Themes are macro-level investment focus areas that describe a company's or fund's primary strategic domain, independent of traditional industry classifications. Examples include Fintech, Climate Tech, Digital Health, EdTech, Future of Work, Sustainability, and Deep Tech. A company may sit in the 'Technology' industry but be thematically classified as Fintech if its primary business is financial services enabled by technology.
On Alternatives.pe, Themes provide a forward-looking lens for filtering deals and identifying investors with specific strategic interests. Themes are particularly useful for cross-sector companies that don't fit neatly into a single industry bucket, and for identifying convergence opportunities where multiple themes intersect (e.g. a company that is both Fintech and Sustainability-focused).