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Confidential Investor Presentation · 2026
MAKR
Venture Fund

A $1 billion ecosystem architecture investing in AI and emerging technologies that reshape how intelligent infrastructure is designed, built, and operated.

$1B
Target Fund Size
35%
Target Gross IRR
5.4x
Target Net TVPI
$14.4B
Active Pipeline
Scroll
Fund Contact

Your GFI Capital Partners Team

Paul-Michael J. Rebus
CEO
Global Fixed Income Capital Partners Ltd.
Office Phone: +44(0) 20 3983 6711
UK Mobile: +44(0) 74 8464 0997
North America Mobile: +1 (647) 523 1721
Carolyn Dunlop
Director of Corporate Finance / General Counsel
Global Fixed Income Capital Partners Ltd.
Office Phone: +44(0) 20 3983 6710
UK Mobile: +44(0) 74 8323 2910
North America Mobile: +1 (647) 564 1646
02
Executive Summary

Built for the AI Infrastructure Cycle.

$1.5 trillion will flow into smart city infrastructure by 2030. Most of it will underperform — because the capital stack and the technology stack remain disconnected.

MAKR closes that gap.

MAKR is a $1 billion venture fund investing in AI, quantum computing, industrial robotics, and the emerging technologies reshaping how physical infrastructure is designed, built, and operated.

Three integrated components operate as a single engine: MAKR Venture Fund deploys capital. MAKR Multiplier prepares portfolio companies for deployment. MAKR X, wholly fund-owned, is the direct pipeline to infrastructure at scale.

Most venture funds invest and hope. MAKR sources the deal, funds the company, and builds the deployment pathway. Every stage of the value chain is owned.

Current Pipeline
$14.4B
Active projects across Europe, Americas, GCC, and Africa — smart cities, motor sport circuits, waste-to-energy, sustainable coastal development, luxury resorts.
Integrated Stack
PureBrain · VividQ · Wave Sciences · Pure Technology. Four companies. One integrated stack. Deployable across every project in the pipeline.
The Macro Moment
National modernisation budgets accelerating. US committed $500B to AI infrastructure in early 2026. Sovereign wealth funds across Gulf, Southeast Asia, and Europe accelerating their own mandates.
03
Investment Thesis

AI Is Shifting from Tools to Systems.

The next decade will not be won by individual AI tools. It will be won by funds that understand how to integrate, orchestrate, and deploy AI across real-world infrastructure environments.

The Gap
Traditional venture capital evaluates AI companies in isolation — funding the tool without owning the deployment pathway. The result: companies that raise well but deploy poorly.
The MAKR Answer
MAKR was designed to own the full value chain. We invest in the company, prepare it for real-world deployment, and hold the commercial pipeline that activates the technology at scale.
The Market
$1.5 trillion projected to flow into smart city infrastructure by 2030. AI infrastructure spending is compounding globally. The capital is moving — the question is which vehicles capture it.
Structural, Not Thematic
MAKR's edge is architectural. Three integrated components — Fund, Multiplier, and MAKR X — operate as a single engine. This model works in stable markets and in dislocated ones.

"We are not riding the AI wave. We are building the infrastructure layer beneath it."

04
The MAKR Difference

How MAKR Is Different.

Traditional venture capital funds on one dimension. MAKR operates on four simultaneously — creating a structural advantage that compounds across the portfolio. *MAKR takes a board seat and actively engages in company governance across portfolio investments.

Traditional VCMAKR
Fund only — no deployment infrastructureCapitalFund + Multiplier + MAKR X (full chain)
Invest and hope for deploymentReadinessVelocity program — technical & commercial prep
Reactive to market deal flowPipeline$14.4B proprietary pipeline via MAKR X
Portfolio companies operate in silosEcosystemAlliance — cross-portfolio synergy by design
Single-geography or single-sector focusReach5 continents, 6 sectors, geography-agnostic thesis
Governance: minority observer seatGovernanceBoard seat + active company governance*
05
Ecosystem Architecture

The MAKR Pillar System.

