SUPERREALIS

Beyond Human Patterns · Singapore

Intelligence is
becoming physical.

SUPERREALIS is a Singapore principal investment firm. We invest our own capital where intelligence meets the physical world: the compute, power, materials and machines that artificial intelligence now depends on, much of it built across Asia.

Open the firm console Our approach
Own capital
Permanent capital and no clients. Our horizon is set by the evidence, never by a redemption date.
Bold by design
Full conviction where fundamentals and evidence align, inside limits the Board sets in advance.
Venture conviction, priced by regimes
Venture-grade theses held in liquid listed markets, from 20 to 90 days to cycles of 4 to 12 years.

The firm

A principal investment firm, built to last.

We invest solely our own capital. We do not manage money for others, accept outside investment or provide advice. That choice is the foundation of everything else we do.

We are built as an AI-native investment organisation. Without clients to answer to, we can hold a view for as long as the evidence supports it, and step aside the moment it does not.

Our core discipline is long/short equity, informed by macro regime analysis and concentrated on one structural shift: intelligence is becoming physical. Models need chips, chips need power, power needs grids and materials, and machines are beginning to act in the world. Each link in that chain is repriced as the shift accelerates, and rarely in the order consensus expects.

We are deliberately lean and deliberately rigorous. Fundamentals come first, then timing, then trade structure, then risk. Every trade carries a pre-trade record and a post-trade review, and alpha is measured against a beta-adjusted benchmark, so the return earned by skill is never confused with the return earned by market exposure.

Founded
2026
Domicile
Singapore
Capital
Proprietary only
Discipline
Long / Short equities
Focus
Intelligence meets the physical world
Horizons
20 to 90 days; cycles of 4 to 12 years

Our blue ocean

Venture conviction.
Priced by regimes.

Venture capital sees structural change early, then waits years, locked up, for a price. Public markets offer liquidity and price discovery, yet rarely look beyond the next quarter. Institutional allocators govern risk superbly, but stand far from the thesis.

The space none of them occupies is ours: venture-grade theses on intelligence becoming physical, held long and short in liquid listed markets over horizons from 20 days to full cycles of 4 to 12 years, priced against the regime, sized in units of volatility and governed like an institution, with permanent capital of our own.

Three overlapping circles for venture capital, public markets and institutional allocation. SUPERREALIS sits where all three overlap.

From venture capital

Venture conviction

We take
Early, thesis-driven conviction on structural change, and the patience to let it compound.
We leave
Ten-year lock-ups, blind pools and a price set once a funding round.

From public markets

Public-market liquidity

We take
Price discovery, deep liquidity and the freedom to be long or short.
We leave
Quarterly myopia and the pull of the benchmark.

From institutional allocation

Institutional discipline

We take
Written mandates, risk budgets and independent control.
We leave
Distance from the thesis and layers of fees.

We take the risks that matter in the age of singularity, as intelligence and humanity evolve together.

SUPERREALIS

Firm console

The firm, at a glance.

What we believe, where we choose to compete and how risk is bounded. The console is illustrative throughout: it describes how we work, never what we hold.

SUPERREALIS Firm console Illustrative · not portfolio data

Vision

To be the independent investment firm that best understands where intelligence meets the physical world: seeing the real economy beneath the narrative, and investing in what intelligence needs in order to exist rather than in what it promises to become.

Mission

To compound our own capital across market regimes by investing in structural change, with every trade recorded before and reviewed after, every mandate countersigned independently, and risk bounded by an envelope that only tightens.

Mandate

Proprietary capital only. No third-party funds, no advisory services, no solicitation.

Principles

  1. Risk before return. The downside is defined before the upside is discussed.
  2. Evidence over conviction. Statistical analysis and financial modelling come before any risk is allocated.
  3. Fundamentals first. Then timing, then trade structure, then risk, always in that order.
  4. Tighten, never relax. Between reviews, discipline can only increase.
  5. Patience is a position. Permanent capital lets the evidence, not the calendar, set the horizon.
  6. Accountability is signed. Two officers put their names to every mandate and every report.

