Capital for the systems that power, extract and compute the next economy.

383 is an independently owned investment firm in Liechtenstein, working across energy systems, critical materials and technology. It invests its own capital and does not seek or accept external investors.

Fig. 1 One scalar field, redrawn as power, terrain and circuitry. Move the pointer through it.Drag a finger through it.

f = y + a sin(kx − ωt)

Industrial transition is a physical systems problem.

The fashionable version is weightless: software, dashboards, targets and elegant abstractions. The useful version still has to move electrons, permit mines, finance equipment, secure materials and build systems that work outside a slide deck.

Energy security, resource access and compute capacity are no longer separate stories. They are one constraint set, and capital behaves better when it treats them that way.

Fig. 2 One typeface, set at weight 100 and weight 850.

Three connected markets, one operating logic.

383 does not treat energy, mining and technology as separate categories. Each one changes the economics of the others, and the interesting work sits in the overlap.

Energy systems

Generation, storage, grid resilience and efficiency: technologies that make reliable power more available, more flexible or less wasteful.

Where 383 has invested

  • Photovoltaic technology
  • Wind farms in Europe and the United States
  • Research into safer nuclear energy
  • Sodium and hydrogen energy research

Critical materials

Mining, mineral exposure and reclamation, where geology, permitting, local impact and market timing all matter at once.

Where 383 has invested

  • Open-pit ventures in Europe
  • Market exposure in Australia and South Africa
  • Sites returned in equal or better condition than they were found

Technology

Compute, software, semiconductors and applied research that make the physical world more productive. Technology is the largest share of the portfolio.

Where 383 has invested

  • Listed technology companies and start-ups
  • IT, internet and mobile
  • Semiconductor development
  • Medical research

Fig. 3 Three-phase supply, slowed a hundredfold from 50 Hz. Three currents, 120° apart, sum to zero at every instant.

Fig. 4 Section through a folded ore body: survey, extraction, reclamation.

Fig. 5 A 300 mm silicon wafer, exposed one die at a time. The colour is interference in its oxide film.

i₁ + i₂ + i₃ = 0

Long-horizon capital, without the theatre.

The investment team has managed portfolios since 2003: through the financial crisis, the euro-area debt crisis, the oil price collapse, a pandemic and an energy shock.

  1. 2003 Managing portfolios
  2. 2008 Financial crisis
  3. 2011 Euro-area debt crisis
  4. 2014 Oil price collapse
  5. 2020 Pandemic
  6. 2022 Energy shock

Fig. 6 Copper from 2003 to today. Verdigris is what time leaves on the metal.

Internally funded

383 invests its own capital. It does not seek or accept external investors, and nothing on this site is an offer.

Listed and private

Global equity portfolios are the core of the work, alongside private and sector-specific situations where the risk is understood.

Local benefit

Good industrial projects leave something useful behind: local jobs, infrastructure and repaired land.

For operating companies, counterparties, projects and press.

Liechtenstein, 47.1° N 9.5° E

Fig. 7 The field again, at rest.