{"id":1958,"date":"2026-06-12T21:22:28","date_gmt":"2026-06-12T21:22:28","guid":{"rendered":"https:\/\/accendoassociates.com\/?page_id=1958"},"modified":"2026-10-02T17:08:15","modified_gmt":"2026-10-02T22:08:15","slug":"fund-thesis","status":"publish","type":"page","link":"https:\/\/accendoassociates.com\/fr\/fund-thesis\/","title":{"rendered":"Th\u00e8se de doctorat"},"content":{"rendered":"\n<style data-wp-block-html=\"css\">\n\/* =====================================================\n   ACCENDO OFFER PAGE SHARED CSS\n   Page-scoped base system for .acc-offer pages.\n   Included inside each offer page Custom HTML file.\n   ===================================================== *\/\n\n\/* ================================================\n   THEME TOKENS\n   ================================================ *\/\n\n:root {\n  --global-body-font-family: Archivo, sans-serif;\n  --global-heading-font-family: Archivo, sans-serif;\n  --global-palette1: #e30613;\n  --global-palette2: #c20510;\n  --global-palette3: #0a0a0a;\n  --global-palette4: #4b4b4b;\n  --global-palette5: #6b6b6b;\n  --global-palette6: #d8d6d0;\n  --global-palette7: #ffffff;\n  --global-palette8: #efeff5;\n  --global-palette9: #eceae5;\n  --acc-mobile-hero-image: url(\"https:\/\/accendoassociates.com\/wp-content\/uploads\/2021\/07\/Farm_Africa_Device-e1781117021963.webp\");\n}\n\nbody {\n  font-family: var(--global-body-font-family);\n}\n\n\/* ================================================\n   ACC-OFFER \u2013 BASE DESIGN SYSTEM\n   All offer-page scopes (.acc-value, .acc-techdd,\n   .acc-thesis) inherit these tokens and patterns.\n   Only genuine differences are declared in each\n   child scope below.\n   ================================================ *\/\n\n.acc-offer {\n  --red: #E30613;\n  --black: #0A0A0A;\n  --dark: #111111;\n  --text: #4B4B4B;\n  --muted: #6B6B6B;\n  --white: #FFFFFF;\n  --light: #F4F3F0;\n  --border: #E5E5E5;\n  --radius-sm: 6px;\n  --radius-md: 12px;\n  --radius-lg: 16px;\n  font-family: inherit;\n  color: var(--black);\n  background: var(--white);\n  line-height: 1.55;\n  scroll-behavior: smooth;\n  margin-top: 0;\n}\n.acc-offer * {\n  box-sizing: border-box;\n}\n.acc-offer a {\n  text-decoration: none;\n  color: inherit;\n}\n.acc-offer ul {\n  list-style: none;\n  padding: 0;\n  margin: 0;\n}\n.acc-offer p {\n  margin: 0;\n  color: var(--text);\n}\n.acc-offer strong {\n  font-weight: 800;\n  color: inherit;\n}\n.acc-offer h1,\n.acc-offer h2,\n.acc-offer h3 {\n  margin: 0;\n  font-family: var(--global-heading-font-family);\n  font-weight: 800;\n  letter-spacing: -0.04em;\n  line-height: 1.02;\n}\n.acc-offer h1 {\n  font-weight: 400;\n  letter-spacing: -0.055em;\n}\n.acc-offer .wrap {\n  max-width: 1180px;\n  margin: 0 auto;\n  padding-left: 28px;\n  padding-right: 28px;\n}\n.acc-offer .label-small {\n  font-size: 13px;\n  font-weight: 700;\n  letter-spacing: 0.02em;\n}\n.acc-offer .red {\n  color: var(--red);\n}\n.acc-offer .muted {\n  color: var(--muted);\n}\n\n\n\/* --- BUTTONS --- *\/\n\n.acc-offer .btn,\n.acc-home .btn {\n  display: inline-flex;\n  align-items: center;\n  justify-content: center;\n  background: var(--red);\n  color: var(--white);\n  padding: 16px 24px;\n  font-size: 14px;\n  font-weight: 800;\n  border: 2px solid var(--red);\n  border-radius: var(--radius-sm);\n  line-height: 1;\n  transition: all 0.2s ease;\n  font-family: inherit;\n}\n.acc-offer .btn:hover,\n.acc-home .btn:hover {\n  background: var(--black);\n  border-color: var(--black);\n  color: var(--white);\n  transform: translateY(-2px);\n}\n.acc-offer .btn-outline,\n.acc-home .btn-outline {\n  background: transparent;\n  color: var(--white);\n  border-color: rgba(255, 255, 255, 0.38);\n}\n.acc-offer .btn-outline:hover,\n.acc-home .btn-outline:hover {\n  background: var(--white);\n  border-color: var(--white);\n  color: var(--black);\n}\n.acc-offer .btn-light {\n  background: var(--white);\n  color: var(--red);\n  border-color: var(--white);\n}\n.acc-offer .btn-light:hover {\n  background: var(--black);\n  color: var(--white);\n  border-color: var(--black);\n}\n\n\n\/* --- SITE HEADER \/ NAV --- *\/\n\n.acc-offer .site-header {\n  background: var(--white);\n  border-bottom: 1px solid var(--border);\n  position: relative;\n  z-index: 9500;\n}\n.acc-offer .site-header-inner,\n.acc-home .site-header-inner {\n  min-height: 84px;\n  display: flex;\n  align-items: center;\n  justify-content: space-between;\n  gap: 32px;\n}\n.acc-offer .site-logo {\n  display: inline-flex;\n  align-items: center;\n  flex-shrink: 0;\n}\n.acc-offer .site-logo img {\n  height: 44px;\n  width: auto;\n  display: block;\n}\n.acc-offer .site-nav {\n  display: flex;\n  align-items: center;\n  flex: 1;\n  justify-content: flex-end;\n}\n.acc-offer .site-menu {\n  display: flex;\n  align-items: center;\n  gap: 6px;\n}\n.acc-offer .site-menu > li {\n  position: relative;\n}\n.acc-offer .site-menu .mobile-cta {\n  display: none;\n}\n.acc-offer .site-menu > li > a {\n  display: inline-flex;\n  align-items: center;\n  gap: 6px;\n  padding: 12px 14px;\n  font-size: 15px;\n  font-weight: 600;\n  color: var(--black);\n  line-height: 1;\n  transition: color 0.15s ease;\n}\n.acc-offer .site-menu > li > a:hover {\n  color: var(--red);\n}\n.acc-offer .site-menu .caret {\n  display: inline-block;\n  width: 7px;\n  height: 7px;\n  border-right: 2px solid currentColor;\n  border-bottom: 2px solid currentColor;\n  transform: rotate(45deg) translateY(-2px);\n  flex-shrink: 0;\n}\n.acc-offer .sub-menu {\n  position: absolute;\n  top: 100%;\n  left: 0;\n  min-width: 250px;\n  background: var(--white);\n  border: 1px solid var(--border);\n  border-radius: var(--radius-md);\n  box-shadow: 0 14px 35px rgba(0, 0, 0, 0.1);\n  padding: 8px 0;\n  opacity: 0;\n  visibility: hidden;\n  transform: translateY(6px);\n  transition: all 0.18s ease;\n  z-index: 9600;\n}\n.acc-offer .site-menu li:hover > .sub-menu,\n.acc-offer .site-menu li:focus-within > .sub-menu {\n  opacity: 1;\n  visibility: visible;\n  transform: translateY(0);\n}\n.acc-offer .sub-menu a,\n.acc-home .sub-menu a {\n  display: block;\n  padding: 11px 18px;\n  font-size: 14px;\n  font-weight: 600;\n  color: var(--black);\n  transition: all 0.15s ease;\n}\n.acc-offer .sub-menu a:hover,\n.acc-home .sub-menu a:hover {\n  color: var(--red);\n  background: rgba(227, 6, 19, 0.06);\n}\n.acc-offer .site-cta {\n  flex-shrink: 0;\n  padding: 13px 22px;\n  font-size: 14px;\n}\n.acc-offer .site-menu-toggle {\n  display: none;\n  flex-direction: column;\n  justify-content: center;\n  gap: 5px;\n  width: 44px;\n  height: 44px;\n  padding: 10px;\n  background: transparent;\n  border: 1px solid var(--border);\n  cursor: pointer;\n}\n.acc-offer .site-menu-toggle span {\n  display: block;\n  height: 2px;\n  width: 100%;\n  background: var(--black);\n  transition: all 0.2s ease;\n}\n.acc-offer .site-header.open .site-menu-toggle span:first-child {\n  transform: translateY(7px) rotate(45deg);\n}\n.acc-offer .site-header.open .site-menu-toggle span:nth-child(2) {\n  opacity: 0;\n}\n.acc-offer .site-header.open .site-menu-toggle span:nth-child(3) {\n  transform: translateY(-7px) rotate(-45deg);\n}\n\n\n\/* --- HERO --- *\/\n\n.acc-offer .hero {\n  background:\n    linear-gradient(rgba(255, 255, 255, 0.035) 1px, transparent 1px),\n    linear-gradient(90deg, rgba(255, 255, 255, 0.035) 1px, transparent 1px),\n    var(--dark);\n  background-size: 56px 56px;\n  color: var(--white);\n  padding: 72px 0 0;\n  position: relative;\n  z-index: 1;\n  overflow: hidden;\n}\n.acc-offer .hero .eyebrow {\n  color: var(--red);\n  margin-bottom: 28px;\n  font-size: 14px;\n  font-weight: 700;\n  letter-spacing: 0.02em;\n}\n.acc-offer .hero h1 {\n  color: var(--white);\n  font-size: clamp(50px, 7vw, 92px);\n  font-weight: 400;\n  line-height: 0.98;\n  letter-spacing: -0.06em;\n  max-width: 820px;\n}\n.acc-offer .hero h1 span,\n.acc-offer.acc-thesis .hero h1 span,\n.acc-offer.acc-value .hero h1 span {\n  color: var(--red);\n  font-weight: 700;\n}\n.acc-offer .hero::after {\n  content: \"\";\n  position: absolute;\n  width: 520px;\n  height: 520px;\n  right: -160px;\n  top: -180px;\n  background: radial-gradient(circle, rgba(227, 6, 19, 0.22), rgba(227, 6, 19, 0) 62%);\n  pointer-events: none;\n}\n.acc-offer .hero-inner {\n  display: grid;\n  grid-template-columns: minmax(0, 1fr) 380px;\n  gap: 54px;\n  align-items: center;\n  padding-bottom: 64px;\n  position: relative;\n  z-index: 2;\n}\n.acc-offer .hero-text {\n  min-width: 0;\n}\n.acc-offer .hero-visual {\n  display: flex;\n  align-items: center;\n  justify-content: center;\n}\n.acc-offer .hero-visual-card {\n  width: 100%;\n  background: linear-gradient(145deg, rgba(255, 255, 255, 0.12), rgba(255, 255, 255, 0.035));\n  border: 1px solid rgba(255, 255, 255, 0.18);\n  border-radius: var(--radius-lg);\n  padding: 20px;\n  box-shadow: 0 24px 70px rgba(0, 0, 0, 0.38);\n}\n.acc-offer .hero-visual-card svg {\n  width: 100%;\n  height: auto;\n  display: block;\n  border-radius: calc(var(--radius-lg) - 6px);\n}\n.acc-offer .hero-caption {\n  margin-top: 14px;\n  color: rgba(255, 255, 255, 0.52);\n  font-size: 12px;\n  line-height: 1.45;\n  border-top: 1px solid rgba(255, 255, 255, 0.12);\n  padding-top: 12px;\n}\n.acc-offer .hero-copy {\n  max-width: 640px;\n  margin-top: 30px;\n  color: rgba(255, 255, 255, 0.76);\n  font-size: 20px;\n  line-height: 1.5;\n}\n.acc-offer .hero-actions {\n  display: flex;\n  align-items: center;\n  gap: 16px;\n  flex-wrap: wrap;\n  margin-top: 34px;\n}\n\n\n\/* --- PROGRAM NAV --- *\/\n\n.acc-offer .program-nav {\n  position: sticky;\n  top: 0;\n  z-index: 9000;\n  background: var(--white);\n  border-top: 1px solid var(--border);\n  border-bottom: 1px solid var(--border);\n  box-shadow: 0 8px 24px rgba(0, 0, 0, 0.05);\n  width: 100%;\n}\n.acc-offer .program-nav-inner {\n  min-height: 68px;\n  display: flex;\n  align-items: center;\n  justify-content: space-between;\n  gap: 24px;\n}\n.acc-offer .program-brand {\n  color: var(--muted);\n  font-size: 13px;\n  font-weight: 700;\n  white-space: nowrap;\n}\n.acc-offer .program-links {\n  display: flex;\n  align-items: center;\n  gap: 8px;\n  flex-wrap: wrap;\n  font-size: 13px;\n}\n.acc-offer .program-links a {\n  color: var(--black);\n  border: 1px solid transparent;\n  background: transparent;\n  padding: 10px 13px;\n  border-radius: var(--radius-sm);\n  font-weight: 700;\n  line-height: 1;\n  transition: all 0.2s ease;\n}\n.acc-offer .program-links a:hover,\n.acc-offer .program-links a.is-active {\n  color: var(--red);\n  border-color: rgba(227, 6, 19, 0.22);\n  background: rgba(227, 6, 19, 0.08);\n}\n\n\n\/* --- SECTIONS --- *\/\n\n.acc-offer .section {\n  padding: 78px 0;\n  scroll-margin-top: 120px;\n  position: relative;\n  overflow: visible;\n}\n.acc-offer .section-head {\n  display: flex;\n  align-items: center;\n  gap: 14px;\n  margin-bottom: 26px;\n}\n.acc-offer .section-label {\n  font-weight: 700;\n  color: var(--red);\n  font-size: 15px;\n  white-space: nowrap;\n}\n.acc-offer .section-line,\n.acc-offer.acc-techdd .section-line,\n.acc-offer.acc-thesis .section-line,\n.acc-offer.acc-value .section-line,\n.acc-home .section-line {\n  flex: 1;\n  height: 1px;\n  background: var(--border);\n}\n.acc-offer .section-title {\n  font-size: clamp(42px, 5vw, 66px);\n  margin-bottom: 22px;\n}\n.acc-offer .section-white {\n  background: var(--white);\n}\n.acc-offer .section-grey {\n  background: #f4f3f0;\n}\n.acc-offer .section-black {\n  background: var(--dark);\n  color: var(--white);\n}\n.acc-offer .section-black .section-title,\n.acc-offer .section-black .section-label {\n  color: var(--white);\n}\n.acc-offer .section-black .section-line {\n  background: rgba(255, 255, 255, 0.18);\n}\n.acc-offer .section-black p {\n  color: rgba(255, 255, 255, 0.7);\n}\n.acc-offer .section-deal {\n  padding-top: 86px;\n  padding-bottom: 104px;\n}\n.acc-offer .section-team {\n  padding-top: 126px;\n  padding-bottom: 92px;\n}\n.acc-offer .section-team .section-line {\n  background: rgba(10, 10, 10, 0.14);\n}\n.acc-offer .section-deal .visual-split,\n.acc-offer .section-team .visual-split {\n  align-items: center;\n}\n.acc-offer .section-deal .split-img,\n.acc-offer .section-team .split-img {\n  position: relative;\n  z-index: 3;\n}\n\n\n\/* --- LAYOUTS --- *\/\n\n.acc-offer .two-col {\n  display: grid;\n  grid-template-columns: 1fr 1fr;\n  gap: 56px;\n  align-items: center;\n}\n.acc-offer .copy p {\n  font-size: 17px;\n  margin-bottom: 20px;\n}\n.acc-offer .dark-two-col {\n  display: grid;\n  grid-template-columns: 1fr 1fr;\n  gap: 56px;\n}\n.acc-offer .dark-two-col p {\n  color: rgba(255, 255, 255, 0.72);\n  font-size: 16px;\n  margin-bottom: 18px;\n  line-height: 1.6;\n}\n.acc-offer .dark-two-col strong {\n  color: var(--white);\n}\n\n\n\/* --- BLACK CARD --- *\/\n\n.acc-offer .black-card {\n  background: var(--dark);\n  color: var(--white);\n  padding: 48px;\n  border-radius: var(--radius-md);\n  