Approach

Where intelligence meets the physical world.

Investing in structural change starts with one observation: artificial intelligence is no longer only software. It runs on silicon, power, cooling, metals and machines. The largest mispricings form where that convergence moves faster than consensus can model it. We follow it link by link, long and short.

  1. 01

    Intelligence

    Models, software and the platforms that distribute them, where scale compounds and disruption is priced late.

  2. 02

    Compute

    Semiconductors, networking and the data centres that turn electricity into intelligence.

  3. 03

    Power and infrastructure

    Generation, grids, storage and cooling: the binding physical constraint on every digital ambition.

  4. 04

    Materials and industry

    The metals, components and manufacturing capacity that make the transition physical.

  5. 05

    Machines

    Robotics, automation and autonomous systems: intelligence beginning to act in the physical world.

Radar chart comparing the relative emphasis of the Long / Short Equity and Multi-Strategy profiles across return capture, volatility control, capital preservation and regime adaptation.

Strategy profiles

Two ways to express a view.

Relative emphasis by profile. Not portfolio weights.

Process

Create. Multiply. Preserve.

Two engines run through every decision. The alpha engine decides where capital could earn its return. The risk engine decides how much it may, and when to step back.

The three phases of capital, Create, Multiply and Preserve, arranged as a continuous cycle.

Idea formation

Risk engine

Alpha engine

The path of a decision

  1. 01

    Regime

    Volatility, liquidity, correlation and market regime are read as state variables before any view is taken.

  2. 02

    Fundamentals

    Fundamentals come first: what a business is worth, and where the market has mispriced it.

  3. 03

    Timing

    Then timing: the catalyst, and the regime in which the view can be paid.

  4. 04

    Structure

    Then trade structure. Relative-value and hedged positions are modelled as spreads, not outright bets.

  5. 05

    Size

    Statistical analysis and modelling come first; the position is then sized in units of volatility, inside the envelope.

  6. 06

    Record

    Every trade carries a pre-trade record. Any limit reached is notified to every director within a business day.

  7. 07

    Review

    Every trade carries a post-trade review, and alpha is measured against a beta-adjusted benchmark.

Risk architecture

Bold by design.

We do not fear volatility. We measure it, price it and trade it. Every move is read in sigmas against its own regime, every position is sized in units of risk, and the drawdown freeze is the one line we never cross.

01

Return anatomy

Keep the return we came for. Hedge the risk we are not paid for.

r = α + βmktfmkt + βstylefstyle + βthemeftheme + ε

Bar chart splitting an illustrative position's return into market, style, structural theme and stock-specific contributions.

Our interpretation: the structural theme is an exposure we choose deliberately. Most public funds hedge it away as noise; venture investors cannot hedge anything at all.

02

Sigma lens

A move means nothing until it is measured against its regime and its horizon.

Bell curve of returns over the chosen horizon, with the selected move marked in standard deviations.
Sigma over horizon
—
Move in sigmas
—
Percentile
—
Normal model
—

Real returns have fatter tails than the bell curve, so we size for them with tail measures such as conditional value at risk.

03

Risk geometry

Independent bets add like the sides of a right triangle, not in a straight line.

Two risk vectors and their sum. At zero correlation they form a right triangle.
Sum of standalone risk
—
Combined risk
—
Diversification
—

Correlation is hidden leverage: as it rises, two bets become one. We concentrate only where bets are truly independent.

04

Risk-model pipeline

From raw data to a position sized in units of volatility, and back to attribution.

    Illustrative parameters throughout. The panels show the method, not the firm's positions, limits or results.

    Machines find the patterns. People sign the decisions.

    SUPERREALIS

    Governance

    Full conviction inside the envelope. No exceptions at its edge.

    Governance at SUPERREALIS exists to make boldness safe. Limits are written, signed and reviewed on a fixed cycle; inside them, decisions are fast. Between reviews the envelope can tighten, never relax.

    1. 01

      Board of Directors

      Approves the quarterly mandate and may direct a reduction of risk at any time.