Four complementary mechanisms that reduce risk and create value across the portfolio. Alliance identifies. Velocity prepares. Multiplier aligns. MAKR X executes.

Pillar 1
MAKR Alliance
Ecosystem Orchestration
Cross-portfolio synergies, strategic introductions, skill-building across key themes, access to key service partners. Helps portfolio companies build scalable distribution channels.
Pillar 2
MAKR Velocity
Technical Readiness
Prepares portfolio companies to meet real-world, demand-led requirements from smart infrastructure projects. Ensures integration, reliability, and scalability — bridging demo and deployment.
Pillar 3
MAKR Multiplier
Commercial Opportunity
Policy alignment, strategic intelligence, and commercial opportunity for smart city initiatives. Ensures market readiness, regulatory alignment, and commercial viability at scale.
Pillar 4
MAKR X
Commercial Execution
Technology orchestrator and commercial engine for smart projects. Wholly fund-owned. Contracts directly with clients, deploys solutions, captures revenue. Closes the value chain loop.

The four pillars are designed to complement one another — creating a seamless end-to-end ecosystem where portfolio companies are positioned to succeed commercially, technically, and strategically.

06
Pillars 1 & 2

Alliance & Velocity.

MAKR Alliance — Ecosystem Orchestration

The connective tissue of the portfolio. Alliance drives cross-portfolio synergies, connects companies to external ecosystems and strategic partners, and identifies which portfolio companies are ready for which opportunities.

  • Strategic introductions across portfolio and partner network
  • Skill-building across key themes: agentic AI, cybersecurity, data monetisation
  • Access to key service partners (legal, regulatory, technical)
  • Helping portfolio companies build scalable distribution channels
  • Knowledge exchange that makes the ecosystem compound over time
MAKR Velocity — Technical Readiness

The engine that prepares portfolio companies for real-world deployment. Velocity builds integration layers, validates technical feasibility, and ensures interoperability across multi-company solutions.

  • Integration assessment and deployment readiness validation
  • Technical interoperability across multi-company deployments
  • Creates hard-to-replace leverage that protects the MAKR moat
  • Bridges the gap between product demo and infrastructure deployment
  • When project demand arrives — the portfolio is already ready
07
Pillars 3 & 4

Multiplier & MAKR X.

MAKR Multiplier — Policy & Intelligence

The bridge between portfolio companies and mega infrastructure projects. Multiplier engages policy stakeholders, identifies and qualifies high-value opportunities, and ensures portfolio technologies meet the standards required for deployment at scale.

  • Policy stakeholder engagement across target geographies
  • Strategic market intelligence and opportunity qualification
  • Regulatory alignment and compliance preparation
  • Commercial viability validation before companies enter the room
  • Smart cities, smart ports, smart stadiums — end-to-end pipeline development
MAKR X — Commercial Execution (Fund-Owned)

MAKR X is the technology orchestrator and commercial engine for smart projects. Wholly owned by the fund — not a GP-owned entity. MAKR X contracts directly with clients, deploys solutions prepared by the other three pillars, and captures the revenue.

  • Active pipeline: $14.4B across 5 continents
  • Smart cities, motor sport circuits, waste-to-energy, coastal development
  • Fund-owned = GP and LP interests fully aligned
  • Proprietary deal flow and first-mover positioning for portfolio companies
  • Every stage of the value chain: investment → deployment → return
08
The MAKR System

How the Engine Works.

MAKR Alliance
Identifies
Portfolio synergies & opportunities
MAKR Velocity
Prepares
Technical & commercial readiness
MAKR Multiplier
Aligns
Policy, intelligence & deal flow
MAKR X
Executes
Contracts, deploys & captures revenue
70+ Portfolio Companies
Across 6 sectors and multiple technology layers. Every company fits the thesis and adds value across smart infrastructure deployments.
AI and Infrastructure Focus
AI, quantum computing, industrial robotics, and the emerging technologies reshaping how physical infrastructure is designed, built, and operated.
Demand-Driven Model
MAKR X brings real project demand. When a project enters the pipeline, the portfolio is already ready for it. This is an ecosystem with a fund attached.
09
MAKR X — Commercial Engine

$14.4 Billion Active Pipeline.

