Apers builds the theoretical and computational foundations to make capital think.
We develop asset pricing theory for real assets.
The foundations that connect a physical asset to its risk, and its risk to its price, are incomplete for illiquid markets. We work on closing that gap.
We develop systems that translate theoretical advances into practical, industry-ready solutions.
Computation that reasons across the heterogeneity of real assets, in the environment where capital decisions are made.
We believe real assets can be systematically studied, understood, and priced.
Rigorous theory, paired with purpose-built computation, will produce a capital allocation system that is more analytical, more transparent, and more accessible than the one that exists today.
Our mission is to make capital think.
Founded by Francis Huang and Simon Mendelsohn