/* =========================================================
   Pemberton Ventures — Main Stylesheet
   British institutional editorial — FT/Economist register
   ========================================================= */

/* --- Custom Properties --- */
:root {
  --brand-primary: #111827;
  --accent-decorative: #1B4B5A;
  --accent-aa-on-light: #1B4B5A;
  --accent-aa-on-dark: #6FC3D4;
  --fg-light-primary: #111827;
  --fg-light-secondary: #475569;
  --fg-light-tertiary: #64748B;
  --fg-dark-primary: #F5F1EB;
  --fg-dark-secondary: #9CA3AF;
  --bg-light: #F5F1EB;
  --bg-white: #FFFFFF;
  --bg-dark: #111827;
  --bg-dark-alt: #1a2535;
  --bg-cream-alt: #EDE8E0;
  --border-light: #D8D2C8;
  --border-dark: #2D3A4A;

  --font-serif: 'EB Garamond', Georgia, serif;
  --font-sans: 'DM Sans', system-ui, -apple-system, sans-serif;
  --font-mono: 'JetBrains Mono', 'Courier New', monospace;

  --max-w: 1200px;
  --max-w-content: 960px;
  --max-w-article: 720px;
  --gutter: clamp(1rem, 4vw, 2.5rem);

  --nav-h: 72px;
  --transition-base: 0.2s ease;
}

/* --- Reset & Base --- */
*, *::before, *::after {
  box-sizing: border-box;
  margin: 0;
  padding: 0;
}

html {
  scroll-behavior: smooth;
  font-size: 16px;
}

body {
  font-family: var(--font-sans);
  font-weight: 400;
  font-size: 1rem;
  line-height: 1.7;
  color: var(--fg-light-primary);
  background-color: var(--bg-light);
  -webkit-font-smoothing: antialiased;
  -moz-osx-font-smoothing: grayscale;
}

img {
  max-width: 100%;
  height: auto;
  display: block;
}

a {
  color: var(--accent-aa-on-light);
  text-decoration: none;
  transition: color var(--transition-base);
}

a:hover {
  color: var(--brand-primary);
}

ul, ol {
  list-style: none;
}

/* --- Typography --- */
h1, h2, h3, h4 {
  font-family: var(--font-serif);
  font-weight: 500;
  line-height: 1.1;
  color: var(--fg-light-primary);
}

h1 {
  font-size: clamp(2rem, 4vw, 3.5rem);
}

h2 {
  font-size: clamp(1.5rem, 2.5vw, 2.25rem);
  font-weight: 400;
}

h3 {
  font-family: var(--font-sans);
  font-size: 1.25rem;
  font-weight: 600;
  line-height: 1.3;
}

.pvc-display {
  font-family: var(--font-serif);
  font-size: clamp(3rem, 6vw, 5.5rem);
  font-weight: 500;
  line-height: 1.05;
  letter-spacing: -0.02em;
  color: var(--fg-light-primary);
}

.pvc-mono {
  font-family: var(--font-mono);
  font-weight: 400;
}

p {
  margin-bottom: 1em;
  line-height: 1.7;
}

p:last-child {
  margin-bottom: 0;
}

address {
  font-style: normal;
  line-height: 1.8;
}

/* --- Layout Utilities --- */
.pvc-container {
  max-width: var(--max-w);
  margin: 0 auto;
  padding-left: var(--gutter);
  padding-right: var(--gutter);
}

.pvc-container--content {
  max-width: var(--max-w-content);
  margin: 0 auto;
  padding-left: var(--gutter);
  padding-right: var(--gutter);
}

.pvc-container--article {
  max-width: var(--max-w-article);
  margin: 0 auto;
  padding-inline: clamp(1rem, 4vw, 2.5rem);
}

/* --- Navigation --- */
.pvc-nav {
  position: fixed;
  top: 0;
  left: 0;
  right: 0;
  z-index: 1000;
  height: var(--nav-h);
  display: flex;
  align-items: center;
  transition: background-color 0.3s ease, border-color 0.3s ease;
  border-bottom: 1px solid transparent;
}

.pvc-nav--light-top {
  background-color: transparent;
}

.pvc-nav--scrolled {
  background-color: var(--bg-light);
  border-bottom-color: var(--border-light);
}

.pvc-nav__inner {
  max-width: var(--max-w);
  width: 100%;
  margin: 0 auto;
  padding: 0 var(--gutter);
  display: flex;
  align-items: center;
  justify-content: space-between;
  gap: 2rem;
}

.pvc-nav__logo a {
  display: flex;
  align-items: center;
  text-decoration: none;
}

.pvc-nav__logo img {
  height: 36px;
  width: auto;
}

.pvc-nav__links {
  display: flex;
  align-items: center;
  gap: 2rem;
  list-style: none;
}

.pvc-nav__links a {
  font-family: var(--font-sans);
  font-size: 0.9375rem;
  font-weight: 500;
  color: var(--fg-light-primary);
  text-decoration: none;
  letter-spacing: 0.01em;
  transition: color var(--transition-base);
}

.pvc-nav__links a:hover {
  color: var(--accent-aa-on-light);
}

.pvc-nav__cta {
  font-family: var(--font-sans);
  font-size: 0.875rem;
  font-weight: 500;
  padding: 0.5rem 1.125rem;
  border: 1.5px solid var(--fg-light-primary);
  color: var(--fg-light-primary);
  text-decoration: none;
  transition: background-color var(--transition-base), color var(--transition-base);
  white-space: nowrap;
}

.pvc-nav__cta:hover {
  background-color: var(--fg-light-primary);
  color: var(--bg-light);
}

.pvc-nav__hamburger {
  display: none;
  flex-direction: column;
  gap: 5px;
  background: none;
  border: none;
  cursor: pointer;
  padding: 4px;
  color: var(--fg-light-primary);
}