    2. 02

      Quarterly mandate

      Set jointly by the Chief Executive Officer and the Chief Investment Officer in the Market Overview.

    3. 03

      Portfolio management

      The Portfolio Manager invests within the approved envelope and is bound by it.

    4. 04

      Reporting

      Weekly risk reports and a Quarterly Report, each signed by both officers.

    Quarter-end: the Board reviews the record and approves the next mandate.

    Five-element risk envelope

    Each mandate fixes the drawdown at which new risk is frozen, the gross and net exposure ranges, the largest single position, the permitted instruments and margin use, and the liquidity horizon.

    Tighten, never relax

    Between Board reviews, the two officers may jointly stop trading or tighten the envelope at any time. Neither may relax it.

    Two signatures

    Every Market Overview, Quarterly Report and weekly risk report carries both officers' signatures. The Chief Executive Officer's countersignature is the independent check.

    Board authority

    The Board may direct a reduction, hedge, freeze or closure of the portfolio at any time. Any drawdown above ten per cent is disclosed in the Quarterly Report.

    One business day

    Any limit that is reached or exceeded is notified to every director within one business day. The officers review risk weekly; the Board meets monthly.

    Beta-adjusted benchmark

    Alpha is reported against the declared beta multiplied by the S&P 500 Total Return, plus cash for the remainder. Skill is separated from market exposure.

    Leadership

    Two founders. Two signatures.

    Two founders from the two sides of our thesis: the physical economy of shipping, logistics and commodities, and the machine intelligence of quantitative research. Equal rank, distinct duties. One invests; the other holds the investment to account.

    Koen van der Wielen

    Co-Founder · Chief Executive Officer · Chairman of the Board

    Koen van der Wielen

    Koen chairs the Board and leads governance, risk oversight and capital administration, countersigning every mandate and risk report as the firm's independent control over the portfolio. An early-stage investor in a diversified portfolio spanning digital assets and blockchain infrastructure, shipping and logistics, and commodities and metals, Koen manages several private investment ventures alongside SUPERREALIS. Koen's career began in international logistics and maritime trade in Rotterdam.

    Education
    Bachelor of Commerce, Entrepreneurship, Rotterdam University of Applied Sciences
    Port Logistics, Shipping and Transport College, Rotterdam
    Fredy Solano

    Co-Founder · Chief Investment Officer · Portfolio Manager

    Fredy Solano

    Fredy leads research, portfolio construction and trading within the mandate approved by the Board, with a focus on the physical build-out of artificial intelligence, from compute through power, grid, cooling and networking. Fredy also leads SINTESIS, an independent quantitative research firm in Berlin specialising in algorithmic trading; SINTESIS is a separate company and is not affiliated with SUPERREALIS. Previously, Fredy founded and directed a prize-winning public commission for the Cidade da Cultura de Galicia in Santiago de Compostela, leading architects, engineers and installers.

    Education
    Bachelor's degree, Arts and Philosophy
    MITx MicroMasters Program in Finance, in progress
    Columbia Business School Executive Education, Corporate Finance

    Singapore

    Built in Asia. Seen from Singapore.

    The physical layer of intelligence is largely made in Asia: fabrication in Taiwan, memory in Korea, equipment and materials in Japan, assembly, packaging and data centres across Southeast Asia. Singapore keeps all of it in view, and keeps us between the world's capital markets.

    • Rule of law

      A common-law jurisdiction with deep, well-regulated capital markets.

    • Between continents

      Between Asia's supply chains and the capital markets of Europe and the Americas.

    • A clear perimeter

      A framework that distinguishes firms investing their own capital from those managing other people's.

    • Asia in view

      Close to the companies, supply chains and policy shifts that decide how fast intelligence becomes physical.

    Contact

    Corporate enquiries.

    SUPERREALIS does not accept outside capital or offer investment services. For corporate, counterparty and media enquiries, please write to us.

    Entity
    SUPERREALIS Pte. Ltd.
    Unique Entity Number
    202608358R
    Incorporated
    25 February 2026, Singapore
    Registered office
    68 Circular Road #02-01
    Singapore 049422