/* ==========================================================================
   PF Ventures, pfventures.ch
   Monochrome by intent: the brand mark and the portrait are black and white,
   so the page carries no accent colour. Section luminance does the work that
   a brand colour would normally do.
   ========================================================================== */

/* --- tokens --------------------------------------------------------------- */
:root{
  --ink:#0B0B0B;
  --ink-soft:#141414;
  --paper:#F4F4F1;

  --on-ink:#F4F4F1;
  --on-ink-mid:rgba(244,244,241,.62);
  --on-ink-dim:rgba(244,244,241,.42);
  --line-ink:rgba(244,244,241,.13);

  --on-paper:#0B0B0B;
  --on-paper-mid:rgba(11,11,11,.60);
  --on-paper-dim:rgba(11,11,11,.38);
  --line-paper:rgba(11,11,11,.13);

  --display:"Jost",-apple-system,BlinkMacSystemFont,"Segoe UI",Helvetica,Arial,sans-serif;
  --body:"Inter",-apple-system,BlinkMacSystemFont,"Segoe UI",Helvetica,Arial,sans-serif;
  --mono:ui-monospace,SFMono-Regular,"SF Mono",Menlo,Consolas,monospace;

  --wrap:1180px;
  --gut:clamp(20px,5vw,64px);
  --pad:clamp(84px,11vw,168px);
  --ease:cubic-bezier(.22,.61,.36,1);
}

/* --- reset ---------------------------------------------------------------- */
*,*::before,*::after{box-sizing:border-box}
html{-webkit-text-size-adjust:100%}
body{
  margin:0;
  background:var(--ink);
  color:var(--on-ink);
  font:400 17px/1.62 var(--body);
  -webkit-font-smoothing:antialiased;
  -moz-osx-font-smoothing:grayscale;
  overflow-x:hidden;
}
img,svg{display:block;max-width:100%}
ul{margin:0;padding:0;list-style:none}
p{margin:0 0 1.1em}
p:last-child{margin-bottom:0}
a{color:inherit}
:focus-visible{outline:2px solid currentColor;outline-offset:4px;border-radius:2px}

.vh{
  position:absolute!important;width:1px;height:1px;margin:-1px;padding:0;
  overflow:hidden;clip:rect(0 0 0 0);clip-path:inset(50%);white-space:nowrap;border:0;
}
.skip{
  position:absolute;left:var(--gut);top:-100px;z-index:200;
  background:var(--paper);color:var(--ink);padding:12px 18px;
  font:500 13px/1 var(--mono);text-transform:uppercase;letter-spacing:.1em;
  text-decoration:none;transition:top .18s var(--ease);
}
.skip:focus{top:16px}

.wrap{width:100%;max-width:var(--wrap);margin:0 auto;padding:0 var(--gut)}

/* --- nav ------------------------------------------------------------------ */
.nav{
  position:fixed;inset:0 0 auto 0;z-index:100;
  display:flex;align-items:center;justify-content:space-between;gap:24px;
  padding:0 var(--gut);height:68px;
  background:rgba(11,11,11,0);
  border-bottom:1px solid transparent;
  transition:background .35s var(--ease),border-color .35s var(--ease),backdrop-filter .35s var(--ease);
}
.nav.is-stuck{
  background:rgba(11,11,11,.93);
  border-bottom-color:var(--line-ink);
  backdrop-filter:saturate(140%) blur(14px);
  -webkit-backdrop-filter:saturate(140%) blur(14px);
}
.nav__mark{display:block;color:var(--on-ink);flex:none}
.mark{width:34px;height:auto;fill:currentColor}
.nav__links{display:flex;gap:clamp(14px,2.4vw,34px);align-items:center}
.nav__links a{
  font:500 11px/1 var(--mono);text-transform:uppercase;letter-spacing:.14em;
  color:var(--on-ink-mid);text-decoration:none;padding:6px 0;
  position:relative;transition:color .22s var(--ease);
  white-space:nowrap;
}
.nav__links a::after{
  content:"";position:absolute;left:0;right:0;bottom:0;height:1px;
  background:currentColor;transform:scaleX(0);transform-origin:left;
  transition:transform .3s var(--ease);
}
.nav__links a:hover{color:var(--on-ink)}
.nav__links a:hover::after{transform:scaleX(1)}

