Global Crown Capital

Global Crown Capital

Global Crown Capital was founded in 2003 by Pablo J. Salame and Kurt Schoknecht in San Francisco. Salame, who serves as Chief Investment Officer, previously ran technology research at Robertson Stephens and had portfolio management roles at Montgomery Asset Management. Schoknecht, the managing partner, brought additional institutional money management experience. The firm set up as a registered investment advisor constructing concentrated, long-biased equity portfolios for institutional and high-net-worth clients. The strategy targets publicly traded companies in technology, media, and telecom, with a secondary focus on growth-oriented consumer and healthcare businesses. Global Crown makes concentrated bets — regulatory filings have shown the firm holding between 15 and 25 names at any given time, with the top 10 positions often comprising more than 60% of assets. Historically disclosed holdings span enterprise software (Salesforce, Workday), fintech and payments (Block, Visa), digital media (Spotify, Netflix), and cybersecurity (Palo Alto Networks). The firm writes in its own investor letters that it seeks companies with durable competitive advantages, high switching costs, and management teams it can back for multiple product cycles. The geographic footprint is primarily North America, with selective exposure to developed-market Asia and Europe through names like Alibaba and ASML in past quarters. As a boutique, Global Crown runs a lean operation. Headcount is not publicly disclosed but is consistent with a senior partnership model: the two founders lead investment decisions, supported by a small analyst team. The firm has not raised outside permanent capital vehicles like a private equity fund; it operates separately managed accounts and a private fund structure. Public 13F filings indicate equity assets under management that have ranged from roughly $250 million to above $500 million across different quarters. There is no separate venture arm, no philanthropic foundation tethered to the firm, and no publicly known club-deal or multi-family-office conversion. Salame and Schoknecht maintain low public profiles, rarely appearing at industry conferences or in the financial press. Global Crown's structural difference is its deliberate refusal to scale. In a city where investment managers routinely add strategies — venture, credit, crypto, SPACs — to gather assets, this firm has held to the same long-only equities mandate for more than 20 years. Its succession architecture is opaque; both founders remain active and no next-generation leadership has been named. That concentration of decision rights in two people is a governance risk that institutional allocators note, but it also explains the portfolio's consistent refusal to chase momentum.