+21.5%
10-year annualized return
A private investment partnership · Est. 2016
Investors in innovation and reinvention.
For qualified investors
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To request the pitch deck and offering documents, email kai@kbcapital.fund.
Track record
Ten years of results
The partnership has compounded through two drawdowns, a pandemic, and a technology mania.
+599%
10-year cumulative return
+6.7%
Annualized excess vs. S&P 500
10
Years of track record
Disclosures. Performance figures reflect the KB Capital composite from inception (January 1, 2016) through December 31, 2025. Returns are net of all management fees and expenses. The S&P 500 is shown on a total-return basis, with dividends reinvested. Past performance is not indicative of future results; individual client returns may vary based on the timing of contributions, withdrawals, and account-specific factors.
Reinvention in practice
Nvidia
gaming chips → the engine of AI
Philip Morris
cigarettes → Zyn and smoke-free
Legacy power
coal → the nuclear renaissance
Our origin
About KB Capital
“Good investing is complicated, great investing is simple.”
KB Capital was founded in 2016 by Kai Bidell and Ed Wasson, built on a philosophy handed down through decades of investing: patience, independence, and conviction.
Kai Bidell, CFA
Managing Partner & Portfolio Manager
Kai started investing at 16 and hasn’t stopped since. He holds a BA in Environmental Analysis from Pitzer College (one of the Claremont Colleges) and was awarded a Fulbright research grant. He worked for a Denver family office focused on real estate before joining Align Impact, a premier multi-family office in impact investing, where he invested in private placements and hedge funds on behalf of some of the wealthiest families and institutions in America. Kai is a CFA charterholder, having passed what the Financial Times calls “Wall Street’s hardest exams” above the 90th percentile. He holds the Series 65, is a registered investment adviser in Colorado, California, and New York, and carries the FSA Credential from the SASB.
Ed Wasson
Co-founder & Mentor
Ed Wasson was a close friend, mentor and business partner. He invested family capital across multiple market cycles dating back to the 1930s. He was an experienced petroleum engineer, oil, and stock market investor. From 2014 to his passing in 2024, he passed on a discipline rooted in buying exceptional businesses, paying reasonable prices, and holding through volatility. That inheritance of patience, independence, and conviction remains the foundation of KB Capital today. This website and the Fund are dedicated to his memory.
John Reynolds
Partner · Head of Technology & Risk
John pairs an engineer’s rigor with an operator’s instinct. A computer scientist from the U.S. Air Force Academy with a master’s in software engineering from SMU, he served as a U.S. Air Force Cyber Warfare Officer, trained where failure is not an option. He went on to lead Product & Engineering at an a16z- and SoftBank-backed startup whose infrastructure is trusted by Circle, Paxos, and Coinbase. At KB Capital he brings engineering-grade security, controls, and disaster-readiness to custody, reporting, and risk, and applies technological underwriting and quantitative analysis to read a company’s moat at the engineering level.