/* --- hero ----------------------------------------------------------------- */
.hero{
  position:relative;min-height:100svh;
  display:grid;place-items:center;
  padding:96px var(--gut) 76px;
  background:var(--ink);
}
.hero__mark{margin:0;width:100%;display:flex;justify-content:center}
.wordmark{
  width:min(90vw,1400px);height:auto;
  fill:currentColor;color:var(--on-ink);
}
/* P and F land solid; V-E-N-T-U-R-E-S rise in sequence */
.wordmark path:nth-child(n+3){opacity:.18;animation:rise .9s var(--ease) forwards}
.wordmark path:nth-child(3){animation-delay:.10s}
.wordmark path:nth-child(4){animation-delay:.17s}
.wordmark path:nth-child(5){animation-delay:.24s}
.wordmark path:nth-child(6){animation-delay:.31s}
.wordmark path:nth-child(7){animation-delay:.38s}
.wordmark path:nth-child(8){animation-delay:.45s}
.wordmark path:nth-child(9){animation-delay:.52s}
.wordmark path:nth-child(10){animation-delay:.59s}
@keyframes rise{to{opacity:1}}

.hero__meta{
  position:absolute;bottom:clamp(26px,5vh,54px);margin:0;
  font:500 11px/1 var(--mono);text-transform:uppercase;letter-spacing:.14em;
  color:var(--on-ink-dim);
  opacity:0;animation:fade .8s var(--ease) 1.0s forwards;
}
.hero__meta--l{left:var(--gut)}
@keyframes fade{to{opacity:1}}

/* --- sections ------------------------------------------------------------- */
/* Anchor jumps must clear the fixed nav, otherwise the section label lands
   underneath it. */
html{scroll-behavior:smooth}
.sec,.hero{scroll-margin-top:88px}
.sec{padding:var(--pad) 0;position:relative}
.sec--ink{background:var(--ink);color:var(--on-ink)}
.sec--paper{background:var(--paper);color:var(--on-paper)}
/* Two dark sections in a row have no colour change to mark the seam, so the
   second opens tighter and leans on its label to signal the break. */
.sec--ink + .sec--ink{padding-top:clamp(20px,3vw,44px)}

.label{
  font:500 11px/1.5 var(--mono);text-transform:uppercase;letter-spacing:.14em;
  color:var(--on-ink-dim);margin:0 0 clamp(28px,4vw,48px);
}
.sec--paper .label{color:var(--on-paper-dim)}
.label--tight{margin:6px 0 22px}

.claim{
  font:600 clamp(40px,8.2vw,104px)/0.99 var(--display);
  letter-spacing:-.025em;margin:0 0 clamp(36px,5vw,64px);
}
.claim span{display:block}
.claim--lg{margin-bottom:clamp(20px,3vw,32px)}

.h2{
  font:500 clamp(24px,3.4vw,40px)/1.18 var(--display);
  letter-spacing:-.018em;margin:0 0 clamp(34px,4.5vw,56px);max-width:22ch;
}

.cols{display:grid;grid-template-columns:1fr;gap:clamp(28px,4vw,56px)}
.lede{
  font:400 clamp(20px,2.3vw,27px)/1.42 var(--display);
  letter-spacing:-.012em;color:var(--on-ink);margin:0;
}
.sec--paper .lede{color:var(--on-paper)}
.lede--c{max-width:46ch;color:var(--on-paper-mid)}
.body{color:var(--on-ink-mid);max-width:62ch}
.body strong{color:var(--on-ink);font-weight:500}

/* --- track record (sits inside the investments section) ------------------- */
.stats{
  display:grid;grid-template-columns:1fr;
  border-top:1px solid var(--line-paper);
  margin:0 0 clamp(44px,6vw,76px);
}
.stats li{
  padding:clamp(22px,3vw,34px) 0;
  border-bottom:1px solid var(--line-paper);
  display:flex;flex-direction:column;gap:10px;
  /* Centred: a single digit left-aligned in a wide column reads as a stray
     character rather than a figure. */
  align-items:center;text-align:center;
}
.stats__n{
  font:500 clamp(30px,3.2vw,42px)/1 var(--display);
  letter-spacing:-.03em;color:var(--on-paper);
}
.stats__l{
  font:400 14px/1.5 var(--body);color:var(--on-paper-mid);max-width:30ch;
}

