A Newly Disclosed MIT Manager

At Old Well Labs, we pride ourselves on having the most timely and accurate data on the disclosed manager holdings of leading allocators. Recently, we discovered two newly-disclosed manager relationships for MIT that we believe are not currently shown on any other platforms. Both appear to be representative of MIT’s focus on small and emerging managers. Details on one are below, and OWL users received more info on the other in last Friday’s newsletter.

Allocator filings are one of several ways to identify promising emerging managers on OWL – users are also able to see new ADV filers, new 13F filers, and team change alerts, helping them identify interesting managers before they are discovered by peers.

Meditation Capital

Meditation Capital was founded in 2022 by Timothy Liu. The firm reports $32 million in AUM, and filings show that MIT represents about $9 million of that. Prior to Meditation, Liu was Head of Asia at Third Point and Head of Consumer and Tech at Scopia Capital. Meditation is a long-only manager focused on quality companies, and they publish their letters publicly on their website. While the firm is currently too small to file most typical ownership filings (e.g., 13Fs), we’re able to get some insight into its positions through its letters, including positions in Lottomatica (an Italy-based B2C gambling operator where Parvus is also an investor), Kaspi (Kazakhstan-based fintech company), and PDD Holdings.

In addition to surfacing the new managers, the latest MIT filing showed a $27 million redemption from Hillhouse, where MIT’s disclosed investment has continued to decline.

For more details on MIT’s entire portfolio, OWL users can see the full portfolio on MIT’s profile page. If you’d like to learn more about how to use OWL to track interesting new managers like Meditation, reach out!

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About Old Well Labs

OWL is an intelligence platform built for allocators, by allocators. Leading endowments, foundations, and family offices use the system to find, monitor, and connect with thousands of fund managers globally. OWL's analytics engine has collected over one billion data points from 65 countries. We make it easy for allocators to find and track information about the managers they care about – not just positions but also performance analytics, people data, business information, and details about the manager investments of other allocators.

Disclaimers

This newsletter and the material on the Old Well Labs platform are for informational purposes only and should not be considered investment advice or a recommendation of any particular security, manager, or strategy. Old Well Labs shall not be liable for any investment gain or loss that may occur from the use of this material. No part of this material may be reproduced in any form or used in any publication without express written permission from Old Well Labs.