.pvc-nav__hamburger span {
  display: block;
  width: 24px;
  height: 2px;
  background-color: currentColor;
  transition: transform 0.2s ease, opacity 0.2s ease;
}

/* Hamburger open state */
.pvc-nav__hamburger[aria-expanded="true"] span:nth-child(1) {
  transform: translateY(7px) rotate(45deg);
}
.pvc-nav__hamburger[aria-expanded="true"] span:nth-child(2) {
  opacity: 0;
}
.pvc-nav__hamburger[aria-expanded="true"] span:nth-child(3) {
  transform: translateY(-7px) rotate(-45deg);
}

/* Mobile nav */
.pvc-nav__mobile {
  display: none;
  position: fixed;
  top: var(--nav-h);
  left: 0;
  right: 0;
  background-color: var(--bg-light);
  border-bottom: 1px solid var(--border-light);
  padding: 1.5rem var(--gutter) 2rem;
  z-index: 999;
}

.pvc-nav__mobile.is-open {
  display: block;
}

.pvc-nav__mobile-links {
  list-style: none;
  display: flex;
  flex-direction: column;
  gap: 1.25rem;
  margin-bottom: 1.5rem;
}

.pvc-nav__mobile-links a {
  font-family: var(--font-sans);
  font-size: 1.125rem;
  font-weight: 500;
  color: var(--fg-light-primary);
  text-decoration: none;
  display: block;
}

.pvc-nav__mobile-links a:hover {
  color: var(--accent-aa-on-light);
}

.pvc-nav__mobile-cta {
  display: inline-block;
  font-family: var(--font-sans);
  font-size: 0.9375rem;
  font-weight: 500;
  padding: 0.625rem 1.5rem;
  border: 1.5px solid var(--fg-light-primary);
  color: var(--fg-light-primary);
  text-decoration: none;
}

/* --- Buttons --- */
.btn {
  display: inline-flex;
  align-items: center;
  gap: 0.5rem;
  font-family: var(--font-sans);
  font-size: 0.9375rem;
  font-weight: 500;
  text-decoration: none;
  padding: 0.75rem 1.75rem;
  border: 1.5px solid transparent;
  cursor: pointer;
  transition: background-color var(--transition-base), color var(--transition-base), border-color var(--transition-base);
  letter-spacing: 0.01em;
  line-height: 1;
}

.btn--primary {
  background-color: var(--accent-aa-on-dark);
  color: var(--bg-dark);
  border-color: var(--accent-aa-on-dark);
}

.btn--primary:hover {
  background-color: #5ab3c6;
  border-color: #5ab3c6;
  color: var(--bg-dark);
}

.btn--outline-dark {
  background-color: transparent;
  color: var(--fg-light-primary);
  border-color: var(--fg-light-primary);
}

.btn--outline-dark:hover {
  background-color: var(--fg-light-primary);
  color: var(--bg-light);
}

.btn--outline-light {
  background-color: transparent;
  color: var(--fg-dark-primary);
  border-color: var(--fg-dark-primary);
}

.btn--outline-light:hover {
  background-color: var(--fg-dark-primary);
  color: var(--bg-dark);
}

.btn--ghost-on-light {
  background-color: transparent;
  color: var(--fg-light-primary);
  border-color: transparent;
  padding-left: 0;
  padding-right: 0;
}

.btn--ghost-on-light:hover {
  color: var(--accent-aa-on-light);
}

/* --- Hero — Index Centered Conviction --- */
.pvc-hero {
  position: relative;
  min-height: 100vh;
  display: flex;
  align-items: center;
  justify-content: center;
  background-color: var(--bg-light);
  overflow: hidden;
  padding: calc(var(--nav-h) + 4rem) var(--gutter) 6rem;
}

.pvc-hero__bg-wash {
  position: absolute;
  top: 0;
  right: 0;
  width: 50%;
  height: 100%;
  opacity: 0.08;
  pointer-events: none;
  z-index: 0;
}

.pvc-hero__bg-wash img {
  width: 100%;
  height: 100%;
  object-fit: cover;
  object-position: center;
}

.pvc-hero__content {
  position: relative;
  z-index: 1;
  text-align: center;
  max-width: 860px;
  margin: 0 auto;
}

.pvc-hero__eyebrow {
  font-family: var(--font-sans);
  font-size: 0.8125rem;
  font-weight: 400;
  letter-spacing: 0.14em;
  text-transform: uppercase;
  color: var(--accent-aa-on-light);
  margin-bottom: 1.5rem;
}

.pvc-hero__headline {
  font-family: var(--font-serif);
  font-size: clamp(3rem, 6vw, 5.5rem);
  font-weight: 500;
  line-height: 1.05;
  letter-spacing: -0.02em;
  color: var(--fg-light-primary);
  margin-bottom: 1.5rem;
}

.pvc-hero__rule {
  width: 48px;
  height: 0.5px;
  background-color: var(--accent-decorative);
  margin: 0 auto 2rem;
}

.pvc-hero__subtext {
  font-family: var(--font-sans);
  font-size: 1.125rem;
  font-weight: 400;
  line-height: 1.75;
  color: var(--fg-light-secondary);
  max-width: 640px;
  margin: 0 auto 2.5rem;
}

.pvc-hero__actions {
  display: flex;
  gap: 1rem;
  justify-content: center;
  flex-wrap: wrap;
}

/* --- Sub-page Hero (editorial header) --- */
.pvc-page-hero {
  padding: calc(var(--nav-h) + 5rem) var(--gutter) 4rem;
  background-color: var(--bg-light);
  position: relative;
  overflow: hidden;
}