/* --- logo banner ---------------------------------------------------------- */
.mq{
  background:var(--ink);
  border-top:1px solid var(--line-ink);
  border-bottom:1px solid var(--line-ink);
  overflow:hidden;
  padding:clamp(20px,2.6vw,30px) 0;
  /* fade both ends so names enter and leave instead of being chopped */
  -webkit-mask-image:linear-gradient(90deg,transparent,#000 7%,#000 93%,transparent);
          mask-image:linear-gradient(90deg,transparent,#000 7%,#000 93%,transparent);
}
.mq__track{display:flex;align-items:center;flex:none}
/* .mq__row only exists once the script has cloned the track for a seamless loop */
.mq__row{display:flex;width:max-content;animation:slide 64s linear infinite}
.mq:hover .mq__row{animation-play-state:paused}
/* Fixed-width slots: sizing each cell to its logo made the gaps swing between
   100 and 293px, which is what read as amateurish. */
.mq__i{
  display:flex;align-items:center;justify-content:center;flex:none;
  width:clamp(165px,17vw,250px);padding:0 12px;
}
.mq .logo-word{
  font:500 clamp(14px,1.35vw,17px)/1 var(--display);
  letter-spacing:.005em;color:var(--on-ink-mid);white-space:nowrap;
}
.mq img{
  /* half the grid.s scale deviation: a thin band cannot carry the same spread */
  max-height:calc(clamp(17px,1.8vw,22px) * (0.5 + var(--logo-scale,1) * 0.5));
  max-width:100%;width:auto;object-fit:contain;
  filter:grayscale(1) brightness(0) invert(1);opacity:.62;
}
.mq img.keeps-shading{filter:grayscale(1) invert(1)}
@keyframes slide{from{transform:translateX(0)}to{transform:translateX(-50%)}}

/* --- what we do ----------------------------------------------------------- */
.caps{display:grid;grid-template-columns:1fr;border-top:1px solid var(--line-ink)}
.caps__i{padding:clamp(26px,3.2vw,38px) 0;border-bottom:1px solid var(--line-ink)}
.caps__t{
  /* sized so the longest of the three stays on one line across the whole
     three-column range, which is what lets the bodies align without a reserve */
  font:500 clamp(17px,1.55vw,21px)/1.3 var(--display);
  letter-spacing:-.015em;margin:0 0 14px;color:var(--on-ink);
}
.caps__i p{margin:0;color:var(--on-ink-mid);font-size:15.5px;line-height:1.62;max-width:44ch}
.caps__note{
  margin:clamp(30px,4vw,46px) 0 0;max-width:72ch;
  font:400 14.5px/1.65 var(--body);color:var(--on-ink-dim);
}

/* --- investments ---------------------------------------------------------- */
.inv{
  display:grid;grid-template-columns:repeat(2,1fr);
  border-top:1px solid var(--line-paper);border-left:1px solid var(--line-paper);
}
.inv__i{
  position:relative;
  border-right:1px solid var(--line-paper);border-bottom:1px solid var(--line-paper);
  min-height:clamp(84px,9vw,116px);
  display:flex;align-items:center;justify-content:center;
  padding:16px 14px;text-align:center;
}
.inv__i .logo-word{
  font:500 clamp(15px,1.55vw,20px)/1.2 var(--display);
  letter-spacing:.005em;color:var(--on-paper);
}
/* Flatten any supplied logo to the same ink as the typeset wordmarks, so a
   colour logo never outshouts its neighbours and the wall reads as one set.
   A mark whose lettering is knocked out in white opts out via .keeps-shading,
   because flattening would fill that lettering in and leave a solid blob. */
.inv__i img{
  max-height:calc(clamp(18px,2vw,25px) * var(--logo-scale,1));width:auto;max-width:86%;
  object-fit:contain;
  filter:grayscale(1) brightness(0);
  opacity:.88;
}
.inv__i img.keeps-shading{filter:grayscale(1)}

