Qualivian Investment Partners

Aamer Khan serves as Managing Partner and Chief Investment Officer, and is the sole portfolio manager. He launched the firm in 2019 after seven years as a managing director at Third Point, where he focused on technology, media, and telecommunications. Khan is lead analyst on every portfolio position, supported by a lean investment team operating from New York.

Qualivian applies a private-market due diligence framework to public companies. The process includes extensive primary research — conversations with customers, channel partners, former employees, and industry experts — layered on top of fundamental financial analysis. The firm actively avoids relying on sell-side research or consensus narratives, instead building conviction through operational diligence before sizing a position.

Qualivian targets multi-year holding periods and structures its portfolio for low turnover. Khan has described the ideal holding period as indefinite — seeking businesses the firm would be comfortable owning through a multi-year market shutdown. The strategy explicitly rejects quarterly performance-chasing in favor of compounding over full business cycles.

No. Despite a research process that closely resembles late-stage venture due diligence, Qualivian only invests in publicly listed companies. The firm views public-market seasoning — audited financials, management accountability to shareholders, and market-based price discovery — as an essential filter before committing capital, and does not participate in private funding rounds.

The strategy typically holds 20 to 30 names, with position sizes driven by conviction rather than benchmark weights. Khan runs a benchmark-agnostic book, meaning sector and factor exposures are an output of bottom-up stock selection, not a risk-management input. Top positions can represent a material percentage of the portfolio when the firm's research intensity warrants it.

"Qualivian" derives from the concept of long-lived quality. Khan chose the name to signal the firm's focus on durable competitive advantages — network effects, high switching costs, and negative net churn — that allow portfolio companies to compound revenues and intrinsic value over extended periods. The thesis is that the public markets systematically underpric long-duration growth trajectories.

Crossover funds typically invest in both private and public technology companies, often accessing pre-IPO rounds and holding through listing. Qualivian draws from the same research tool kit — deep product diligence, founder and customer interviews — but applies it exclusively to already-public companies. The firm argues this constraint improves risk management: public companies have transparent financials, established governance, and market-tested valuations before Qualivian commits capital.