LASP Capital

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 propriety valuation methodology to manage the inherent risk of multiple compression that comes with investing in high-quality growth companies. Throughout our careers, we have spent more time investing in private companies (including early-stage “angel” investments, growth equity, and buyouts) than in the public markets. Nonetheless, we founded LASP with a focus on public market investments because we believe that public equities offer a more compelling set of value creation opportunities without much of the “friction” inherent in Private Equity investing.