Most venture funds are ten-year boxes: raise, deploy, harvest, dissolve. Infrastructure does not build on that clock. COSIMO X was structured differently on both axes — evergreen in duration, tokenized in form — in 2019, before either was fashionable.
Capital without a countdown.
A conventional fund’s clock starts pressuring exits around year seven, whether or not the timing serves the company or the investor. COSIMO X is an evergreen vehicle: it deploys continuously, holds through cycles, and exits when the exit is right. Infrastructure companies typically take five to seven years to reach scale — our structure is aligned with that reality rather than fighting it.
Continuous deployment
new capital goes to work as it arrives; no artificial vintage pressure.
Aligned holding periods
exits driven by company milestones, not fund expiry.
Compounding insight
one permanent portfolio, one deepening view of the market.
The fund is built on the rails it invests in.
COSIMO X LP is a Cayman Islands exempted limited partnership whose limited partnership interests are represented by digital tokens — issued and administered through Securitize, where COSIMO X was the first paying customer. Tokenization gives investors a digital ownership record on institutional infrastructure, and it gives the fund something rarer: firsthand operating knowledge of tokenized fund administration, transfer restrictions, compliance workflows, and investor onboarding, accumulated since 2019.
The structure is designed to support transferability of interests in the future, subject at all times to applicable securities laws and the transfer restrictions in the fund documents. No assurance can be given that any secondary market will develop or be maintained.
We operate what we underwrite.
Every portfolio company building dual-rail infrastructure — traditional compliance on one side, on-chain operations on the other — is solving problems this fund has solved for itself. That is the underwriting edge: we have run the custody question, the transfer-agent question, the investor-onboarding question, in production, with real LPs.
Complete terms — including fees, minimums, redemption mechanics, and risk factors — are set out exclusively in the confidential offering documents.
Investor inquiries →This page is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security. Interests in COSIMO X LP are offered solely to qualified investors through the Fund’s confidential offering documents, pursuant to exemptions under Regulation D and Regulation S of the U.S. Securities Act, which control in all respects. Figures are as of the date stated and unaudited. Past performance is not indicative of future results.