MAKR X is wholly owned by the fund. In active discussions across $14.4 billion in projects spanning Europe, the Americas, the GCC, and Africa.

$14.4B
Pipeline Value
5
Continents Active
8+
Active Projects
100%
Fund-Owned
Project Types
  • Smart cities and intelligent community infrastructure
  • Motor sport circuits and intelligent venue systems
  • Waste-to-energy facilities
  • Sustainable coastal development and luxury resorts
  • US infrastructure construction and modernisation
Strategic Positioning
  • First-mover positioning for portfolio companies
  • Proprietary deal flow — not reliant on open market competition
  • GP and LP interests fully aligned (fund-owned, not GP-owned)
  • Technology partner role — not just financial participant
  • Deployment pathway owned end-to-end
10
Intelligent Operating Environment — Illustrative Example

An Integrated Stack in Action.

Note: The following is an illustrative example of how MAKR portfolio companies integrate across a smart infrastructure project. This scenario is identified and in progress — not a finalised deployment.

PPC-A · AI Orchestration
30+ AI agents orchestrating enterprise operations across the project environment. Real-time coordination of facilities, security, logistics, and administrative systems.
Agentic AI
PPC-B · Holographic Displays
True 3D holographic imaging for infrastructure command centres. Software-first, hardware-agnostic. Deployed at operations and administration level.
Visualisation
PPC-C · Spatial Audio Intelligence
Patented GLIMPSE engine providing spatial audio intelligence. Selected for NATO DIANA 2026. Applied to security, crowd management, and emergency response.
Sensing Infrastructure
PPC-D · Delivery Platform
Single smartphone platform delivering the integrated stack into the hands of operators and administrators on the ground. The last-mile deployment layer.
Platform

Four companies. One integrated stack. Deployable across every project in the pipeline. This is the model — not a pitch deck promise.

11
Portfolio — PPC Overview

The Portfolio Was Designed, Not Assembled.

Every company fits the thesis and is built to add value across a range of smart infrastructure deployments. 70+ companies across 6 sectors and multiple technology layers.

PPC1 · Holographic Imaging
Deep Tech
Computer-generated holography (CGH) — software-first, hardware-agnostic. True 3D on standard components. XR, automotive HUDs, ophthalmology, large-scale displays.
PPC2 · Quantum Computing Platform
Quantum
GitHub + Hugging Face for quantum. Challenges, algorithm testing, portfolio building, quantum job marketplace. Positioned at intersection of demand, talent, data, and infrastructure.
PPC3 · Construction Intelligence
AI Infrastructure
AI-powered Construction Intelligence as a Service (CIaaS). Connects all stakeholders across the project lifecycle. Compliance automation, payment simplification, real-time insights.
PPC4 · Autonomous Maritime
Green Infrastructure
Autonomous sailing vessels for green hydrogen, green ammonia, ocean sensors, mobile telecoms. Proprietary AI routing algorithms. Relocatable to new geographies as needed.
PPC5 · Longevity AI
Health & Wellness
AI-native software for personalised longevity and biological intelligence. Digital twin modeling, biological age, health optimisation. Multi-omics health intelligence OS.
PPC6 · Consumer Intelligence
AI & Data
AI + proprietary smartphone device analysing user-consented data. Brands gain insights into willing customers; users receive matched opportunities. Minimises budget waste, maximises ROI.
PPC7 · Wireless Precision Location
Identity & Security
Sub-meter precision wireless radio location tracking for mobile and IoT. AI-driven adaptability to environmental changes. Seamless compatibility across devices and communication protocols.
12
Portfolio Strategy

Investment Focus Areas.

