We invest in great companies for the long run
In tech and defense sectors

Introduction

We are a regulated fund investing for the long term in public equities of large, mature companies in developed markets, such as Google and Microsoft. We use a “quality investing” approach, buying only when companies are available at reasonable prices and holding them as long as they maintain their competitive advantages.

Our portfolio consists exclusively of large-cap public equities. We do not use leverage, derivatives, or other complex financial instruments. To align our interests with those of our investors, we charge only performance fees and no management fees.

Our fund is private and our investors are typically entrepreneurs in their 40s saving for retirement over the next 20 years. We accept only investors we have known for many years who share our investment philosophy and long-term outlook. All applicants must pass eligibility checks and anti-money laundering procedures. Investors agree to our annual redemption policy.

We are supervised by the Estonian Financial Supervision Authority (FSA registration 16931717) and Estonian Financial Intelligence Unit (FIU license FFA000491).

Our principles

Principle 1
Long term
We invest for the long run, in decades. Our investors are essentially entrepreneurs in their 40s planning for their retirement in 20 years. We accept higher potential volatility in the hope of higher long term returns.
Principle 2
Growth
We focus on markets with secular steady growth. We have a preference for compounders with a proven track record over brand new hype sectors.
Principle 3
Monopolies
We look for companies with durable competitive advantages having near-monopolies in their niche. We want them hard to replace for their customers.
Principle 4
High-margin
We look for companies generating the highest net margins in their industry, and who are not forced to reinvest these profits just to keep up with the competition.
Principle 5
Low debt
We need our companies to have the best chances to survive the next economic crisis. Additionally, low debt is also a sign of profitable business model.
Principle 6
Reasonable price
Great companies can only be great investments if we do not overpay for them, relative to their long term expected value.
Principle 7
Skin in the game
We prefer owner-operators, when the management still has a large stake in the company. They tend to stay away from short-sighted decisions driven by next-quarter earnings expectations, at the expense of the future.
Principle 8
Ethics
We invest in companies who do not harm innocents, animals or the planet, as they would be penalized by new regulations over decades. We focus on companies taking care of the interests of all stakeholders (customers, employees, suppliers, shareholders, and the public).

Our Team

Florian Morata
Chief Investment Officer
Chief Compliance Officer
Director

Florian has 15+ years of multidisciplinary experience in business operations, strategy, investment analysis, and regulatory compliance.

Professional Experience

  • Founder, operator, and seller of tech and business services firms, he has practical insight into company success/failure.
  • 10 years as a business strategy consultant to European companies, including Fortune 500s like Airbus Defence and Space.
  • Founder & CEO, Polymath Intelligence, business intelligence for institutional clients.
  • Author of Polymath Investing and Geopolitics Simplified.
  • Head of Research, Strategic Intelligence Institute, macroeconomic and geopolitical risk research; EU Commission expert (investments, geopolitics, AI).

Qualifications

  • BSc in Mathematics, Physics, Chemistry; engineering training (France).
  • Certified Anti-Money Laundering Professional (CAMP), Certified Audit and Investigations Professional (CAIP).
  • Fluent French & English; based in Tallinn.

Role & Alignment

As CIO/CCO, Florian leads investment, AML risk management, and compliance for the Fund, co-investing his own capital for full alignment with investors. His quantitative and operational expertise drives the Fund’s quality and risk-focused approach.

Joris Capeau
Investor Relations Officer
Chief Risk Officer

Joris brings deep expertise in risk management, financial markets technology, and investor communications.

Professional Experience

  • 12+ years in European capital markets, senior roles at Finastra, Murex, and Calypso (focus: securities finance, collateral management, and market risk).
  • Senior Solutions Consultant & former Product Owner, Market Risk at Finastra; led risk modeling, system delivery, and client relations for major financial institutions.
  • Skilled at making complex risk and technical topics accessible to investors.

Qualifications

  • Chartered Financial Analyst (CFA).
  • MSc, Information Systems for Financial Markets (Institut Mines-Télécom Business School).
  • Certificates in International Finance & Financial Mathematics (UC Irvine).
  • Fluent in French & English; based in Paris.

Role & Alignment

Joris independently monitors portfolio risk, ensuring all investments align with the Fund’s framework and offering an informed second opinion on decisions. As Investor Relations Officer, he is the primary contact for Limited Partners, responsible for clear, timely updates.

The Fund

Key Features

Document Access

To request the full information package (Key Information Document, Private Placement Memorandum, and fund agreements), contact us to evaluate your eligibility: contact@moratacapital.com

Structure

Morata Capital Quality Investing Usaldusfond is a private, open-ended alternative investment fund (AIF) established under Estonian law, managed by our Alternative Investment Fund Management (AIFM) company, Morata Capital OÜ. Our management company is registered with the Estonian Financial Supervisory Authority and licensed with the Estonian Financial Intelligence Unit.

Morata Capital OÜ (General Partner & Fund Manager)

Morata Capital Quality Investing Usaldusfond (Limited Partnership Fund)

Disclaimer

Important Risk Notice

Investing in this fund involves significant risks, including the loss of capital. The fund maintains a concentrated portfolio, is subject to market volatility, and may experience large, temporary drawdowns. There is no capital guarantee and no assurance of returns. Redemptions are limited and investors have no voting or day-to-day decision rights.

References to specific companies are illustrative only and do not constitute a recommendation or guarantee of future performance.

Retail Investors Notice

This fund is available by private placement to a limited number (up to 150) retail clients and an unlimited number of professional clients, in accordance with Section 15(1) of the Estonian Securities Market Act (Väärtpaberituru seadus). Participating retail investors must carefully consider all risks and should seek independent professional advice.

If you are a retail investor interested in this fund, you will be provided with a Key Information Document (KID) containing essential risks, costs, and product features before any commitment is made.

Investors in this fund are NOT protected by the Estonian Investor Guarantee Fund or any similar investor compensation scheme.

If you have any complaint, please contact us directly at contact@moratacapital.com. Complaints will be acknowledged within 7 business days and responded to within one month as required by local regulations. If you remain dissatisfied, you may escalate to the Estonian Financial Supervision Authority (FSA)

No Offer / No Advice

This content is for general information only and does not constitute an offer, solicitation, or a recommendation to invest in the Fund. The Fund is available only by private placement to eligible investors meeting specific criteria. Prospective investors must review the full official fund documents and seek independent advice before investing.

Regulation & Jurisdiction

Morata Capital OÜ is supervised by the Estonian Financial Supervision Authority (FSA, reg. 16931717) and Estonian Financial Intelligence Unit (FIU lic. FFA000491). This Fund operates under Estonian law. Disputes are subject exclusively to Estonian jurisdiction.

Units of the Fund may not be offered or sold to any US Person as defined by Regulation S under the US Securities Act, and the Fund is not registered under the US Investment Company Act of 1940.

Prospective investors are responsible for ensuring they comply with all local laws and regulations regarding investment in the Fund.

Not a public offer. Not investment advice. Not available to the public or to investors outside of Estonia or France.

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