.pvc-page-hero__inner {
  max-width: var(--max-w-content);
  margin: 0 auto;
}

.pvc-page-hero__label {
  font-family: var(--font-sans);
  font-size: 0.8125rem;
  font-weight: 400;
  letter-spacing: 0.14em;
  text-transform: uppercase;
  color: var(--accent-aa-on-light);
  margin-bottom: 1rem;
}

.pvc-page-hero h1 {
  font-family: var(--font-serif);
  font-size: clamp(2rem, 4vw, 3.5rem);
  font-weight: 500;
  color: var(--fg-light-primary);
  margin-bottom: 1.25rem;
}

.pvc-page-hero__sub {
  font-family: var(--font-sans);
  font-size: 1.125rem;
  line-height: 1.75;
  color: var(--fg-light-secondary);
  max-width: 620px;
}

.pvc-page-hero__ornament {
  position: absolute;
  right: var(--gutter);
  top: calc(var(--nav-h) + 3rem);
  display: flex;
  align-items: center;
  gap: 1rem;
  opacity: 0.12;
  pointer-events: none;
}

.pvc-page-hero__ornament-line {
  width: 2px;
  height: 120px;
  background-color: var(--accent-decorative);
}

.pvc-page-hero__ornament-grid {
  display: grid;
  grid-template-columns: repeat(4, 8px);
  grid-template-rows: repeat(4, 8px);
  gap: 6px;
}

.pvc-page-hero__ornament-dot {
  width: 8px;
  height: 8px;
  border: 1.5px solid var(--accent-decorative);
}

/* --- Section Base --- */
.pvc-section {
  padding: 5rem 0;
}

.pvc-section--bg-white {
  background-color: var(--bg-white);
}

.pvc-section--bg-light {
  background-color: var(--bg-light);
}

.pvc-section--bg-cream {
  background-color: var(--bg-cream-alt);
}

.pvc-section--bg-dark {
  background-color: var(--bg-dark);
}

.pvc-section__header {
  margin-bottom: 3rem;
}

.pvc-section__label {
  font-family: var(--font-sans);
  font-size: 0.8125rem;
  font-weight: 400;
  letter-spacing: 0.14em;
  text-transform: uppercase;
  color: var(--accent-aa-on-light);
  margin-bottom: 0.75rem;
  display: block;
}

.pvc-section--bg-dark .pvc-section__label {
  color: var(--accent-aa-on-dark);
}

.pvc-section__title {
  font-family: var(--font-serif);
  font-size: clamp(1.5rem, 2.5vw, 2.25rem);
  font-weight: 400;
  color: var(--fg-light-primary);
  margin-bottom: 0.5rem;
}

.pvc-section--bg-dark .pvc-section__title {
  color: var(--fg-dark-primary);
}

.pvc-section__desc {
  font-size: 1.0625rem;
  color: var(--fg-light-secondary);
  max-width: 560px;
  line-height: 1.7;
}

.pvc-section--bg-dark .pvc-section__desc {
  color: var(--fg-dark-secondary);
}

/* --- Thesis Pillars (3-col grid) --- */
.pvc-pillars {
  display: grid;
  grid-template-columns: repeat(3, 1fr);
  gap: 0;
}

.pvc-pillar {
  padding: 2.5rem;
  border-right: 1px solid var(--border-light);
}

.pvc-pillar:last-child {
  border-right: none;
}

.pvc-pillar__num {
  font-family: var(--font-serif);
  font-size: 5rem;
  font-weight: 400;
  font-style: italic;
  color: var(--accent-decorative);
  line-height: 1;
  margin-bottom: 1.5rem;
  display: block;
}

.pvc-pillar__heading {
  font-family: var(--font-serif);
  font-size: 1.375rem;
  font-weight: 500;
  color: var(--fg-light-primary);
  margin-bottom: 1rem;
}

.pvc-pillar__body {
  font-size: 0.9375rem;
  color: var(--fg-light-secondary);
  line-height: 1.75;
}

/* --- Portfolio Grid --- */
.pvc-portfolio-grid {
  display: grid;
  grid-template-columns: repeat(4, 1fr);
  gap: 1.25rem;
}

.pvc-portfolio-card {
  background-color: var(--bg-white);
  border: 1px solid var(--border-light);
  padding: 1.75rem 1.5rem;
  display: flex;
  flex-direction: column;
  gap: 0.75rem;
  text-decoration: none;
  color: inherit;
  transition: border-color var(--transition-base), box-shadow var(--transition-base), transform var(--transition-base);
  position: relative;
  overflow: hidden;
}

.pvc-portfolio-card::before {
  content: '';
  position: absolute;
  top: 0;
  left: 0;
  right: 0;
  height: 2px;
  background-color: var(--accent-decorative);
  transform: scaleX(0);
  transform-origin: left;
  transition: transform 0.25s ease;
}

.pvc-portfolio-card:hover {
  border-color: var(--accent-decorative);
  box-shadow: 0 4px 16px rgba(17,24,39,0.08);
  transform: translateY(-2px);
}

.pvc-portfolio-card:hover::before {
  transform: scaleX(1);
}

.pvc-portfolio-card__logo {
  height: 56px;
  display: flex;
  align-items: center;
  justify-content: center;
  margin-bottom: 0.5rem;
}

.pvc-portfolio-card__lettermark {
  width: 56px;
  height: 56px;
  border-radius: 50%;
  background-color: var(--bg-cream-alt);
  border: 1.5px solid var(--accent-decorative);
  display: flex;
  align-items: center;
  justify-content: center;
  font-family: var(--font-serif);
  font-size: 1.5rem;
  font-weight: 500;
  color: var(--fg-light-primary);
  text-transform: uppercase;
  flex-shrink: 0;
}