Six focus areas aligned to AI and infrastructure convergence. AI integration drives premium exit multiples across all categories.

Focus AreaAllocationExit Multiple RangeAvg Years to Exit
AI Infrastructure 25% 5x–10x median / 15x–50x+ top quartile 3–6 years
Smart Living 25% 2x–2.5x median / 3x–4x top quartile 7–10 years
Identity & Security 15% 4x–8x median / 10x–30x+ top quartile 4–7 years
Travel, Transportation & Logistics 15% 1.5x–2.5x median / 3x–5x top quartile 8–12 years
Entertainment, Media & Sports 10% 2.5x–3.5x median / 5x–8x top quartile 6–9 years
Health & Wellness 10% 2x–3x median / 4x–6x top quartile 8–12 years

AI integration premium: Companies with AI-native architecture command 20–100% higher exit multiples across all sectors. MAKR's investment thesis targets AI-first companies in every focus area — not just AI Infrastructure.

13
Fund Performance Targets

Return Framework.

35%
Target Gross IRR
27%
Target Net IRR
5.4x
Target Net TVPI
8.1x
Target Gross TVPI
Return Engine
AI Infrastructure and Identity & Security anchor the return thesis — demonstrated median MOICs of 5x–10x with exits occurring within the fund's base 7-year term.
Principal Protection
30% of invested capital backed 1:1 by US Treasuries via EMTN structure — providing downside protection for institutional allocators in volatile markets.
Anchor Comparables
Wiz → Google $32B (5 years, 200x seed return). CoreWeave IPO $63B+. MosaicML → Databricks $1.3B (~65x revenue). These are the exits MAKR's AI thesis targets.
14
Investment Policy

How We Deploy Capital.

Stage Allocation

Seed Stage
25%
Early conviction positions. Highest risk-adjusted return potential. AI Infrastructure and Identity & Security focus for maximum multiple upside.
Series A
40%
Core portfolio positions. Product-market fit established. Deployment readiness validation underway via Velocity program.
Series B+
30%
Late-stage growth positions. Companies with proven deployment models and existing infrastructure relationships. Closer to exit horizon.

Investment Parameters

  • Initial cheque size: $2M–$15M (Seed to Series A)
  • Follow-on reserve: 40% of total portfolio allocation
  • Target portfolio: 40–60 companies across 6 sectors
  • Diversification: minimum 4 sectors active at any time
  • Board seat taken across all investments*
  • AI-first mandate: AI integration required across all sectors
Selection Criteria
  • AI-native or AI-adjacent technology
  • Addressable smart infrastructure market
  • Integration potential with existing portfolio
  • Deployment readiness within 18 months of investment
  • MAKR X pipeline alignment preferred

*MAKR takes a board seat and actively engages in company governance across portfolio investments.

15
Fund Terms

Structure & Economics.

Fund Size
$1B
Target fund size. Minimum LP commitment: $25 million.
Fund Term
7 + 2
7-year base term (5-year investment period + 2-year harvesting). Optional 2 × 1-year extensions for orderly exits. Maximum fund life: 9 years.
Management Fee
2%
Annual management fee on committed capital during the investment period. Reduced fee post-investment period.
Carried Interest — Tiered Structure
Up to 4× MOIC 20%
Between 4× and 5× MOIC 25%
Above 5× MOIC 30%
Legal Entity
MAKR Venture Fund LP is a limited partnership established under the laws of Jersey, Channel Islands, acting by its general partner MAKR Ventures Ltd.
Auditor
To be confirmed (TBC). Appointment in progress. Big 4 engagement targeted for institutional-grade reporting.
16
Leadership

Built by Operators. Led by GPs with Global Infrastructure Experience.

Four GPs — spanning fund management, commercial development, deal origination, and ecosystem building — brought together by shared conviction in the AI and capital convergence.

