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Vision

We manage an investment fund focused on long-term, responsible investing in large, mature companies.

We invest only when we believe the market undervalues a business, often after bad results or when an industry is under pressure. Our task is to judge whether a company can recover and continue to grow. To do that, we need to understand the business in depth.

What makes us different is our background. We are entrepreneurs, not traditional financial analysts. For more than 15 years, we have built, advised, and sold companies in the same sectors where we invest. This gives us an inside perspective. We pay close attention to customers: what they want, what limits their choices, what alternatives they consider, and why they choose one company over another. This is how we assess whether a business can keep growing over the long term.

Strategy

Our strategy is built on 2 major pillars, and 3 additional tests:

Pillar 1
Sticky customers
We look for companies with products that are hard to replace because switching can be costly, risky, or disruptive. We also want products people need every day, because they often bring stable, recurring income. A business like that is usually more resilient, more predictable, and more valuable over the long term.
Pillar 2
Reasonable Price
We do not invest in great companies at any price. We invest only when the price is reasonable, relative to the earnings we expect the business to generate in the future. This is very important, because even an excellent company can be a poor investment if we pay too much for it. So we wait until the right business is available at the right price.
Test 3
Growth potential
We look for businesses that can continue to grow and compound over many years.
Test 4
Strong financials
We want companies with enough financial strength to survive difficult periods and downturns.
Test 5
Aligned management
We want leaders who are honest, competent, and with a long-term mindset.

So in simple terms, we look for businesses with sticky customers, at a reasonable price, with a long-term growth potential, strong financials, and aligned management. These opportunities are rare. That’s why patience is a key part of our strategy.

Polymath Investing

How Industry Experts Can Leverage Their Knowledge In Public Markets

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Risk Management

As with any stock market investment, capital is at risk and returns are never guaranteed.

To manage risk, we rely on 3 core principles:

Principle 1
Engineering
Florian’s background is in engineering. In that field, if a bridge stays standing, nobody applauds, but if it collapses, everyone remembers. We apply the same discipline to investing. Before considering potential upside, we carefully assess the risks. Our goal is to identify opportunities with limited downside and meaningful upside potential.
Principle 2
Aligment
This fund was created to manage the savings of our own friends and family, so the capital we invest is deeply personal. We use the same strategy for our personal portfolio. We invest our own capital alongside our investors. That means we share both the gains and the losses. We only earn performance fees, when our investors achieve returns above their high-water mark. All expenses are for us.
Principle 3
Simple instruments
No leverage, derivatives, shorting, or other complex financial instruments. We avoid the tools increasing the risks.

Our Investors

Morata Capital is designed for a very specific type of investor. They are:

Trait 1
Patient
They think in decades, not quarters, because they understand that truly exceptional opportunities are rare.
Trait 2
Curious
Morata Capital is also a network of thoughtful investors and operators who share knowledge, exchange perspectives, and learn from each other.
Trait 3
Resilient
They prefer a concentrated portfolio of businesses they know deeply over broad diversification without conviction. They can stay calm through market volatility, knowing that price movements often say little about fundamentals.
Trait 4
Responsible
Our investors also share our values. We do not invest in fossil fuels. We exclude companies that exploit workers. We avoid businesses that undermine liberal democracies. And we reject companies linked to animal exploitation or serious environmental harm. We invest in a way we can stand behind, with nothing to be ashamed of when speaking to future generations.

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.
  • Author of Polymath Investing and Geopolitics Simplified.
  • Head of Research, Strategic Intelligence Institute, macroeconomic and geopolitical risk research.
  • EU Commission expert on geopolitics.

Qualifications

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

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

  • 15 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 Manager, Market Risk at TECIEM (ex 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).
  • French citizen based in Morroco.

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.

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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