experienced investors committed to excellence


Thermopolis Partners is an investment partnership with offices in Jackson Hole, USA and Prague, Czech Republic.  Our mission is to discover and develop companies that leverage emerging technologies to disrupt the natural resources market.  Strategic relationships include Blockchain Capital and Stephens Investment Management.  Thermopolis is actively seeking investment opportunities and we welcome creative proposals from entrepreneurs, big and small.  Please direct all submissions to contact@thermopolispartners.com.


a distinguished track record of investment success


Thermopolis Partners is an SEC registered investment advisory firm (CRD #134205) that was founded in 2001 by Philip Treick.  In 2005, the firm launched the Fortuno Capital Fund, a real assets income long/short fund, which was relaunched in January 2013 as RAEIF ALPHA, LP.  In May of 2016, the RAEIF funds merged with Tocqueville Asset Management, creating a west coast presence for Tocqueville. 

Thermopolis has since evolved into a multi-disciplinary investment partnership that specializes in two distinct verticals: natural resources and technology, with emphasis on blockchain technology.  We are flexible investors seeking attractive investments rather than particular deal structures, but often work closely with our partners on a wide range of financial, technical and operational issues.  Throughout our history, we have successfully catered to the needs of individual investors, pension funds, and endowments. 


an exceptional team with tremendous breadth of experience

Philip Treick,  Managing Director

Philip Treick, Managing Director

Mr. Treick's career spans 30 years, the majority of which has been spent as an analyst and manager of public equity portfolios.  Beyond his responsibilities at Thermopolis, Mr. Treick currently serves as the Chief Investment Officer at the University of Wyoming (UW) Foundation. He is also an Advisor to Beefchain.io, a company for which he previously served as Chief Financial Officer, and Professional Lecturer at the UW College of Business. Previously, Mr. Treick was co-Portfolio Manager of the Real Assets Equity Income Fund for Tocqueville Asset Management, Managing Partner for Aesop Capital Partners and VP/Senior Portfolio Manager at Transamerica Corp.  He earned a degree in Finance from the University of South Florida.

Philip Schlump,  Chief Technology Officer

Philip Schlump, Chief Technology Officer

Mr. Schlump has over 30 years of software design, development and management experience.  Most recently, Mr. Schlump advised on smart contract execution and security for Keep Network and Coin for Card Corp.  Previously, he was founder and CTO of Senware and Lead Developer for Allen Systems Group.  Mr. Schlump currently serves as Assistant in Functional Programming at the University of Wyoming, his alma mater, from which he earned both his BS and MS in Computer Science. 

Ari Lustbader,  Director

Ari Lustbader, Director

Mr. Lustbader spearheads the company’s European efforts from our office in Prague, Czech Republic and serves as a member of Disa LLC’s Management Board.  Previously, Mr. Lustbader worked for Elementyx consulting, private equity firm Friedman Fleischer & Lowe, and Morgan Stanley’s investment banking unit.  Mr. Lustbader holds a J.D. from the New York University School of Law and a B.S. from Cornell University.  He speaks English and Portuguese.


we choose our partners carefully

BC Logo.png

Founded in 2013, Blockchain Capital is a pioneer and the premier venture capital firm investing in blockchain enabled technology.  The firm is a sector specific, but multi-stage venture capital investor that has invested in more than 70 companies.


Thermopolis Partners serves as both investor and advisor to BeefChain.  BeefChain’s mission is to create a new “rancher-centric” supply chain utilizing blockchain technology to recapture the value now realized by third-party feedlots and processors.


Stephens Investment Management (SIM) is a boutique investment firm and family office located in San Francisco, CA.  SIM manages a family of financial products including hedge funds, a real estate fund and private company direct investments.

Horizon Image.png

Horizon Educational Group is a Czech-based provider of teaching materials for renewable energy at various levels of education. HEG designs, produces and distributes science kits, training systems and educational STEM programs in more than 80 countries. 

Disa Logo Smaller.png

Disa, LLC is an innovative materials liberation company that radically disrupts best practices in the mining and reclamation industries. Disa’s patented technology efficiently isolates targeted materials thereby reducing costs and mitigating environmental impacts.  

TL Logo.png

Turnkey Ledger is a Parisian firm that provides consulting, software development, community building, training and R&D services in the blockchain space. The company has offices in France, Tunisia and Indonesia.




235 East Broadway, 2nd Floor
Jackson Hole, WY 83001
United States




Panska 2, 5th Floor
110 00 Prague 1
Czech Republic

We welcome Proposals from creative entrepreneurs


If you wish to submit a proposal or simply have questions about our investment strategy, we would love to hear from you.  Please fill out the contact form below and we will get back to you as soon as possible.

Name *