.pvc-portfolio-card__logo-img {
  width: 56px;
  height: 56px;
  border-radius: 8px;
  object-fit: contain;
  background-color: #fff;
  border: 1px solid rgba(0,0,0,0.07);
  display: block;
  flex-shrink: 0;
}

.pvc-portfolio-card__logo-img.pvc-logo-hidden {
  display: none;
}

.pvc-portfolio-card__name {
  font-family: var(--font-sans);
  font-size: 1rem;
  font-weight: 600;
  color: var(--fg-light-primary);
  line-height: 1.2;
}

.pvc-portfolio-card__sector {
  font-family: var(--font-sans);
  font-size: 0.8125rem;
  font-weight: 400;
  color: var(--fg-light-secondary);
  line-height: 1.4;
  flex: 1;
}

.pvc-portfolio-card__badge {
  font-family: var(--font-mono);
  font-size: 0.75rem;
  color: var(--fg-light-tertiary);
  margin-top: auto;
}

.pvc-portfolio-card__arrow {
  position: absolute;
  bottom: 1rem;
  right: 1.25rem;
  color: var(--accent-aa-on-light);
  font-size: 1rem;
  opacity: 0;
  transition: opacity var(--transition-base);
}

.pvc-portfolio-card:hover .pvc-portfolio-card__arrow {
  opacity: 1;
}

/* --- Fund Stats Band --- */
.pvc-stats-band {
  display: grid;
  grid-template-columns: repeat(4, 1fr);
  gap: 0;
  padding: 3.5rem 0;
}

.pvc-stat {
  padding: 1.5rem 2rem;
  border-right: 1px solid var(--border-light);
  text-align: center;
}

.pvc-stat:last-child {
  border-right: none;
}

.pvc-stat__value {
  font-family: var(--font-mono);
  font-size: clamp(2rem, 3.5vw, 2.75rem);
  font-weight: 400;
  color: var(--fg-light-primary);
  line-height: 1;
  margin-bottom: 0.5rem;
  display: block;
}

.pvc-stat__label {
  font-family: var(--font-sans);
  font-size: 0.8125rem;
  font-weight: 400;
  letter-spacing: 0.08em;
  text-transform: uppercase;
  color: var(--fg-light-secondary);
}

/* --- Insights Cards --- */
.pvc-articles-grid {
  display: grid;
  grid-template-columns: repeat(3, 1fr);
  gap: 1.75rem;
}

.pvc-articles-grid--2col {
  grid-template-columns: repeat(2, 1fr);
}

.pvc-article-card {
  border-top: 2px solid var(--border-light);
  padding-top: 1.5rem;
  display: flex;
  flex-direction: column;
  gap: 0.5rem;
  transition: border-color var(--transition-base);
  text-decoration: none;
}

.pvc-article-card:hover {
  border-top-color: var(--accent-aa-on-light);
}

.pvc-article-card__meta {
  display: flex;
  align-items: center;
  gap: 0.75rem;
  flex-wrap: wrap;
}

.pvc-article-card__date {
  font-family: var(--font-mono);
  font-size: 0.8125rem;
  color: var(--fg-light-tertiary);
}

.pvc-article-card__category {
  font-family: var(--font-sans);
  font-size: 0.75rem;
  font-weight: 500;
  letter-spacing: 0.06em;
  text-transform: uppercase;
  color: var(--accent-aa-on-light);
  background-color: rgba(27,75,90,0.08);
  padding: 0.2rem 0.5rem;
}

.pvc-article-card__title {
  font-family: var(--font-serif);
  font-size: 1.25rem;
  font-weight: 500;
  color: var(--fg-light-primary);
  line-height: 1.3;
  margin-top: 0.25rem;
}

.pvc-article-card:hover .pvc-article-card__title {
  color: var(--accent-aa-on-light);
}

.pvc-article-card__author {
  font-family: var(--font-sans);
  font-size: 0.875rem;
  color: var(--fg-light-secondary);
}

.pvc-article-card__excerpt {
  font-family: var(--font-sans);
  font-size: 0.9375rem;
  color: var(--fg-light-secondary);
  line-height: 1.65;
  flex: 1;
}

.pvc-article-card__read-more {
  font-family: var(--font-sans);
  font-size: 0.875rem;
  font-weight: 500;
  color: var(--accent-aa-on-light);
  display: inline-flex;
  align-items: center;
  gap: 0.375rem;
  margin-top: 0.5rem;
}

/* --- Contact Dark Section --- */
.pvc-contact-section {
  padding: 6rem 0;
  background-color: var(--bg-dark);
  text-align: center;
}

.pvc-contact-section__eyebrow {
  font-family: var(--font-sans);
  font-size: 0.8125rem;
  letter-spacing: 0.14em;
  text-transform: uppercase;
  color: var(--accent-aa-on-dark);
  margin-bottom: 1.5rem;
  display: block;
}

.pvc-contact-section__headline {
  font-family: var(--font-serif);
  font-size: clamp(2rem, 4vw, 3.25rem);
  font-weight: 400;
  font-style: italic;
  color: var(--fg-dark-primary);
  margin-bottom: 1.5rem;
  line-height: 1.15;
}

.pvc-contact-section__body {
  font-size: 1.0625rem;
  color: var(--fg-dark-secondary);
  max-width: 520px;
  margin: 0 auto 2rem;
  line-height: 1.7;
}

.pvc-contact-section__body a {
  color: var(--accent-aa-on-dark);
}

.pvc-contact-section__body a:hover {
  color: var(--fg-dark-primary);
}

.pvc-contact-section__details {
  margin-top: 2.5rem;
  font-family: var(--font-sans);
  font-size: 0.9375rem;
  color: var(--fg-dark-secondary);
  line-height: 1.8;
}