transition: all 0.25s ease;\n}\n.acc-offer .black-card:hover {\n  transform: translateY(-4px);\n  box-shadow: 0 18px 40px rgba(0, 0, 0, 0.18);\n}\n.acc-offer .black-card h3 {\n  color: var(--white);\n  font-size: 26px;\n  line-height: 1.2;\n  letter-spacing: -0.03em;\n  margin-top: 14px;\n}\n.acc-offer .black-card h3 span {\n  color: var(--red);\n}\n\n\n\/* --- DARK GRID (base) --- *\/\n\n.acc-offer .dark-grid {\n  display: grid;\n  grid-template-columns: repeat(3, 1fr);\n  border: 1px solid rgba(255, 255, 255, 0.22);\n  border-radius: var(--radius-md);\n  overflow: hidden;\n  margin: 36px 0 48px;\n}\n.acc-offer .dark-col {\n  padding: 38px 32px;\n  border-right: 1px solid rgba(255, 255, 255, 0.22);\n  transition: background 0.2s ease;\n}\n.acc-offer .dark-col:last-child {\n  border-right: 0;\n}\n.acc-offer .dark-col:hover {\n  background: rgba(255, 255, 255, 0.06);\n}\n.acc-offer .dark-col .big {\n  font-size: 46px;\n  font-weight: 800;\n  color: var(--white);\n  line-height: 1;\n}\n.acc-offer .dark-col .big.red {\n  color: var(--red);\n}\n.acc-offer .dark-col .sub {\n  font-size: 16px;\n  font-weight: 700;\n  color: rgba(255, 255, 255, 0.8);\n  margin-top: 8px;\n}\n.acc-offer .dark-col p {\n  font-size: 15px;\n  color: rgba(255, 255, 255, 0.58);\n  margin-top: 12px;\n  line-height: 1.6;\n}\n\n\n\/* --- IMAGE CARD --- *\/\n\n.acc-offer .img-card {\n  border: 1px solid var(--border);\n  background: var(--white);\n  border-radius: var(--radius-lg);\n  padding: 10px;\n  box-shadow: 0 20px 56px rgba(0, 0, 0, 0.1);\n}\n.acc-offer .img-card img,\n.acc-offer.acc-techdd .img-card img,\n.acc-offer.acc-thesis .img-card img,\n.acc-offer.acc-value .img-card img {\n  width: 100%;\n  height: auto;\n  display: block;\n  border-radius: calc(var(--radius-lg) - 6px);\n}\n.acc-offer .img-caption,\n.acc-offer.acc-thesis .img-caption,\n.acc-offer.acc-value .img-caption {\n  padding: 12px 6px 6px;\n  color: var(--muted);\n  font-size: 12px;\n  border-top: 1px solid var(--border);\n  line-height: 1.5;\n}\n\n\n\/* --- VISUAL SPLIT --- *\/\n\n.acc-offer .visual-split {\n  display: grid;\n  gap: 52px;\n  align-items: center;\n}\n.acc-offer .visual-split.img-right {\n  grid-template-columns: 0.92fr 1.35fr;\n}\n.acc-offer .visual-split.img-left {\n  grid-template-columns: 1.35fr 0.92fr;\n}\n.acc-offer .split-copy h2 {\n  font-size: clamp(34px, 4vw, 52px);\n  margin-bottom: 18px;\n}\n.acc-offer .split-copy p {\n  font-size: 17px;\n  line-height: 1.65;\n  margin-bottom: 18px;\n}\n.acc-offer .split-copy .section-head {\n  margin-bottom: 20px;\n}\n\n\n\/* --- PROOF STRIP --- *\/\n\n.acc-offer .proof-strip {\n  display: grid;\n  grid-template-columns: repeat(3, 1fr);\n  gap: 1px;\n  background: var(--border);\n  border: 1px solid var(--border);\n  border-radius: var(--radius-md);\n  overflow: hidden;\n  margin-top: 28px;\n}\n.acc-offer .proof-item {\n  background: var(--white);\n  padding: 18px;\n}\n.acc-offer .proof-item strong {\n  display: block;\n  color: var(--black);\n  font-size: 13px;\n  text-transform: uppercase;\n  letter-spacing: 0.035em;\n  margin-bottom: 7px;\n}\n.acc-offer .proof-item span {\n  display: block;\n  color: var(--muted);\n  font-size: 13px;\n  line-height: 1.45;\n}\n\n\n\/* --- IMAGE OVERHANG --- *\/\n\n.acc-offer .img-overhang {\n  position: relative;\n  z-index: 3;\n  border: 0;\n  padding: 12px;\n  box-shadow: 0 26px 80px rgba(0, 0, 0, 0.16);\n}\n.acc-offer .img-overhang::before {\n  content: \"\";\n  position: absolute;\n  inset: -12px;\n  border: 1px solid rgba(10, 10, 10, 0.08);\n  border-radius: calc(var(--radius-lg) + 10px);\n  pointer-events: none;\n}\n.acc-offer .img-overhang-deal { transform: translateY(34px); }\n.acc-offer .img-overhang-team { transform: translateY(-38px); }\n\n\n\/* --- VISUAL BRIDGE --- *\/\n\n.acc-offer .visual-bridge {\n  position: relative;\n  overflow: visible;\n  background: linear-gradient(180deg,\n    #f4f3f0 0%, #f4f3f0 30%,\n    var(--dark) 30%, var(--dark) 72%,\n    var(--white) 72%, var(--white) 100%);\n  padding: 0;\n  z-index: 2;\n}\n.acc-offer .bridge-panel {\n  min-height: 330px;\n  background:\n    linear-gradient(rgba(255, 255, 255, 0.035) 1px, transparent 1px),\n    linear-gradient(90deg, rgba(255, 255, 255, 0.035) 1px, transparent 1px),\n    #111111;\n  background-size: 44px 44px;\n  color: var(--white);\n  display: grid;\n  grid-template-columns: 0.82fr 1.18fr;\n  gap: 42px;\n  align-items: center;\n  padding: 52px;\n  border-radius: var(--radius-lg);\n  box-shadow: 0 34px 90px rgba(0, 0, 0, 0.28);\n  position: relative;\n}\n.acc-offer .bridge-panel::after {\n  content: \"\";\n  position: absolute;\n  right: -110px;\n  top: -90px;\n  width: 300px;\n  height: 300px;\n  background: radial-gradient(circle, rgba(227, 6, 19, 0.18), rgba(227, 6, 19, 0) 68%);\n  pointer-events: none;\n}\n.acc-offer .bridge-kicker {\n  color: var(--red);\n  font-size: 13px;\n  font-weight: 800;\n  letter-spacing: 0.04em;\n  text-transform: uppercase;\n  margin-bottom: 12px;\n}\n.acc-offer .bridge-copy h3 {\n  color: var(--white);\n  font-size: clamp(30px, 3.2vw, 46px);\n  letter-spacing: -0.045em;\n  line-height: 1.02;\n  margin-bottom: 18px;\n}\n.acc-offer .bridge-copy p {\n  color: rgba(255, 255, 255, 0.68);\n  font-size: 16px;\n  line-height: 1.6;\n  max-width: 440px;\n}\n.acc-offer .bridge-stack,\n.acc-offer.acc-thesis .bridge-stack {\n  position: relative;\n  min-height: 310px;\n  z-index: 2;\n}\n.acc-offer .bridge-image,\n.acc-offer.acc-thesis .bridge-image {\n  position: absolute;\n  background: var(--white);\n  border-radius: var(--radius-md);\n  padding: 8px;\n  box-shadow: 0 24px 70px rgba(0, 0, 0, 0.34);\n  width: 66%;\n  margin: 0;\n}\n.acc-offer .bridge-image img,\n.acc-offer.acc-thesis .bridge-image img {\n  display: block;\n  width: 100%;\n  height: auto;\n  border-radius: calc(var(--radius-md) - 5px);\n}\n.acc-offer .bridge-image figcaption {\n  margin: 0;\n  padding: 9px 4px 2px;\n  color: var(--muted);\n  font-size: 11px;\n  line-height: 1.35;\n}\n.acc-offer .bridge-image-top {\n  right: 0;\n  top: -86px;\n  transform: rotate(-1.4deg);\n}\n.acc-offer .bridge-image-bottom {\n  left: 0;\n  bottom: -88px;\n  transform: rotate(1.2deg);\n}\n.acc-offer .bridge-arrow,\n.acc-offer.acc-thesis .bridge-arrow {\n  position: absolute;\n  left: 50%;\n  top: 50%;\n  width: 74px;\n  height: 74px;\n  transform: translate(-50%, -50%);\n  background: var(--red);\n  color: var(--white);\n  border: 8px solid #111111;\n  border-radius: 999px;\n  display: flex;\n  align-items: center;\n  justify-content: center;\n  font-size: 30px;\n  font-weight: 400;\n  z-index: 4;\n  box-shadow: 0 12px 34px rgba(0, 0, 0, 0.36);\n}\n\n\n\/* --- IMAGE STACK DECORATOR (shared pseudo-element anchor) --- *\/\n\n.acc-offer.acc-techdd .image-stack::before,\n.acc-offer.acc-techdd .image-stack::after,\n.acc-offer.acc-thesis .image-stack::before,\n.acc-offer.acc-thesis .image-stack::after,\n.acc-offer.acc-value .image-stack::before,\n.acc-offer.acc-value .image-stack::after {\n  content: \"\";\n  position: absolute;\n  border-radius: calc(var(--radius-lg) + 4px);\n  pointer-events: none;\n}\n\n\n\/* ================================================\n   ACC-OFFER BASE \u2013 RESPONSIVE\n   ================================================ *\/\n\n@media (max-width: 980px) {\n  .acc-offer .two-col,\n  .acc-offer .dark-two-col,\n  .acc-offer .hero-inner,\n  .acc-offer .visual-split.img-right,\n  .acc-offer .visual-split.img-left,\n  .acc-offer .proof-strip {\n    grid-template-columns: 1fr;\n  }\n  .acc-offer .dark-grid {\n    grid-template-columns: 1fr;\n  }\n  .acc-offer .dark-col {\n    border-right: 0;\n    border-bottom: 1px solid rgba(255, 255, 255, 0.22);\n  }\n  .acc-offer .dark-col:last-child {\n    border-bottom: 0;\n  }\n  .acc-offer .hero-visual {\n    justify-content: flex-start;\n  }\n  .acc-offer .hero-visual-card {\n    max-width: 460px;\n  }\n  .acc-offer .section-deal { padding-bottom: 80px; }\n  .acc-offer .section-team { padding-top: 82px; }\n  .acc-offer .img-overhang-deal,\n  .acc-offer .img-overhang-team {\n    transform: none;\n  }\n  .acc-offer .visual-bridge {\n    background: linear-gradient(180deg,\n      #f4f3f0 0%, var(--dark) 18%, var(--dark) 80%,\n      var(--white) 80%, var(--white) 100%);\n  }\n  .acc-offer .bridge-panel {\n    grid-template-columns: 1fr;\n    padding: 34px 24px;\n  }\n  .acc-offer .bridge-stack {\n    min-height: auto;\n    display: grid;\n    grid-template-columns: 1fr;\n    gap: 18px;\n  }\n  .acc-offer .bridge-image {\n    position: relative;\n    width: 100%;\n    right: auto;\n    bottom: auto;\n  }\n  .acc-offer .bridge-arrow {\n    position: relative;\n    left: auto;\n    top: auto;\n    transform: none;\n    margin: -8px auto;\n  }\n}\n\n@media (max-width: 900px) {\n  .acc-offer .site-header-inner {\n    min-height: 72px;\n  }\n  .acc-offer .site-logo img {\n    height: 38px;\n  }\n  .acc-offer .site-cta {\n    display: none;\n  }\n  .acc-offer .site-menu-toggle {\n    display: flex;\n  }\n  .acc-offer .site-nav {\n    display: none;\n    position: absolute;\n    top: 100%;\n    left: 0;\n    right: 0;\n    background: var(--white);\n    border-bottom: 1px solid var(--border);\n    box-shadow: 0 18px 40px rgba(0, 0, 0, 0.1);\n    padding: 10px 20px 22px;\n  }\n  .acc-offer .site-header.open .site-nav {\n    display: block;\n  }\n  .acc-offer .site-menu {\n    display: block;\n  }\n  .acc-offer .site-menu > li > a {\n    display: flex;\n    width: 100%;\n    padding: 14px 4px;\n    font-size: 16px;\n    border-bottom: 1px solid var(--border);\n  }\n  .acc-offer .sub-menu {\n    position: static;\n    opacity: 1;\n    visibility: visible;\n    transform: none;\n    border: 0;\n    box-shadow: none;\n    padding: 0 0 6px 16px;\n    min-width: 0;\n  }\n  .acc-offer .sub-menu a {\n    padding: 11px 4px;\n    color: var(--muted);\n  }\n  .acc-offer .site-menu .mobile-cta {\n    display: block;\n    margin-top: 16px;\n  }\n  .acc-offer .site-menu .mobile-cta a {\n    display: inline-flex;\n    background: var(--red);\n    color: var(--white);\n    padding: 14px 24px;\n    font-weight: 800;\n    font-size: 14px;\n    border-radius: var(--radius-sm);\n    border-bottom: 0;\n  }\n}\n\n@media (max-width: 640px) {\n  .acc-offer .wrap {\n    padding-left: 20px;\n    padding-right: 20px;\n  }\n  .acc-offer .hero { padding-top: 48px; }\n  .acc-offer .hero h1 { font-size: clamp(46px, 14vw, 72px); }\n  .acc-offer .section { padding: 56px 0; }\n  .acc-offer .hero-actions {\n    flex-direction: column;\n    align-items: stretch;\n  }\n  .acc-offer .hero-actions .btn {\n    text-align: center;\n    justify-content: center;\n  }\n  .acc-offer .program-brand { display: none; }\n  .acc-offer .bridge-panel { padding: 28px 18px; }\n  .acc-offer .bridge-copy h3 { font-size: 32px; }\n}\n\n\/* ================================================\n   ACC-OFFER.ACC-THESIS \u2013 NEXT FUND THESIS PAGE\n   ================================================ *\/\n\n\/* \u2500\u2500 HERO: full-bleed image column \u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\n   The thesis hero breaks from the base .acc-offer hero layout.\n   Instead of a contained card floating in a padded column, the right\n   half of the viewport IS the image \u2014 no card chrome, no padding,\n   object-fit:cover fills the full viewport height.\n   \u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500 *\/\n\n.acc-offer.acc-thesis .hero {\n  background:\n    linear-gradient(to right, #111111 0%, #111111 30%, rgba(17,17,17,0.85) 45%, rgba(17,17,17,0) 65%),\n    radial-gradient(circle at 78% 12%, rgba(227, 6, 19, 0.18), rgba(227, 6, 19, 0) 28%),\n    linear-gradient(rgba(255, 255, 255, 0.035) 1px, transparent 1px),\n    linear-gradient(90deg, rgba(255, 255, 255, 0.035) 1px, transparent 1px),\n    url(\"\/wp-content\/uploads\/2026\/06\/accendo_investment_thesis_hero_3.webp\"),\n    #111111;\n  background-size: auto, auto, 56px 56px, 56px 56px, 50%, auto;\n  background-position: left, left, 0 0, 0 0, right center, left;\n  background-repeat: no-repeat, no-repeat, repeat, repeat, no-repeat, no-repeat;\n  padding: 0;\n  min-height: 92vh;\n  display: flex;\n  align-items: stretch;\n  overflow: hidden;\n}\n\n\/* Wrap must go full-width to allow the image column to bleed *\/\n.acc-offer.acc-thesis .hero .wrap {\n  max-width: 100%;\n  padding: 0;\n  display: flex;\n  align-items: stretch;\n  width: 100%;\n}\n\n.acc-offer.acc-thesis .hero-inner {\n  display: flex;\n  min-height: 92vh;\n  width: 100%;\n  align-items: center;\n  padding-bottom: 0;\n  position: relative;\n  z-index: 2;\n}\n\n\/* Left: text column \u2014 max 48% so image shows on the right *\/\n.acc-offer.acc-thesis .hero-text {\n  display: flex;\n  flex-direction: column;\n  justify-content: center;\n  padding: 5rem 3rem 5rem 5vw;\n  max-width: 48%;\n  min-width: 0;\n  background: transparent;\n}\n\n.acc-offer.acc-thesis .hero .eyebrow {\n  margin-bottom: 24px;\n  font-size: 13px;\n  font-weight: 