KH
Katy Huang
Fund Manager
30+ years in financial services. Institutional fund management and structured finance across global markets. GP bio to be provided by team.
MS
Melanie Salvador
MD, MAKR Multiplier
Telecom and infrastructure background. Commercial development across GCC, LATAM, and Americas. GP bio to be provided by team.
MF
Michael Foley
MD, MAKR Velocity
Enterprise technology and AI deployment. Operational expertise across intelligent systems and infrastructure integration. GP bio to be provided by team.
RH
Rimah Harb
MD, MAKR Alliance
GCC and EMEA strategy. Ecosystem development and strategic partnership across Gulf states and European markets. GP bio to be provided by team.

GP photos and full bios to be provided by the team prior to deck distribution. Advisory team available on request.

17
Global Project Pipeline · 01 / 04

Construction — The Infrastructure Bridge.

In active discussions with a major U.S. construction and construction management firm with more than 130 years of operating history.

What This Relationship Enables
  • Public infrastructure procurement pathways
  • Long-standing government relationships
  • Large-scale project delivery at institutional scale
  • Multi-decade operational credibility
The Opportunity
Embed next-generation intelligent systems — robotics, drones, AI scheduling, digital twins, logistics optimisation — directly into generational construction environments.
Strategic Significance

This is the bridge between legacy infrastructure execution and AI-driven modernisation.

A 130-year-old construction firm bringing MAKR portfolio technologies into public infrastructure projects represents the exact deployment pathway MAKR was designed to create.

MAKR X positions portfolio companies as the intelligent systems layer — not a vendor, but a structural technology partner embedded in the delivery model.

18
Global Project Pipeline · 02 / 04

LATAM — Capital Anchored to National Transformation.

In active discussions with a major LATAM investor positioned as lead investor, with direct proximity to large-scale modernisation corridors.

Regional Footprint
El Salvador
Country-wide modernisation initiative
Panama
Tourism-driven smart infrastructure
Costa Rica
Smart tourism expansion
Guatemala
Regional development and modernisation
Strategic Significance

MAKR X is positioned as technology partner across this corridor — a structured pathway from capital commitment to deployment.

The LATAM corridor represents both capital and corridor — an investor relationship that simultaneously provides funding proximity and deployment access.

National governments across Central America are accelerating modernisation mandates. MAKR enters not as a vendor bidding on projects, but as a technology ecosystem already aligned to the capital.

19
Global Project Pipeline · 03 / 04

GCC — AI Inside Purpose-Built Cities.

In active discussions with major real estate developers and tourism project owners across the GCC. The GCC is designing cities and tourism hubs around intelligent systems from inception — the most ambitious urban development cycle globally.

Engagement Provides
  • Access to flagship real estate megaprojects
  • Integration environments for AI-native platforms
  • Digital twin infrastructure deployment
  • Robotics-enabled construction opportunities
  • Data-driven energy and mobility systems
  • Architectural embedding inside next-generation cities
Strategic Significance

GCC nations are not retrofitting existing cities — they are designing AI-native cities from inception. This is the single most concentrated deployment opportunity for MAKR portfolio companies globally.

MAKR's relationships with GCC real estate developers and project owners position the fund for the rebuilding and modernisation cycle that will follow the current regional disruption — a well-capitalised pipeline patient for the right moment.

20
Global Project Pipeline · 04 / 04

Europe — Intelligent Sports Infrastructure.

In active discussions to serve as technology partner (MAKR X) to a professional football club in Italy.

Modern Stadiums as Intelligent Ecosystems
  • Smart access and biometric entry systems
  • AI-driven fan engagement and personalisation
  • Security orchestration and crowd intelligence
  • Mobility integration and logistics
  • Real-time data monetisation
Strategic Significance

Stadium environments are controlled, high-density, data-rich infrastructure platforms — live validation environments for MAKR portfolio technologies.

A single successful intelligent venue deployment creates a replicable model across European football, motorsport, and entertainment venues — a scalable pipeline from one partnership.

