Last Updated on: 4th June 2025, 04:36 pm
AJP Investment Fund Limited has revealed plans to deepen its involvement in the US tech scene with the creation of two operational hubs—one in San Francisco, the other in Austin—marking the company’s first physical expansion into the United States.
Founded with a mandate to invest in infrastructure and cutting-edge technology, AJP’s move into America’s premier innovation centres signals an evolution in its strategy, aimed at working more closely with key research and development ecosystems.
The San Francisco office, positioned in the city’s financial heart, places the firm in close proximity to leading academic institutions and artificial intelligence pioneers.
Meanwhile, the Austin hub benefits from its location within Texas’s booming semiconductor and space technology region—surrounded by notable developments such as SpaceX’s Starbase, Tesla’s Gigafactory, and TSMC’s multi-billion-dollar expansion near Phoenix.
Chief Investment Officer Bill Stevenson emphasised the operational weight of the move, stating: “Our physical presence in these markets isn’t symbolic—it’s operational. We’re embedding our teams where algorithms are refined, rockets are tested, and microchips are forged. This is fiduciary responsibility meeting industrial pragmatism.”
The firm’s $1.5 billion investment portfolio will be divided across three strategic domains: 40% towards AI and quantum computing infrastructure, 35% to space-related technologies, and 25% into bolstering semiconductor manufacturing within the US.
AJP asserts that this direction aligns closely with high-level policy goals, including the CHIPS and Science Act and NASA’s private sector partnerships. In Austin, the company is advising on next-gen hypersonic materials, while in San Francisco, efforts are underway to develop liquid-cooled data centres tailored for AI-intensive tasks.
Among the company’s near-term milestones are:
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Breaking ground on a semiconductor test facility near Phoenix by Q3 2025
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Announcing a partnership involving NASA in August 2025
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Enhancing collaboration with the University of Texas at Austin
AJP’s US foray follows a broader industry pivot towards investing in core infrastructure, with geopolitical shifts and US-China tech tensions prompting many to reallocate capital to domestically rooted technology platforms.
This recalibration—from software-first ventures to concrete assets like chip plants and data centres—highlights a growing belief in physical infrastructure as a critical pillar of innovation resilience.
As IPO activity remains sluggish, private capital is stepping up to support the buildout of key technologies via secondary investment routes and institutional backing.
Ultimately, AJP’s expansion illustrates how institutional investors are increasingly viewing infrastructure as the backbone of the next wave of technological progress.