800;\n  letter-spacing: 0.07em;\n  text-transform: uppercase;\n}\n\n.acc-offer.acc-thesis .hero h1 {\n  font-size: clamp(50px, 6.8vw, 92px);\n  max-width: 860px;\n}\n\n.acc-offer.acc-thesis .hero-copy {\n  max-width: 100ch;\n  margin-top: 28px;\n  color: rgba(255, 255, 255, 0.74);\n  font-size: 19px;\n  line-height: 1.55;\n}\n\n.acc-offer.acc-thesis .hero-copy-secondary {\n  margin-top: 16px;\n  color: rgba(255, 255, 255, 0.62);\n  font-size: 17px;\n}\n\n.acc-offer.acc-thesis .hero-actions {\n  display: flex;\n  gap: 14px;\n  flex-wrap: wrap;\n  margin-top: 34px;\n}\n\n.acc-offer.acc-thesis .hero-note {\n  margin-top: 22px;\n  max-width: 38ch;\n  color: rgba(255, 255, 255, 0.4);\n  font-size: 12px;\n  line-height: 1.5;\n}\n\n\/* Right: image column \u2014 hidden; image is now a background on .hero *\/\n.acc-offer.acc-thesis .hero-visual {\n  display: none;\n}\n\n\/* Soft gradient bridges text \u2194 image columns *\/\n.acc-offer.acc-thesis .hero-visual::before {\n  content: '';\n  position: absolute;\n  inset: 0;\n  background: linear-gradient(to right, rgba(17, 17, 17, 0.55) 0%, transparent 28%);\n  z-index: 5;\n  pointer-events: none;\n}\n\n\/* Strip graphic-stage spacing in the hero context only *\/\n.acc-offer.acc-thesis .hero .graphic-stage {\n  position: absolute;\n  inset: 0;\n  padding: 0;\n  margin: 0;\n  border-radius: 0;\n  transform: none;\n}\n\n\/* Strip img-card chrome in the hero context only *\/\n.acc-offer.acc-thesis .hero .img-card {\n  position: absolute;\n  inset: 0;\n  border-radius: 0;\n  border: none;\n  background: transparent;\n  padding: 0;\n  box-shadow: none;\n}\n\n\/* Image: cover fills the column; center-center keeps the diagram in frame *\/\n.acc-offer.acc-thesis .hero .img-card img {\n  width: 100%;\n  height: 100%;\n  object-fit: cover;\n  object-position: center center;\n  display: block;\n  border-radius: 0;\n}\n\n\/* Explicit height to make object-fit work on the img *\/\n.acc-offer.acc-thesis .hero .img-card {\n  display: block;\n}\n.acc-offer.acc-thesis .hero .img-card img {\n  height: 100%;\n}\n\n\/* Hide caption \u2014 legible in other img-cards, not here *\/\n.acc-offer.acc-thesis .hero .img-caption {\n  display: none;\n}\n\n\/* Chip: floating pill pinned bottom-right of image *\/\n.acc-offer.acc-thesis .hero .graphic-chip {\n  position: absolute;\n  bottom: 2rem;\n  right: 2rem;\n  z-index: 10;\n  \/* Override the base chip positioning rules *\/\n  top: auto;\n  left: auto;\n  max-width: none;\n  box-shadow: 0 8px 24px rgba(0, 0, 0, 0.22);\n}\n\n\/* Sections *\/\n.acc-offer.acc-thesis .section {\n  padding: 78px 0;\n  scroll-margin-top: 110px;\n  position: relative;\n  overflow: visible;\n}\n.acc-offer.acc-thesis .section.light { background: var(--light); }\n.acc-offer.acc-thesis .section.dark {\n  background:\n    linear-gradient(rgba(255, 255, 255, 0.035) 1px, transparent 1px),\n    linear-gradient(90deg, rgba(255, 255, 255, 0.035) 1px, transparent 1px),\n    var(--dark);\n  background-size: 56px 56px;\n  color: var(--white);\n  overflow: hidden;\n}\n.acc-offer.acc-thesis .section-head { margin-bottom: 22px; }\n.acc-offer.acc-thesis .section-label {\n  font-size: 13px;\n  font-weight: 800;\n  letter-spacing: 0.06em;\n  text-transform: uppercase;\n}\n.acc-offer.acc-thesis .dark .section-label { color: rgba(255, 255, 255, 0.55); }\n.acc-offer.acc-thesis .dark .section-line  { background: rgba(255, 255, 255, 0.14); }\n.acc-offer.acc-thesis .dark .section-title { color: var(--white); }\n.acc-offer.acc-thesis .section-title span  { color: var(--red); }\n.acc-offer.acc-thesis .section-title {\n  font-size: clamp(38px, 4.9vw, 64px);\n  line-height: 1.02;\n  letter-spacing: -0.045em;\n  margin-bottom: 18px;\n}\n.acc-offer.acc-thesis .section-subtitle,\n.acc-offer.acc-thesis .section-lead {\n  max-width: 760px;\n  color: var(--text);\n  font-size: 18px;\n  line-height: 1.65;\n}\n.acc-offer.acc-thesis .section-subtitle + .section-subtitle { margin-top: 16px; }\n.acc-offer.acc-thesis .section-subtitle.narrow { max-width: 1020px}\n.acc-offer.acc-thesis .dark .section-subtitle,\n.acc-offer.acc-thesis .dark .section-lead { color: rgba(255, 255, 255, 0.7); }\n.acc-offer.acc-thesis p strong { color: var(--black); }\n.acc-offer.acc-thesis .dark p strong  { color: var(--white); }\n.acc-offer.acc-thesis .dark .split-copy p { color: rgba(255, 255, 255, 0.68); }\n\n\/* Thesis card grid *\/\n.acc-offer.acc-thesis .thesis-card-grid {\n  display: grid;\n  gap: 1px;\n  background: var(--border);\n  border: 1px solid var(--border);\n  border-radius: var(--radius-lg);\n  overflow: hidden;\n  margin-top: 40px;\n}\n.acc-offer.acc-thesis .thesis-card-grid.four { grid-template-columns: repeat(4, 1fr); }\n.acc-offer.acc-thesis .thesis-card {\n  background: var(--white);\n  padding: 30px 24px 28px;\n  transition: all 0.2s ease;\n}\n.acc-offer.acc-thesis .thesis-card:hover {\n  background: #fafafa;\n  transform: translateY(-2px);\n}\n.acc-offer.acc-thesis .card-num {\n  display: inline-flex;\n  width: 38px;\n  height: 38px;\n  align-items: center;\n  justify-content: center;\n  border-radius: 50%;\n  background: rgba(227, 6, 19, 0.1);\n  color: var(--red);\n  font-size: 13px;\n  font-weight: 900;\n  margin-bottom: 18px;\n}\n.acc-offer.acc-thesis .thesis-card h3,\n.acc-offer.acc-thesis .mode-tile h3,\n.acc-offer.acc-thesis .deliverable-card h3,\n.acc-offer.acc-thesis .process-note-grid h3 {\n  font-size: 23px;\n  line-height: 1.12;\n  letter-spacing: -0.035em;\n  margin-bottom: 10px;\n}\n.acc-offer.acc-thesis .section.dark .instruments-grid {\n  border-color: rgba(255, 255, 255, 0.14);\n  background: rgba(255, 255, 255, 0.08);\n}\n\n.acc-offer.acc-thesis .section.dark .instruments-grid .deliverable-card {\n  background: rgba(255, 255, 255, 0.05);\n  border-color: rgba(255, 255, 255, 0.1);\n}\n\n.acc-offer.acc-thesis .section.dark .instruments-grid .deliverable-num {\n  background: rgba(227, 6, 19, 0.2);\n}\n\n.acc-offer.acc-thesis .section.dark .instruments-grid h3 {\n  color: var(--white);\n}\n\n.acc-offer.acc-thesis .section.dark .instruments-grid p {\n  color: rgba(255, 255, 255, 0.62);\n}\n.acc-offer.acc-thesis .thesis-card p,\n.acc-offer.acc-thesis .mode-tile p,\n.acc-offer.acc-thesis .deliverable-card p,\n.acc-offer.acc-thesis .process-note-grid p {\n  color: var(--muted);\n  font-size: 15px;\n  line-height: 1.58;\n}\n\n\/* Visual split *\/\n.acc-offer.acc-thesis .visual-split { display: grid; gap: 54px; align-items: center; }\n.acc-offer.acc-thesis .visual-split.img-right { grid-template-columns: 0.90fr 1.10fr; }\n.acc-offer.acc-thesis .visual-split.img-left  { grid-template-columns: 1.10fr 0.90fr; }\n.acc-offer.acc-thesis .split-copy p { font-size: 17px; line-height: 1.65; margin-bottom: 18px; }\n\n\/* Image card *\/\n.acc-offer.acc-thesis .img-card { border-radius: var(--radius-lg); position: relative; }\n.acc-offer.acc-thesis .img-card.image-dark {\n  background: #0b0d0f;\n  border-color: rgba(255, 255, 255, 0.14);\n}\n.acc-offer.acc-thesis .dark .img-caption,\n.acc-offer.acc-thesis .image-dark .img-caption {\n  color: rgba(255, 255, 255, 0.48);\n  border-color: rgba(255, 255, 255, 0.12);\n}\n\n\/* Graphic stage *\/\n.acc-offer.acc-thesis .graphic-stage { position: relative; }\n.acc-offer.acc-thesis .graphic-stage .img-card { margin-top: 0; z-index: 2; }\n.acc-offer.acc-thesis .graphic-stage.wide { margin-top: 34px; }\n.acc-offer.acc-thesis .graphic-stage.wide .img-card { max-width: 1180px; margin: 0 auto; }\n.acc-offer.acc-thesis .image-stack::before {\n  inset: 14px -12px -14px 32px;\n  background: rgba(10, 10, 10, 0.055);\n  z-index: -2;\n}\n.acc-offer.acc-thesis .image-stack::after {\n  inset: -10px 18px 18px -10px;\n  border: 1px solid rgba(10, 10, 10, 0.08);\n  z-index: -1;\n}\n.acc-offer.acc-thesis .dark .image-stack::before,\n.acc-offer.acc-thesis .image-dark.image-stack::before { background: rgba(255, 255, 255, 0.08); }\n.acc-offer.acc-thesis .dark .image-stack::after,\n.acc-offer.acc-thesis .image-dark.image-stack::after  { border-color: rgba(255, 255, 255, 0.12); }\n.acc-offer.acc-thesis .graphic-chip {\n  position: absolute;\n  z-index: 3;\n  max-width: 270px;\n  padding: 14px 17px;\n  background: rgba(255, 255, 255, 0.96);\n  color: var(--text);\n  font-size: 13px;\n  line-height: 1.45;\n  font-weight: 850;\n  border-radius: var(--radius-md);\n  border: 1px solid rgba(10, 10, 10, 0.06);\n  box-shadow: 0 18px 42px rgba(0, 0, 0, 0.11);\n}\n.acc-offer.acc-thesis .dark .graphic-chip { background: rgba(255, 255, 255, 0.94); }\n.acc-offer.acc-thesis .chip-right  { right: -20px; bottom: 42px; }\n.acc-offer.acc-thesis .chip-left   { left: -18px;  bottom: 36px; }\n.acc-offer.acc-thesis .chip-top    { right: 24px;  top: -18px; }\n.acc-offer.acc-thesis .chip-bottom { right: 26px;  bottom: -18px; }\n.acc-offer.acc-thesis .cdem-float    { transform: translateY(26px); }\n.acc-offer.acc-thesis .arch-overlap  { transform: translateY(22px); }\n.acc-offer.acc-thesis .outputs-float { transform: translateY(-6px); }\n.acc-offer.acc-thesis .workflow-stage { margin-top: 34px; }\n\n\/* Proof strip *\/\n.acc-offer.acc-thesis .proof-strip.compact {\n  display: grid;\n  grid-template-columns: repeat(3, 1fr);\n  gap: 1px;\n  background: var(--border);\n  border: 1px solid var(--border);\n  border-radius: var(--radius-lg);\n  overflow: hidden;\n  margin-top: 28px;\n}\n.acc-offer.acc-thesis .proof-item { background: var(--white); padding: 18px 16px; }\n.acc-offer.acc-thesis .proof-item strong {\n  display: block;\n  color: var(--black);\n  font-size: 12px;\n  text-transform: uppercase;\n  letter-spacing: 0.05em;\n  margin-bottom: 7px;\n}\n.acc-offer.acc-thesis .proof-item span {\n  display: block;\n  color: var(--muted);\n  font-size: 13px;\n  line-height: 1.45;\n}\n\n\/* Mini architecture grid *\/\n.acc-offer.acc-thesis .mini-architecture-grid {\n  display: grid;\n  grid-template-columns: 1fr 1fr;\n  gap: 14px;\n  margin-top: 28px;\n}\n.acc-offer.acc-thesis .mini-architecture-grid div {\n  border-top: 1px solid rgba(255, 255, 255, 0.14);\n  padding-top: 17px;\n}\n.acc-offer.acc-thesis .mini-architecture-grid strong {\n  display: block;\n  color: var(--white);\n  font-size: 14px;\n  line-height: 1.2;\n  margin-bottom: 8px;\n}\n.acc-offer.acc-thesis .mini-architecture-grid span {\n  display: block;\n  color: rgba(255, 255, 255, 0.58);\n  font-size: 13px;\n  line-height: 1.45;\n}\n\n\/* Process note grid *\/\n.acc-offer.acc-thesis .process-note-grid {\n  display: grid;\n  grid-template-columns: repeat(3, 1fr);\n  gap: 1px;\n  background: var(--border);\n  border: 1px solid var(--border);\n  border-radius: var(--radius-lg);\n  overflow: hidden;\n  margin-top: 36px;\n}\n.acc-offer.acc-thesis .process-note-grid > div { background: var(--white); padding: 28px 24px 26px; }\n.acc-offer.acc-thesis .process-note-grid span {\n  display: inline-flex;\n  width: 34px;\n  height: 34px;\n  align-items: center;\n  justify-content: center;\n  border-radius: 50%;\n  background: rgba(227, 6, 19, 0.1);\n  color: var(--red);\n  font-weight: 900;\n  font-size: 13px;\n  margin-bottom: 14px;\n}\n\n\/* Thesis bridge *\/\n.acc-offer.acc-thesis .thesis-bridge {\n  position: relative;\n  background: linear-gradient(180deg,\n    var(--white) 0%, var(--white) 28%,\n    var(--dark) 28%, var(--dark) 78%,\n    var(--light) 78%, var(--light) 100%);\n  padding: 0;\n  overflow: visible;\n}\n.acc-offer.acc-thesis .bridge-panel {\n  min-height: 360px;\n  padding: 54px;\n  overflow: visible;\n}\n.acc-offer.acc-thesis .bridge-panel::after {\n  background: radial-gradient(circle, rgba(227, 6, 19, 0.2), rgba(227, 6, 19, 0) 68%);\n}\n.acc-offer.acc-thesis .bridge-kicker { font-weight: 900; letter-spacing: 0.06em; margin-bottom: 14px; }\n.acc-offer.acc-thesis .bridge-copy h3 {\n  font-size: clamp(34px, 4vw, 56px);\n  line-height: 1;\n  margin-bottom: 18px;\n}\n.acc-offer.acc-thesis .bridge-copy p { color: rgba(255, 255, 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.primary-menu-container,\n#main-header .menu,\n#main-header .menu-item,\n#main-header .sub-menu{\n  overflow: visible !important;\n}\n\n#main-header .sub-menu,\n#main-header .kadence-nav-submenu,\n#main-header .header-navigation .children{\n  z-index: 12100 !important;\n}\n\n\n\/* KEEP THE PAGE SUBMENU STICKY UNDER THE TOP HEADER *\/\n.acc-offer.acc-thesis .program-nav{\n  position: sticky;\n  top: 72px !important;\n  z-index: 9990;\n}\n\n.acc-offer.acc-thesis .section{\n  scroll-margin-top: 150px !important;\n}\n\n\/* DESKTOP HEADER HEIGHT *\/\n@media (min-width: 901px){\n  .acc-offer.acc-thesis .program-nav{\n    top: 84px !important;\n  }\n\n  .acc-offer.acc-thesis .section{\n    scroll-margin-top: 176px !important;\n  }\n}\n<\/style>\n\n<div class=\"acc-offer acc-thesis\" id=\"top\">\n\n  <section class=\"hero\">\n    <div class=\"wrap\">\n      <div class=\"hero-inner\">\n        <div class=\"hero-text\">\n          <div class=\"eyebrow\">Fund Design Advisory<\/div>\n          <h1 class=\"translation-block\">New fund theses.