.pvc-contact-section__details a {
  color: var(--fg-dark-secondary);
  text-decoration: none;
  transition: color var(--transition-base);
}

.pvc-contact-section__details a:hover {
  color: var(--fg-dark-primary);
}

/* --- Thesis Page --- */
.pvc-thesis-body {
  font-size: 1.0625rem;
  line-height: 1.8;
  color: var(--fg-light-primary);
}

.pvc-thesis-body p {
  margin-bottom: 1.5em;
}

.pvc-thesis-body p:last-child {
  margin-bottom: 0;
}

.pvc-criteria-grid {
  display: grid;
  grid-template-columns: repeat(2, 1fr);
  gap: 2.5rem 3rem;
}

.pvc-criterion {
  display: block;
}

.pvc-criterion__num {
  font-family: var(--font-mono);
  font-size: 0.8125rem;
  color: var(--accent-aa-on-light);
  margin-bottom: 0.75rem;
  display: block;
  letter-spacing: 0.06em;
}

.pvc-criterion__heading {
  font-family: var(--font-serif);
  font-size: 1.25rem;
  font-weight: 500;
  color: var(--fg-light-primary);
  margin-bottom: 0.75rem;
}

.pvc-criterion__body {
  font-size: 0.9375rem;
  color: var(--fg-light-secondary);
  line-height: 1.75;
}

.pvc-stage-block {
  display: flex;
  align-items: flex-start;
  gap: 3rem;
  padding: 3rem;
  background-color: var(--bg-cream-alt);
  margin-top: 2rem;
}

.pvc-stage-block__stat {
  text-align: center;
  flex-shrink: 0;
}

.pvc-stage-block__range {
  font-family: var(--font-mono);
  font-size: 2rem;
  font-weight: 400;
  color: var(--fg-light-primary);
  display: block;
  white-space: nowrap;
}

.pvc-stage-block__label {
  font-family: var(--font-sans);
  font-size: 0.8125rem;
  color: var(--fg-light-secondary);
  text-transform: uppercase;
  letter-spacing: 0.08em;
  margin-top: 0.25rem;
  display: block;
}

.pvc-stage-block__text {
  font-size: 1rem;
  color: var(--fg-light-secondary);
  line-height: 1.75;
}

.pvc-funds-list {
  display: flex;
  flex-direction: column;
  gap: 1.5rem;
}

.pvc-fund-item {
  padding: 1.75rem;
  border-left: 2px solid var(--accent-decorative);
  padding-left: 1.5rem;
}

.pvc-fund-item__name {
  font-family: var(--font-serif);
  font-size: 1.25rem;
  font-weight: 500;
  color: var(--fg-light-primary);
  margin-bottom: 0.375rem;
}

.pvc-fund-item__meta {
  font-family: var(--font-mono);
  font-size: 0.8125rem;
  color: var(--accent-aa-on-light);
  margin-bottom: 0.75rem;
  display: block;
}

.pvc-fund-item__body {
  font-size: 0.9375rem;
  color: var(--fg-light-secondary);
  line-height: 1.7;
}

/* --- Team Page --- */
.pvc-partner-row {
  display: grid;
  grid-template-columns: 200px 1fr;
  gap: 3rem;
  padding: 3.5rem 0;
  border-bottom: 1px solid var(--border-light);
  align-items: start;
}

.pvc-partner-row:first-child {
  padding-top: 0;
}

.pvc-partner-row:last-child {
  border-bottom: none;
}

.pvc-partner-row--reverse {
  grid-template-columns: 1fr 200px;
}

.pvc-partner-row--reverse .pvc-partner__avatar-col {
  order: 2;
}

.pvc-partner-row--reverse .pvc-partner__content {
  order: 1;
}

.pvc-partner__avatar {
  width: 160px;
  height: 160px;
  border-radius: 50%;
  overflow: hidden;
  flex-shrink: 0;
  background-color: var(--bg-cream-alt);
  border: 1.5px solid var(--border-light);
}

.pvc-partner__avatar img {
  width: 100%;
  height: 100%;
  object-fit: cover;
  object-position: top;
  filter: grayscale(30%);
}

.pvc-partner__lettermark {
  width: 160px;
  height: 160px;
  border-radius: 50%;
  background-color: var(--bg-cream-alt);
  border: 1.5px solid var(--accent-decorative);
  display: flex;
  align-items: center;
  justify-content: center;
  font-family: var(--font-serif);
  font-size: 4rem;
  font-weight: 500;
  color: var(--fg-light-primary);
  flex-shrink: 0;
}

.pvc-partner__name {
  font-family: var(--font-serif);
  font-size: clamp(1.75rem, 3vw, 2.5rem);
  font-weight: 500;
  color: var(--fg-light-primary);
  margin-bottom: 0.375rem;
}

.pvc-partner__role {
  font-family: var(--font-sans);
  font-size: 0.875rem;
  font-weight: 500;
  letter-spacing: 0.1em;
  text-transform: uppercase;
  color: var(--accent-aa-on-light);
  margin-bottom: 1.25rem;
  display: block;
}

.pvc-partner__bio {
  font-size: 1.0625rem;
  color: var(--fg-light-secondary);
  line-height: 1.8;
}

/* --- Insights Masthead --- */
.pvc-insights-masthead {
  padding: calc(var(--nav-h) + 5rem) var(--gutter) 4rem;
  background-color: var(--bg-light);
  border-bottom: 1px solid var(--border-light);
}

.pvc-insights-masthead__inner {
  max-width: var(--max-w-content);
  margin: 0 auto;
  display: flex;
  align-items: flex-end;
  justify-content: space-between;
  gap: 2rem;
  flex-wrap: wrap;
}