/* Marks holdings with a liquidity event: Acquired for a trade sale, IPO for a
   listing. Both describe what happened to the company, so they sit on the same
   level; "Exit" alongside "IPO" would imply a listing is not one. */
.inv__tag{
  position:absolute;top:7px;right:7px;
  font:600 9.5px/1 var(--mono);text-transform:uppercase;letter-spacing:.1em;
  background:var(--ink);color:var(--paper);
  border-radius:2px;padding:4px 6px 3px;
}


/* --- profile -------------------------------------------------------------- */
/* Portrait beside the copy on desktop, stacked on narrow screens. */
.prof{display:grid;grid-template-columns:1fr;gap:clamp(28px,4vw,56px);align-items:start}
.prof__fig{margin:0;max-width:300px}
.prof__fig img{
  width:100%;height:auto;
  aspect-ratio:700/1051;object-fit:cover;
  filter:grayscale(1);background:var(--ink-soft);
}
.prof__name{
  font:500 clamp(28px,3.6vw,44px)/1.08 var(--display);
  letter-spacing:-.024em;margin:0;
}
.prof__txt{
  color:var(--on-ink-mid);max-width:58ch;
  font-size:15px;line-height:1.58;
}
.prof__txt p{margin-bottom:.9em}
.prof__txt strong{color:var(--on-ink);font-weight:500}
.prof__link{margin-top:1.6em}
.prof__link a{
  font:500 11px/1 var(--mono);text-transform:uppercase;letter-spacing:.14em;
  color:var(--on-ink);text-decoration:none;
  border-bottom:1px solid var(--line-ink);padding-bottom:5px;
  transition:border-color .25s var(--ease);
}
.prof__link a:hover{border-bottom-color:currentColor}

/* --- contact -------------------------------------------------------------- */
.sec--contact{text-align:left}
.mail{
  -webkit-appearance:none;appearance:none;
  margin:clamp(30px,4vw,48px) 0 0;padding:0;border:0;background:none;
  display:inline-flex;flex-direction:column;align-items:flex-start;gap:12px;
  cursor:pointer;color:inherit;text-align:left;font:inherit;
}
.mail__a{
  font:500 clamp(22px,4.4vw,52px)/1.1 var(--display);
  letter-spacing:-.028em;color:var(--on-paper);
  border-bottom:2px solid var(--line-paper);padding-bottom:.1em;
  transition:border-color .25s var(--ease);
  word-break:break-word;
}
.mail:hover .mail__a{border-bottom-color:var(--on-paper)}
.mail__s{
  font:500 11px/1 var(--mono);text-transform:uppercase;letter-spacing:.14em;
  color:var(--on-paper-dim);transition:color .2s var(--ease);
}
.mail.is-copied .mail__s{color:var(--on-paper)}


/* --- legal ---------------------------------------------------------------- */
/* Folded away by default: it has to be present and readable, but it should not
   be the last thing a visitor scrolls through. */
.sec--legal{padding-top:clamp(56px,7vw,88px)}
.lgl{border-top:1px solid var(--line-ink)}
.lgl__i{border-bottom:1px solid var(--line-ink)}
.lgl__s{
  list-style:none;cursor:pointer;
  padding:clamp(18px,2.4vw,24px) 40px clamp(18px,2.4vw,24px) 0;
  position:relative;
  font:500 clamp(16px,1.7vw,20px)/1.3 var(--display);
  letter-spacing:-.012em;color:var(--on-ink);
  transition:color .2s var(--ease);
}
.lgl__s::-webkit-details-marker{display:none}
.lgl__s::after{
  content:"";position:absolute;right:6px;top:50%;width:13px;height:13px;
  margin-top:-6px;
  background:
    linear-gradient(currentColor,currentColor) center/13px 1px no-repeat,
    linear-gradient(currentColor,currentColor) center/1px 13px no-repeat;
  opacity:.5;transition:transform .25s var(--ease),opacity .2s var(--ease);
}
/* open state reads as a minus: drop the vertical stroke of the plus */
.lgl__i[open] .lgl__s::after{
  background:linear-gradient(currentColor,currentColor) center/13px 1px no-repeat;
  opacity:.9;
}
.lgl__i[open] .lgl__s{color:var(--on-ink)}
.lgl__b{
  padding:0 0 clamp(26px,3.4vw,38px);max-width:78ch;
  color:var(--on-ink-mid);font:400 14px/1.7 var(--body);
}
.lgl__b h3{
  margin:1.9em 0 .5em;color:var(--on-ink);
  font:500 12px/1.4 var(--mono);text-transform:uppercase;letter-spacing:.1em;
}
.lgl__b h3:first-of-type{margin-top:1.2em}
.lgl__b p{margin:0 0 1em}
.lgl__b a{color:var(--on-ink);text-decoration:underline;text-underline-offset:3px}
.lgl__d{
  font:500 11px/1 var(--mono);text-transform:uppercase;letter-spacing:.13em;
  color:var(--on-ink-dim);margin:0 0 1.6em;
}