<br><span>New capital structures.<\/span><\/h1>\n          <p class=\"hero-copy\">We help impact funds develop an investment thesis around digital transformation, and design the equity, debt, or blended structures to deploy it.<\/p>\n          <div class=\"hero-actions\">\n            <a class=\"btn\" href=\"\/contact\/?subject=Fund+Thesis+Development&#038;message=I+would+like+to+discuss+how+Accendo+can+support+our+fund+thesis+development.+Please+get+in+touch.\">Discuss the thesis \u2192<\/a>\n            <a class=\"btn btn-outline\" href=\"#engage\">See the approach<\/a>\n          <\/div>\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/section>\n\n  <nav class=\"program-nav\" aria-label=\"Page navigation\">\n    <div class=\"wrap program-nav-inner\">\n      <div class=\"program-brand\">Fund design<\/div>\n      <div class=\"program-links\">\n        <a href=\"#why\" class=\"is-active\">Why it matters<\/a>\n        <a href=\"#cdem\">CDEM<\/a>\n        <a href=\"#instruments\">Capital structure<\/a>\n        <a href=\"#engage\">Engagement<\/a>\n        <a href=\"#outputs\">Outputs<\/a>\n      <\/div>\n    <\/div>\n  <\/nav>\n\n  <section class=\"section\" id=\"why\">\n    <div class=\"wrap\">\n      <div class=\"section-head\">\n        <div class=\"section-label\">Why it matters<\/div>\n        <div class=\"section-line\"><\/div>\n      <\/div>\n      <h2 class=\"section-title\">Digital transformation has changed what impact looks like. Most fund theses and structures have not.<\/h2>\n      <p class=\"section-subtitle narrow\">AI, digital payments, and data infrastructure are reshaping MSME finance, climate adaptation, and agri- finance. A fund thesis that does not account for these (r)evolutionary trends can miss both the opportunity and the risk in its target markets.<\/p>\n\n      <div class=\"thesis-card-grid four\">\n        <div class=\"thesis-card\">\n          <div class=\"card-num\">01<\/div>\n          <h3>Digital thesis<\/h3>\n          <p>What does digital transformation make possible in fund&#8217;s target markets, and how does that change the investment opportunity?<\/p>\n        <\/div>\n        <div class=\"thesis-card\">\n          <div class=\"card-num\">02<\/div>\n          <h3>Market context<\/h3>\n          <p>What are the target country&#8217;s digital infrastructure, regulatory conditions, and financing environment for the thesis to work?<\/p>\n        <\/div>\n        <div class=\"thesis-card\">\n          <div class=\"card-num\">03<\/div>\n          <h3>Manager edge<\/h3>\n          <p>Why is this team positioned to underwrite this thesis, and what do they see that others do not?<\/p>\n        <\/div>\n        <div class=\"thesis-card\">\n          <div class=\"card-num\">04<\/div>\n          <h3>Capital structure<\/h3>\n          <p>Which equity, debt, or blended structure fits the thesis, the markets, and the stage of the fund?<\/p>\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/section>\n\n  <section class=\"section light section-cdem\" id=\"cdem\">\n    <div class=\"wrap\">\n      <div class=\"visual-split img-right\">\n        <div class=\"split-copy\">\n          <div class=\"section-head\">\n            <div class=\"section-label\">One of the tools we use<\/div>\n            <div class=\"section-line\"><\/div>\n          <\/div>\n          <h2 class=\"section-title translation-block\">Country contexts shape <span>the digital thesis.<\/span><\/h2>\n          <p>CDEM, the Country Digital Enabling Matrix, provides a structured view of market readiness across digital ID, payments, data governance, open finance, regulation, and connectivity. It tells the fund where the digital thesis can work today, where it needs more time, and where structural constraints require a different approach or additional support.<\/p>\n          <div class=\"proof-strip compact\">\n            <div class=\"proof-item\"><strong>Thesis testing<\/strong><span>Where does the digital opportunity exist today, and where is it still emerging?<\/span><\/div>\n            <div class=\"proof-item\"><strong>Market selection<\/strong><span>Which markets have the conditions for the thesis to perform within the fund&#8217;s horizon?<\/span><\/div>\n            <div class=\"proof-item\"><strong>Support needs<\/strong><span>Where will portfolio companies need more time, TA, or infrastructure investment to execute?<\/span><\/div>\n          <\/div>\n        <\/div>\n        <div class=\"split-img cdem-float\">\n          <div class=\"graphic-stage\">\n            <div class=\"img-card image-stack\">\n              <img decoding=\"async\" src=\"\/wp-content\/uploads\/2026\/06\/accendo_CDEM.png\" alt=\"CDEM country digital enablement tiers extended with financing environment layer\" loading=\"lazy\">\n              <div class=\"img-caption\">Country readiness and financing environment together determine whether a fund thesis is viable, not just attractive.<\/div>\n            <\/div>\n            <div class=\"graphic-chip chip-left\">Company capability is not country readiness.<\/div>\n          <\/div>\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/section>\n\n  <section class=\"section dark\" id=\"instruments\">\n    <div class=\"wrap\">\n      <div class=\"visual-split img-left\">\n        <div class=\"split-img arch-overlap\">\n          <div class=\"graphic-stage dark\">\n            <div class=\"img-card image-stack\">\n              <img decoding=\"async\" src=\"\/wp-content\/uploads\/2026\/06\/capital_thesis_architecture.webp\" alt=\"Fund design architecture linking thesis, capital structure, CDEM, instrument design, and LP narrative\" loading=\"lazy\">\n              <div class=\"img-caption\">A thesis has to show up in sourcing, underwriting, portfolio support, and reporting.<\/div>\n            <\/div>\n          <\/div>\n        <\/div>\n        <div class=\"split-copy\">\n          <div class=\"section-head\">\n            <div class=\"section-label\">Capital structure design<\/div>\n            <div class=\"section-line\"><\/div>\n          <\/div>\n          <h2 class=\"section-title translation-block\">The right <span>capital structure <\/span>will help accelerate impact and returns.<\/h2>\n          <p class=\"section-lead\">Equity, debt, and blended structures each carry different assumptions about risk, return, and the role of the fund in its portfolio. Accendo helps funds choose and design the structure that fits their thesis and their markets, not the one that is most familiar.