.pvc-insights-masthead__title {
  font-family: var(--font-serif);
  font-size: clamp(2rem, 4vw, 3.5rem);
  font-weight: 500;
  color: var(--fg-light-primary);
  margin-bottom: 0.75rem;
}

.pvc-insights-masthead__tagline {
  font-family: var(--font-sans);
  font-size: 1rem;
  color: var(--fg-light-secondary);
  max-width: 480px;
  line-height: 1.65;
}

/* --- Article Page --- */
.pvc-article-page {
  background-color: var(--bg-white);
  padding-top: calc(var(--nav-h) + 3rem);
  padding-bottom: 5rem;
}

.pvc-article-byline {
  max-width: var(--max-w-article);
  margin: 0 auto 2rem;
  padding-inline: clamp(1rem, 4vw, 2.5rem);
  display: flex;
  align-items: center;
  gap: 1.5rem;
  padding-top: 1.5rem;
  border-top: 2px solid var(--accent-decorative);
}

.pvc-article-byline__date {
  font-family: var(--font-mono);
  font-size: 0.8125rem;
  color: var(--fg-light-tertiary);
}

.pvc-article-byline__sep {
  color: var(--border-light);
}

.pvc-article-byline__author {
  font-family: var(--font-sans);
  font-size: 0.875rem;
  color: var(--fg-light-secondary);
}

.pvc-article-byline__category {
  font-family: var(--font-sans);
  font-size: 0.75rem;
  font-weight: 500;
  letter-spacing: 0.06em;
  text-transform: uppercase;
  color: var(--accent-aa-on-light);
  background-color: rgba(27,75,90,0.08);
  padding: 0.2rem 0.5rem;
}

.pvc-article-header {
  max-width: var(--max-w-article);
  margin: 0 auto 3rem;
  padding-inline: clamp(1rem, 4vw, 2.5rem);
}

.pvc-article-header h1 {
  font-family: var(--font-serif);
  font-size: clamp(1.75rem, 3.5vw, 3rem);
  font-weight: 500;
  color: var(--fg-light-primary);
  line-height: 1.15;
}

.pvc-article-body {
  max-width: var(--max-w-article);
  margin: 0 auto;
  padding-inline: clamp(1rem, 4vw, 2.5rem);
}

.pvc-article-body h2 {
  font-family: var(--font-serif);
  font-size: 1.75rem;
  font-weight: 500;
  color: var(--fg-light-primary);
  margin-top: 2.5rem;
  margin-bottom: 1rem;
}

.pvc-article-body h3 {
  font-family: var(--font-sans);
  font-size: 1.25rem;
  font-weight: 600;
  color: var(--fg-light-primary);
  margin-top: 2rem;
  margin-bottom: 0.75rem;
}

.pvc-article-body p {
  font-size: 1.0625rem;
  line-height: 1.8;
  color: var(--fg-light-primary);
  margin-bottom: 1.5em;
}

.pvc-article-body ul,
.pvc-article-body ol {
  padding-left: 1.5em;
  list-style: disc;
  margin-bottom: 1.5em;
}

.pvc-article-body ol {
  list-style: decimal;
}

.pvc-article-body li {
  font-size: 1.0625rem;
  line-height: 1.8;
  color: var(--fg-light-primary);
  margin-bottom: 0.5em;
}

.pvc-article-body blockquote {
  border-left: 2px solid var(--accent-decorative);
  padding-left: 1.5rem;
  margin: 2rem 0;
  font-style: italic;
  color: var(--fg-light-secondary);
}

.pvc-article-back {
  max-width: var(--max-w-article);
  margin: 0 auto 2rem;
  padding-inline: clamp(1rem, 4vw, 2.5rem);
  padding-top: 2rem;
}

.pvc-article-back a {
  font-family: var(--font-sans);
  font-size: 0.875rem;
  font-weight: 500;
  color: var(--fg-light-secondary);
  text-decoration: none;
  display: inline-flex;
  align-items: center;
  gap: 0.375rem;
  transition: color var(--transition-base);
}

.pvc-article-back a:hover {
  color: var(--accent-aa-on-light);
}

.pvc-article-related {
  max-width: var(--max-w-article);
  margin: 3rem auto 0;
  padding-inline: clamp(1rem, 4vw, 2.5rem);
  padding-top: 2.5rem;
  border-top: 1px solid var(--border-light);
}

.pvc-article-related__title {
  font-family: var(--font-sans);
  font-size: 0.8125rem;
  font-weight: 500;
  letter-spacing: 0.1em;
  text-transform: uppercase;
  color: var(--fg-light-tertiary);
  margin-bottom: 1.5rem;
}

.pvc-article-related__list {
  display: flex;
  flex-direction: column;
  gap: 1rem;
}

.pvc-article-related__item {
  display: flex;
  gap: 1rem;
  text-decoration: none;
  align-items: baseline;
}

.pvc-article-related__item-date {
  font-family: var(--font-mono);
  font-size: 0.75rem;
  color: var(--fg-light-tertiary);
  flex-shrink: 0;
}

.pvc-article-related__item-title {
  font-family: var(--font-serif);
  font-size: 1.0625rem;
  font-weight: 500;
  color: var(--fg-light-primary);
  line-height: 1.3;
  transition: color var(--transition-base);
}

.pvc-article-related__item:hover .pvc-article-related__item-title {
  color: var(--accent-aa-on-light);
}

/* --- Portfolio Context --- */
.pvc-portfolio-context {
  max-width: 720px;
}

.pvc-portfolio-context p {
  font-size: 1.0625rem;
  color: var(--fg-light-secondary);
  line-height: 1.75;
  margin-bottom: 1em;
}

/* --- Footer --- */
.pvc-footer {
  background-color: var(--bg-dark);
  padding: 3.5rem 0 2rem;
}

