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.