/* --- footer --------------------------------------------------------------- */
.foot{background:var(--ink);color:var(--on-ink);padding:clamp(56px,7vw,84px) 0 clamp(40px,5vw,60px);border-top:1px solid var(--line-ink)}
.foot__mark{width:min(210px,52vw);height:auto;fill:currentColor;color:var(--on-ink-dim);margin-bottom:clamp(26px,3.5vw,40px)}
.foot__meta{
  font:500 11px/1.6 var(--mono);text-transform:uppercase;letter-spacing:.13em;
  color:var(--on-ink-mid);margin:0 0 14px;
}
.foot__links{
  display:flex;flex-wrap:wrap;gap:8px clamp(18px,2.6vw,32px);
  margin-top:clamp(20px,2.6vw,28px);
}
.foot__links a{
  font:500 11px/1 var(--mono);text-transform:uppercase;letter-spacing:.13em;
  color:var(--on-ink-mid);text-decoration:none;padding-bottom:4px;
  border-bottom:1px solid transparent;transition:border-color .25s var(--ease),color .25s var(--ease);
}
.foot__links a:hover{color:var(--on-ink);border-bottom-color:var(--line-ink)}

/* --- scroll reveal -------------------------------------------------------- */
.rv{opacity:0;transform:translateY(16px);transition:opacity .7s var(--ease),transform .7s var(--ease)}
.rv.in{opacity:1;transform:none}

/* --- breakpoints ---------------------------------------------------------- */
@media (min-width:560px){
  .inv{grid-template-columns:repeat(3,1fr)}
  .stats{grid-template-columns:repeat(2,1fr);column-gap:clamp(24px,4vw,56px)}
}
@media (min-width:900px){
  /* Side by side, and the picture matches the text column so the two bottom
     edges line up at any width rather than only at one. */
  .prof{grid-template-columns:minmax(0,340px) minmax(0,1fr);gap:clamp(40px,6vw,80px);align-items:stretch}
  .prof__fig{max-width:none}
  .prof__fig img{height:100%;aspect-ratio:auto;object-fit:cover}
  .caps{grid-template-columns:repeat(3,1fr);column-gap:clamp(28px,4vw,60px)}
  .cols{grid-template-columns:minmax(0,1.05fr) minmax(0,1fr);gap:clamp(40px,6vw,96px)}
  .stats{grid-template-columns:repeat(5,1fr);column-gap:clamp(18px,2.4vw,36px)}
  .stats__l{max-width:24ch}
}
@media (min-width:1100px){
  .inv{grid-template-columns:repeat(6,1fr)}
}

/* --- motion / print ------------------------------------------------------- */
@media (prefers-reduced-motion:reduce){
  html{scroll-behavior:auto}
  *,*::before,*::after{animation-duration:.001ms!important;animation-delay:0s!important;transition-duration:.001ms!important}
  .wordmark path{opacity:1!important}
  .hero__meta{opacity:1}
  .mq__row{animation:none}
  .rv{opacity:1;transform:none}
}
@media print{
  .nav,.skip{display:none}
  body{background:#fff;color:#000}
}