.pvc-footer__top {
  max-width: var(--max-w);
  margin: 0 auto;
  padding: 0 var(--gutter) 2.5rem;
  display: grid;
  grid-template-columns: 240px 1fr auto;
  gap: 2rem;
  align-items: start;
  border-bottom: 1px solid var(--border-dark);
}

.pvc-footer__brand {}

.pvc-footer__logo {
  display: block;
  margin-bottom: 1rem;
}

.pvc-footer__logo img {
  height: 36px;
  width: auto;
}

.pvc-footer__address {
  font-family: var(--font-sans);
  font-size: 0.8125rem;
  color: var(--fg-dark-secondary);
  line-height: 1.7;
}

.pvc-footer__nav {
  display: flex;
  gap: 2.5rem;
  align-items: flex-start;
  padding-top: 0.25rem;
}

.pvc-footer__nav-link {
  font-family: var(--font-sans);
  font-size: 0.9375rem;
  font-weight: 400;
  color: var(--fg-dark-secondary);
  text-decoration: none;
  transition: color var(--transition-base);
}

.pvc-footer__nav-link:hover {
  color: var(--fg-dark-primary);
}

.pvc-footer__contact {
  display: flex;
  flex-direction: column;
  gap: 0.875rem;
  align-items: flex-end;
}

.pvc-footer__social {
  display: inline-flex;
  align-items: center;
  gap: 0.5rem;
  color: var(--fg-dark-secondary);
  text-decoration: none;
  font-size: 0.9375rem;
  transition: color var(--transition-base);
}

.pvc-footer__social:hover {
  color: var(--fg-dark-primary);
}

.pvc-footer__email {
  font-family: var(--font-sans);
  font-size: 0.875rem;
  color: var(--fg-dark-secondary);
  text-decoration: none;
  transition: color var(--transition-base);
}

.pvc-footer__email:hover {
  color: var(--fg-dark-primary);
}

.pvc-footer__bottom {
  max-width: var(--max-w);
  margin: 0 auto;
  padding: 1.5rem var(--gutter) 0;
  display: flex;
  align-items: flex-start;
  justify-content: space-between;
  gap: 1.5rem;
  flex-wrap: wrap;
}

.pvc-footer__copyright {
  font-family: var(--font-sans);
  font-size: 0.8125rem;
  color: var(--fg-dark-secondary);
}

.pvc-footer__legal-links {
  display: flex;
  gap: 1.5rem;
  flex-wrap: wrap;
}

.pvc-footer__legal-link {
  font-family: var(--font-sans);
  font-size: 0.8125rem;
  color: var(--fg-dark-secondary);
  text-decoration: none;
  transition: color var(--transition-base);
}

.pvc-footer__legal-link:hover {
  color: var(--fg-dark-primary);
}

.pvc-footer__disclaimer {
  width: 100%;
  font-family: var(--font-sans);
  font-size: 0.75rem;
  color: var(--fg-dark-secondary);
  line-height: 1.6;
  padding-top: 1rem;
  border-top: 1px solid var(--border-dark);
  margin-top: 0.5rem;
  opacity: 0.7;
}

/* --- Legal Pages --- */
.pvc-legal-page {
  background-color: var(--bg-white);
  padding-top: calc(var(--nav-h) + 4rem);
  padding-bottom: 6rem;
}

.pvc-legal-page .pvc-container--article {
  max-width: 760px;
}

.legal-article {}

.legal-header {
  margin-bottom: 3rem;
  padding-bottom: 2rem;
  border-bottom: 1px solid var(--border-light);
}

.legal-header h1 {
  font-family: var(--font-serif);
  font-size: clamp(2rem, 4vw, 3rem);
  font-weight: 500;
  color: var(--fg-light-primary);
  margin-bottom: 0.75rem;
}

.legal-meta {
  font-family: var(--font-mono);
  font-size: 0.8125rem;
  color: var(--fg-light-tertiary);
  margin-bottom: 0.25rem;
  line-height: 1.5;
}

.legal-article section {
  margin-bottom: 2.5rem;
}

.legal-article h2 {
  font-family: var(--font-serif);
  font-size: 1.5rem;
  font-weight: 500;
  color: var(--fg-light-primary);
  margin-bottom: 1rem;
  padding-top: 0.5rem;
}

.legal-article p {
  font-size: 1rem;
  color: var(--fg-light-primary);
  line-height: 1.75;
  margin-bottom: 1em;
}

.legal-article ul {
  padding-left: 1.5em;
  list-style: disc;
  margin-bottom: 1em;
}

.legal-article li {
  font-size: 1rem;
  color: var(--fg-light-primary);
  line-height: 1.75;
  margin-bottom: 0.5em;
}

.legal-article a {
  color: var(--accent-aa-on-light);
}

.legal-article address {
  font-size: 0.9375rem;
  color: var(--fg-light-secondary);
  line-height: 1.8;
}

.legal-table {
  width: 100%;
  border-collapse: collapse;
  margin: 1.5rem 0;
  font-size: 0.9375rem;
}

.legal-table th {
  font-family: var(--font-sans);
  font-size: 0.8125rem;
  font-weight: 600;
  text-transform: uppercase;
  letter-spacing: 0.06em;
  color: var(--fg-light-secondary);
  padding: 0.75rem 1rem;
  border-bottom: 2px solid var(--border-light);
  text-align: left;
}

.legal-table td {
  padding: 0.75rem 1rem;
  border-bottom: 1px solid var(--border-light);
  color: var(--fg-light-primary);
  vertical-align: top;
}

.legal-table tr:last-child td {
  border-bottom: none;
}

/* --- Cookie Banner --- */
.cookie-banner {
  position: fixed;
  bottom: 0;
  left: 0;
  right: 0;
  z-index: 10000;
  background-color: var(--bg-dark-alt);
  border-top: 1px solid var(--border-dark);
}

