitalisation, while also exploiting opportunities presented by structural losers in core sectors. The fund holds 25–30 actively managed positions across listed and private companies, with a global mandate but primary focus on the UK and Europe. On the private side, Belerion targets development-capital-stage companies — more established businesses seeking additional capital and expertise to accelerate growth — typically investing a minimum of £10 million in equity. The firm is agnostic between public and private companies and retains flexibility to participate in pre-IPO situations where a clear pathway to listing exists. Its investment team draws on over 40 years of combined experience in e-commerce and technology, having backed early-stage companies including ASOS, The Hut Group, Boohoo, Metapack, Anatwine, and Eagle Eye Solutions.