Twenty3 Capital

Founder John Tripodi leads the group as CEO, while board member Levent Shevki heads the capital investment arm. Shevki's concurrent role as CEO of Cornwalls Capital provides an integrated legal perspective on deal structuring. The investment committee's full composition is not publicly documented.

Sourcing runs through operator relationships rather than a traditional fundraising-marketing funnel. Co-investor and Twenty3 Sport and Entertainment co-founder Eddie McGuire brings Australian media and sports networks; board member Levent Shevki's AVCAL, CPA Australia, and AICD memberships connect the firm to professional and industry channels. The Western Bulldogs Football Club business partnership adds an asset-class-specific pipeline in sports and entertainment.

Public record shows the firm's primary posture is direct investing — seed and early-stage venture positions alongside real estate and cryptocurrency holdings — without published commitment to external fund vehicles. The group's documented co-investments, including the Xero Shoes deal with Jason Di Iulio's Jaszac Investments, suggest a direct-deal preference.

The firm actively co-invests with operator-backers rather than institutional limited partners. Documented co-investors include Eddie McGuire, Paul Dainty, and Jason Di Iulio — all operating executives, not fund managers — which frames the shop as a syndicated-operator model rather than a GP-LP fund structure.

Twenty3 Sport and Entertainment operates as an affiliate entity co-founded by John Tripodi, Eddie McGuire, and Paul Dainty. It extends the group into live events, media rights, and sports-adjacent investment — structurally a distinct operating company rather than a portfolio holding, sharing principals with the capital arm but targeting sector-specific commercial opportunities.