.cookie-banner__inner {
  max-width: var(--max-w);
  margin: 0 auto;
  padding: 1.25rem var(--gutter);
  display: flex;
  align-items: center;
  justify-content: space-between;
  gap: 1.5rem;
  flex-wrap: wrap;
}

.cookie-banner__text {
  font-family: var(--font-sans);
  font-size: 0.875rem;
  color: var(--fg-dark-secondary);
  line-height: 1.5;
  flex: 1;
  min-width: 200px;
}

.cookie-banner__text a {
  color: var(--accent-aa-on-dark);
  text-decoration: underline;
}

.cookie-banner__actions {
  display: flex;
  gap: 0.75rem;
  flex-shrink: 0;
}

.cookie-banner__btn {
  font-family: var(--font-sans);
  font-size: 0.875rem;
  font-weight: 500;
  padding: 0.5rem 1.25rem;
  border: 1.5px solid transparent;
  cursor: pointer;
  transition: background-color var(--transition-base), color var(--transition-base), border-color var(--transition-base);
  line-height: 1;
  color: var(--fg-dark-primary);
}

.cookie-banner__btn--primary {
  background-color: var(--accent-decorative);
  border-color: var(--accent-decorative);
  color: var(--fg-dark-primary);
}

.cookie-banner__btn--primary:hover {
  background-color: #265e72;
  border-color: #265e72;
  color: var(--fg-dark-primary);
}

.cookie-banner__btn--secondary {
  background-color: transparent;
  border-color: var(--border-dark);
  color: var(--fg-dark-secondary);
}

.cookie-banner__btn--secondary:hover {
  border-color: var(--fg-dark-secondary);
  color: var(--fg-dark-primary);
}

/* --- Visually Hidden (screen-reader only) --- */
.pvc-visually-hidden {
  position: absolute;
  width: 1px;
  height: 1px;
  padding: 0;
  margin: -1px;
  overflow: hidden;
  clip: rect(0, 0, 0, 0);
  white-space: nowrap;
  border: 0;
}

/* --- Animations --- */
/* Use @media (prefers-reduced-motion: no-preference) to opt-in to animation,
   so content is visible by default and animation is an enhancement only */
.pvc-fade-in {
  opacity: 1;
  transform: none;
}

@media (prefers-reduced-motion: no-preference) {
  .pvc-fade-in {
    opacity: 0;
    transform: translateY(20px);
    transition: opacity 0.5s ease, transform 0.5s ease;
  }

  .pvc-fade-in.is-visible {
    opacity: 1;
    transform: translateY(0);
  }
}

/* --- Responsive --- */
@media (max-width: 1024px) {
  .pvc-portfolio-grid {
    grid-template-columns: repeat(3, 1fr);
  }

  .pvc-stats-band {
    grid-template-columns: repeat(2, 1fr);
  }

  .pvc-stat:nth-child(2) {
    border-right: none;
  }

  .pvc-stat:nth-child(3),
  .pvc-stat:nth-child(4) {
    border-top: 1px solid var(--border-light);
  }

  .pvc-footer__top {
    grid-template-columns: 1fr 1fr;
  }

  .pvc-footer__nav {
    flex-wrap: wrap;
    gap: 1.25rem;
  }

  .pvc-footer__contact {
    grid-column: span 2;
    flex-direction: row;
    align-items: center;
    justify-content: flex-start;
  }
}

@media (max-width: 768px) {
  .pvc-nav__links,
  .pvc-nav__cta {
    display: none;
  }

  .pvc-nav__hamburger {
    display: flex;
  }

  .pvc-pillars {
    grid-template-columns: 1fr;
  }

  .pvc-pillar {
    border-right: none;
    border-bottom: 1px solid var(--border-light);
  }

  .pvc-pillar:last-child {
    border-bottom: none;
  }

  .pvc-portfolio-grid {
    grid-template-columns: repeat(2, 1fr);
  }

  .pvc-articles-grid,
  .pvc-articles-grid--2col {
    grid-template-columns: 1fr;
  }

  .pvc-criteria-grid {
    grid-template-columns: 1fr;
  }

  .pvc-partner-row,
  .pvc-partner-row--reverse {
    grid-template-columns: 1fr;
    gap: 1.5rem;
  }

  .pvc-partner-row--reverse .pvc-partner__avatar-col {
    order: 0;
  }

  .pvc-partner-row--reverse .pvc-partner__content {
    order: 0;
  }

  .pvc-stage-block {
    flex-direction: column;
    gap: 1.5rem;
  }

  .pvc-stats-band {
    grid-template-columns: repeat(2, 1fr);
  }

  .pvc-footer__top {
    grid-template-columns: 1fr;
    gap: 2rem;
  }

  .pvc-footer__contact {
    grid-column: auto;
    align-items: flex-start;
    flex-direction: column;
  }

  .pvc-footer__bottom {
    flex-direction: column;
    gap: 1rem;
  }

  .pvc-insights-masthead__inner {
    flex-direction: column;
    align-items: flex-start;
  }

  .pvc-article-byline {
    flex-wrap: wrap;
    gap: 0.5rem;
  }

  .pvc-page-hero__ornament {
    display: none;
  }
}

@media (max-width: 480px) {
  .pvc-portfolio-grid {
    grid-template-columns: repeat(2, 1fr);
  }

  .pvc-stats-band {
    grid-template-columns: repeat(2, 1fr);
  }

  .pvc-hero__actions {
    flex-direction: column;
    align-items: center;
  }

  .cookie-banner__inner {
    flex-direction: column;
    align-items: flex-start;
  }

  .cookie-banner__actions {
    width: 100%;
  }
}