About
Alagna was born from a simple observation: the Investment Committee memo process is broken.
Every investment firm runs the same way. A data room opens. Dozens of files land. A deal team spends days — sometimes weeks — extracting data, re-deriving metrics, structuring analysis, and formatting slides. The senior team reviews, redlines, sends it back. The cycle repeats until the IC meeting, at which point the most important questions are often the ones nobody had time to think about properly.
And there is a deeper problem that no one talks about openly. Deal teams are not neutral. By the time a memo reaches the Investment Committee, the people who wrote it have spent weeks — sometimes months — living inside the deal. They have conviction. They have relationships with the management team. They have professional stakes in the outcome. None of this is malicious; it is human. But it means the IC is often reading a document that is, structurally, an advocacy piece — presented as objective analysis.
Alagna's co-founders have lived this process — one from the analyst seat to the boardroom, the other building the systems that decisions run on. Alagna exists because the analytical work that drives investment decisions deserves better tools than copy-paste and blank templates — and because the Investment Committee deserves an analytical voice that has no stake in the outcome.
Alagna delivers value from the first deal — a level of analytical depth and rigour that would take a deal team weeks to produce manually. But better memos are only the beginning. The real question is whether an investment firm gets better over time — whether the lessons from every deal actually compound into sharper judgment, or dissipate with turnover, memory, and time. Alagna exists because we believe the answer should be yes.
Alagna is built by its two co-founders. Jim Varas has spent his career on the deciding side of investment committees and boards. Wojtek Janeczek has spent his building the data systems that organisations actually decide with.
Over twenty years across principal investing, M&A advisory, portfolio management and board governance, in Europe and the Americas — at Eurazeo, UBS Investment Bank and family offices. Eight of those at Exor, on the team behind a tenfold rise in NAV and the Ferrari spin-off and dual listing. Board experience across public and private companies. Engineering degree from École Polytechnique, MBA from Collège des Ingénieurs.
Over twenty years in business intelligence, performance management and the design of decision-making platforms. Founder of BiCube Consulting, where he built and optimised data platforms for clients ranging from early-stage companies to large groups; in 2025 he led its integration into Key Performance Consulting.
The combination is deliberate. Alagna requires someone who understands what an Investment Committee actually needs — what a memo must contain, where analysis goes soft, which questions decide a deal — and someone who can turn that into systems which behave predictably under real data. Neither half is sufficient alone.