The TMT team primarily invests in the technology and media sectors, and selectively in niches of the telecoms sector. Within software, electronics and semiconductor markets, the investment focus is on product-based companies with high intellectual property content. Within the media sector, the investment focus is on B2B publishing and other high intellectual property companies including those driven by the internet. The team has over 60 man-years of expertise in industry specific application software and B2B publishing, particularly subscriber-based revenue models.