<\/p>\n        <\/div>\n      <\/div>\n\n <div class=\"deliverable-grid instruments-grid\">\n  <div class=\"deliverable-card\">\n    <h3>Private equity structures<\/h3>\n    <p>For funds taking ownership stakes in digitally-enabled FSPs and fintechs. Thesis design covers sector selection, value creation logic, hold period assumptions, and exit pathways in emerging market contexts.<\/p>\n  <\/div>\n  <div class=\"deliverable-card\">\n    <h3>Private credit facilities<\/h3>\n    <p>For funds providing debt to FSPs, MFIs, and digital lenders. Thesis design covers underwriting criteria, portfolio construction, risk-adjusted return expectations, and covenants linked to digital performance.<\/p>\n  <\/div>\n  <div class=\"deliverable-card\">\n    <h3>Blended finance vehicles<\/h3>\n    <p>For funds combining concessional and commercial capital to reach underserved markets or borrower segments. Structure design covers first-loss layers, performance-based incentives, TA windows, and staged concessionality.<\/p>\n  <\/div>\n  <div class=\"deliverable-card\">\n    <h3>Hybrid and multi-tranche structures<\/h3>\n    <p>For funds that need to serve different investor risk appetites within one vehicle. Structure design covers tranche architecture, waterfall logic, and how to maintain a coherent thesis across capital layers.<\/p>\n  <\/div>\n<\/div>\n    <\/div>\n  <\/section>\n\n  <section class=\"section light\" id=\"engage\">\n\n    <div class=\"wrap\">\n      <div class=\"section-head\">\n        <div class=\"section-label\">How to engage<\/div>\n        <div class=\"section-line\"><\/div>\n      <\/div>\n      <h2 class=\"section-title\">Three ways to work with us<\/h2>\n      <p class=\"section-subtitle narrow\">Our mantra is &#8220;Speed to Impact&#8221;. We take a sprint based approach to support you at the highest possible speed.<\/p>\n      <div class=\"modes-strip\">\n        <div class=\"mode-tile\">\n          <span class=\"mode-tag\">Mode 01<\/span>\n          <h3>Thesis sprint<\/h3>\n          <div class=\"mode-duration\">4 to 6 weeks<\/div>\n          <p>Develop the digital transformation thesis for the fund&#8217;s target markets, test the investment logic, and produce a concise thesis note for internal alignment or early LP conversations.<\/p>\n          <div class=\"mode-best\">Best for funds that have a direction but need a sharper thesis before the raise.<\/div>\n        <\/div>\n        <div class=\"mode-tile featured\">\n          <span class=\"mode-tag\">Mode 02<\/span>\n          <h3>Fund design workstream<\/h3>\n          <div class=\"mode-duration\">12 to 14 weeks<\/div>\n          <p>Build the full thesis, CDEM market view, investment filters, value creation logic, impact framework, and if needed capital structure design with instrument-level detail.<\/p>\n          <div class=\"mode-best\">Best for moving from concept to fundraise preparation.<\/div>\n        <\/div>\n        <div class=\"mode-tile\">\n          <span class=\"mode-tag\">Mode 03<\/span>\n          <h3>Raise-ready architecture<\/h3>\n          <div class=\"mode-duration\">16 to 26 weeks<\/div>\n          <p>Full thesis, capital structure, LP narrative, DFI\/LP engagement strategy, and decision tools for origination, IC, and portfolio monitoring. <\/p>\n          <div class=\"mode-best\">Best for new vehicles, successor funds, or mandate expansions.<\/div>\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/section>\n\n  <section class=\"section\" id=\"outputs\">\n    <div class=\"wrap\">\n      <div class=\"output-intro\">\n        <div>\n          <div class=\"section-head\">\n            <div class=\"section-label\">What the fund receives<\/div>\n            <div class=\"section-line\"><\/div>\n          <\/div>\n          <h2 class=\"section-title translation-block\">Useful outputs.<br><span>Not long reports.<\/span><\/h2>\n          <p class=\"section-subtitle\">Pragmatic deliverables built to be used in LP conversations, IC papers, and portfolio decisions.<\/p>\n        <\/div>\n        <div class=\"split-img outputs-float\">\n          <div class=\"graphic-stage\">\n            <div class=\"img-card image-stack\">\n              <img decoding=\"async\" src=\"\/wp-content\/uploads\/2026\/06\/accendo_investment_thesis_output.webp\" alt=\"Fund design advisory outputs: thesis, market map, CDEM view, capital structure design, impact framework, and LP materials\" loading=\"lazy\">\n              <div class=\"img-caption\">Outputs are built for use: digital thesis, CDEM view, capital structure design, and raise-ready materials.<\/div>\n            <\/div>\n          <\/div>\n        <\/div>\n      <\/div>\n      <div class=\"deliverable-grid\">\n        <div class=\"deliverable-card\"><div class=\"deliverable-num\">01<\/div><h3>Digital investment thesis<\/h3><p>The digital transformation opportunity in the fund&#8217;s markets, the investment logic, manager edge, and what the fund will not do.<\/p><\/div>\n        <div class=\"deliverable-card\"><div class=\"deliverable-num\">02<\/div><h3>Market and CDEM view<\/h3><p>Country readiness across digital infrastructure, regulation, and financing environment, with clear market selection logic.<\/p><\/div>\n        <div class=\"deliverable-card\"><div class=\"deliverable-num\">03<\/div><h3>Capital structure design<\/h3><p>Equity, debt, or blended structure fitted to the thesis with instrument options, stage logic, and tranche architecture where needed.<\/p><\/div>\n        <div class=\"deliverable-card\"><div class=\"deliverable-num\">04<\/div><h3>Raise-ready materials<\/h3><p>Impact framework, IC language, and LP narrative built on and into the thesis.<\/p><\/div>\n      <\/div>\n    <\/div>\n  <\/section>\n\n<\/div><!-- .acc-offer.acc-thesis -->\n\n<script>\n(function () {\n  var root = document.querySelector('.acc-offer.acc-thesis');\n  if (!root) return;\n  var navLinks = root.querySelectorAll('.program-links a[href^=\"#\"]');\n  var sections = Array.from(navLinks).map(function(l){ return root.querySelector(l.getAttribute('href')); }).filter(Boolean);\n  navLinks.forEach(function(link) {\n    link.addEventListener('click', function(e) {\n      var target = root.querySelector(this.getAttribute('href'));\n      if (!target) return;\n      e.preventDefault();\n      var nav = root.querySelector('.program-nav');\n      var navH = nav ? 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