Page Foundation Update + New Ways to Discover Managers on OWL

Metavasi profile and more details on OWL's new manager search

February 10, 2026

 

Product Update: New and Improved Manager Search

Before we dig into this week’s content, we wanted to highlight an exciting new feature that launched last week. We have completely redesigned and meaningfully improved our manager search functionality (OWL users can access this by clicking “Managers” on the left-hand menu). Users can now search and filter our 15,000+ managers by more than 60 factors; some of our favorites include filtering by year founded (to find spinouts/new launches), by a particular LP or group of LPs, or by AUM or team growth. All of these options can be found using the blue “Filters” menu on the right side:

Users can also edit the columns they see and save searches to revisit later. Below are a few of our pre-populated “OWL Favorites” saved searches:

OWL was already the best place to find managers and this new functionality massively improves allocators’ ability to do that. We’ll be rolling out additional filters in the coming weeks - if you’re interested in learning more about finding and monitoring managers on OWL, reach out!

 

Page Foundation Update

This week, we’ll take a new look at the Carl Victor Page Foundation, which is Larry Page’s foundation (named after his father). We last profiled the Page Foundation in early 2024. The foundation’s largest investment is in shares of Alphabet, which were valued at $2.7 billion as of 12/31/24, the date of the foundation’s latest filing. The Page Foundation does not appear to have an internal investment team, disclosing $3.7 million in investment management fees to Morgan Stanley in 2024.

 

The foundation received $103 million in contributions (likely from the Page family) in 2024. As a side note, Larry Page has also been busy buying up Florida real estate, with a portfolio now estimated at $188 million.

 

The Page Foundation’s portfolio can be found on its allocator profile page, but is now also easily accessible in our new search functionality using the “Disclosed LPs by Name” filter:

Within that search, users can now filter the foundation’s portfolio by a number of factors, including asset class. Below, we show a sample of VC managers that the foundation is invested in, simply by clicking the VC tag in the second column:

 

Metavasi

Metavasi, a $325 million L/S equity fund based in Larchmont, NY, was founded by Peter Treadway in 2020 after 9 years at Steadfast. The Page Foundation invested in Metavasi in 2021; interestingly, the foundation also stopped disclosing a similarly sized investment in Steadfast in 2021.

Since its initial fundraise, Metavasi does not appear to have raised much capital in recent years:

Source: OWL; Regulatory disclosures

Today, 65% of Metavasi’s disclosed portfolio is in tech stocks, a strategy that worked well in 2025 but has had a tough start to 2026.

Source: Estimated performance of disclosed long positions

Metavasi’s largest disclosed position is AppLovin, despite meaningfully reducing its position over the last few years. The stock has been a drag on 2026 returns but remains one of Metavasi’s most profitable disclosed positions to date, based on OWL estimates.

 

AppLovin Stock Price

Source: OWL; Regulatory disclosures

In late 2024, we highlighted a number of managers who were buying AppLovin, including Dorsey, Kensico, Keenan, Metavasi, and Jericho. In Friday’s newsletter for subscribers, we shared more details on how those positions have performed.

 

Other News/Events

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

Returns represent the return on invested capital of publicly disclosed long positions, as calculated by OWL. Actual returns may vary based on a number of factors, including (but not limited to) undisclosed positions, short exposure, non-equity holdings, cash holdings, and lagged disclosure of positions.

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.