European sports infrastructure investment is accelerating post-2026 World Cup preparation cycle. MAKR enters at the point of maximum institutional attention.

21
The Moment

Why MAKR. Why Now.

National modernisation budgets are accelerating. AI infrastructure spending is compounding. The window for institutional capital to gain meaningful exposure to this convergence is open.

The Tailwind
$500B US AI infrastructure commitment (early 2026). Sovereign wealth funds across Gulf, Southeast Asia, and Europe accelerating their own AI mandates. National modernisation is not slowing — it is compounding.
The Structural Moment
AI is transitioning from tooling to infrastructure. The funds that understand how to deploy AI across physical environments — not just software — will capture the next decade of returns.
The MAKR Advantage
Purpose-built for this moment. Not adapted. Not rebranded. Designed from the beginning to operate at the intersection of capital, technology, and infrastructure — end-to-end.

The question for institutional allocators is whether to gain exposure to this convergence — and through which vehicle. MAKR was purpose-built for exactly this moment.

MAKR Venture Fund
"We are not riding the AI wave. We are building the infrastructure layer beneath it."
For LP Enquiries
partners@makrvf.com
Legal Entity
MAKR Venture Fund LP, a limited partnership established under the laws of Jersey, Channel Islands, acting by its general partner MAKR Ventures Ltd.

This presentation is confidential and is for the intended recipient only. See Disclaimer slide for full legal notice.

23
Notice to Readers

The information contained in this document is strictly confidential and intended only for the use of authorized recipients. Recipients of this document are in receipt hereof in compliance with applicable exemptions in accordance with the Financial Services & Markets Act 2000 (Financial Promotions) Order 2005. Recipients of this document are hereby notified that any photocopying, scanning, reproduction or distribution, in whole or in part, to others at any time is strictly prohibited without the prior written consent of MAKR Venture Fund Ltd. ("MAKR" or the "Fund") and GFI Capital Partners Ltd. ("GFI") or any of their respective affiliates or subsidiaries. The information contained in this document is proprietary to the Fund and GFI. If you are not an authorized recipient of this document, please contact GFI at International House, 12 Constance Street, London E16 2DQ.

No representation or warranty, express or implied, is or will be made in relation to, and no responsibility or liability is or will be accepted by the Fund, GFI or any of their respective officers, servants, agents, employees or advisors as to or in relation to the accuracy or completeness of this document or any further written or oral information made available to the recipient or its advisers. The Fund and GFI each expressly disclaim any and all liability which may be based on such information or errors therefrom. In particular, no representation or warranty is given as to the accuracy of any financial information contained herein or as to the achievement or reasonableness of any forecasts, projections, management targets, prospects or returns.

In addition, this document does not constitute an offer and cannot be considered as an offer of, or an invitation to, subscribe for or to purchase any securities. The information in this document is in summary form for convenience of presentation. Under no circumstances can this document be used or considered as a commitment by the Fund or GFI. Such commitment can only be given subject to certain conditions, including but not limited to, the following conditions: (1) satisfactory documentation and (2) approval of relevant internal committees.

The information contained in this document is not intended to provide, and should not be relied upon for, accounting, legal, regulatory or tax advice or investment recommendations.

Certain information set forth in this presentation contains "forward-looking information", including "future-oriented financial information" and "financial outlook", under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Fund; (ii) the expected development of the Fund's business, projects, and joint ventures; (iii) execution of the Fund's vision and growth strategy, including with respect to future M&A activity and global growth; (iv) sources and availability of third-party financing for the Fund; (v) completion of the Fund projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Fund's material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.

These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.

Although forward-looking statements contained in this presentation are based upon what management of the Fund believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Fund undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

The distribution of this document in certain jurisdictions may be restricted by law. Accordingly, persons into whose possession this document comes are advised to inform themselves about and to observe any such restrictions. None of the Fund nor GFI accepts any responsibility to any person in relation to the distribution of this document in any jurisdiction.