RIT Capital Partners (RCP) is a globally diversified investment trust that blends quoted equities, private investments, hedge funds, and alternative assets to deliver long-term capital growth and risk-adjusted returns. Trading at a ~31% discount to NAV in March 2025, RCP presents a potentially compelling opportunity as management executes share buybacks, enhances liquidity, and increases transparency to drive a re-rating. Its high-conviction investments in Japanese equities, energy transition, and U.S. housing, alongside private market exposure to AI, fintech, and aerospace, provide both near-term catalysts and long-term upside. RCP offers exclusive private market access at a rare discount, making it an interesting value play.