# Twenty3 Capital

Twenty3 Capital is an Asset Manager based in Melbourne, Australia.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Melbourne, Australia
- **Region:** Oceania
- **Address:** Melbourne, Australia
- **Assets under management:** Undisclosed
- **Website:** www.twenty3capital.com
- **LinkedIn:** linkedin.com/company/twenty3insights

## Regulatory record

- **Reports private funds:** No

## About

Twenty3 Capital is a Melbourne, Australia-based investment company that employs a Venture Capital strategy. The firm has a team of three staff, including three investment professionals.

## Sectors

- Media & Entertainment
- Real Estate
- Enterprise Software

## People

- John Tripodi — Founder and CEO
- Levent Shevki — Board Member; head of capital investment arm; CEO of Cornwalls

## Questions

### Who runs investment decisions at 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.

### How does Twenty3 Capital source proprietary deal flow?

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.

### Does Twenty3 Capital participate in fund commitments or only direct deals?

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.

### What is Twenty3 Capital's known posture on co-investments alongside external GPs?

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.

### How is Twenty3 Capital related to Twenty3 Sport and Entertainment?

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.

## Related profiles

- [Twenty 20 Capital](https://altss.com/profile/twenty-20-capital)
- [Twenty Seven Ventures](https://altss.com/profile/twenty-seven-ventures)

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Last updated: 2026-06-28T01:59:37.521Z

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