MAKR is a $1B venture fund targeting the AI infrastructure layer. We invest in companies building the compute, networking, data, and intelligence platforms that power the next generation of AI applications, then deploy those technologies into large-scale real-world infrastructure projects through our MAKR X division. Domiciled in Jersey (JFSC regulated), with a 5+2 year term.

Jersey Expert Fund structure (JFSC regulated). Limited partnership with institutional-grade governance. Management fee: 2% on committed capital during investment period, 2% on invested capital thereafter. Carried interest: 20% over 8% preferred return with full catch-up. GP commitment: minimum 2% of fund size.

Standard minimum is $5M for institutional LPs. The GP may accept smaller commitments on a case-by-case basis for strategic co-investors or advisory LPs. LPAC seats available for commitments above $25M.

MAKR funds the infrastructure layer that AI runs on, then deploys it into real-world projects at scale. We believe the largest value creation opportunity in AI is not in the application layer (which is commoditizing rapidly) but in the infrastructure: compute, networking, data centers, edge platforms, and smart city systems. Our thesis is that by owning both the technology AND the deployment channel, we capture value at two points in the chain.

Target net returns of 30%+ IRR across the portfolio. This is achieved through a blended model: venture equity upside from portfolio companies (3-10x multiples on winners) plus project-level revenue from MAKR X technology deployments (contracted cash flows). The dual-engine approach provides both upside optionality and downside protection.

Multi-stage diligence process: proprietary deal flow through our 4 GP network and 3 pillar organizations, technical diligence led by MAKR Velocity (London), market/strategic diligence by MAKR Multiplier (NYC), and regional validation via RainMAKR Alliance (Dubai). 70+ companies already sourced and relationship-mapped. We prioritize companies with clear deployment pathways into our project pipeline.

Led by Rimah Harb from Dubai. RainMAKR is the ecosystem orchestration arm focused on GCC and MENA relationships. It manages sovereign wealth fund relationships, government partnership development, and regional deal origination. Primary gateway to Gulf capital and infrastructure mandates including smart city, energy, and defense tech verticals.

Led by Michael Foley from London. Velocity is the technical scaling and portfolio acceleration engine. It connects portfolio companies to enterprise clients, provides go-to-market support, and drives revenue growth across the MAKR ecosystem. Also leads technical diligence on new investments and manages European operations.

Led by Melanie Salvador from NYC. The Multiplier identifies, structures, and executes technology deployment into large-scale infrastructure projects. It bridges the venture portfolio with real-world revenue opportunities. This is MAKR's unique edge: while most VCs exit via M&A or IPO, the Multiplier creates a third exit path through project revenue.

MAKR X is the project deployment division. It takes technology from MAKR portfolio companies and deploys it into large-scale infrastructure projects globally. Current pipeline: $14.4B across smart cities, sustainable energy, resort/hospitality, and defense/government verticals. Revenue model: technology integration fees (5-15% of tech budget) plus ongoing licensing/maintenance streams.

LPs benefit from two return streams: (1) Equity upside from portfolio company growth, exits via M&A/IPO at 3-10x multiples. (2) Project revenue from MAKR X deployments, providing contracted cash flows that are less correlated with public market cycles. This dual engine is why we target 30%+ net returns while maintaining downside protection.

$14.4B total pipeline across 6 major projects: Smart Stadium Italy (EUR 150M tech budget), Waste to Energy US ($700M), Sustainable Resort US ($800M), Coastal Development Central America ($2.47B), Smart City Jamaica ($4B), and Intelligent Countries Pan-Africa ($66B exploratory). Each project has identified technology deployment opportunities for MAKR portfolio companies.

Up to $300M in principal protection via EMTN (Euro Medium Term Notes) and Treasury collateral structure. A portion of committed capital is allocated to investment-grade instruments that provide downside protection. This is not a guarantee of returns, but a structural mechanism that ensures a significant portion of LP capital is preserved even in adverse scenarios.

Primary risks include: technology adoption risk (mitigated by MAKR X deployment channel), concentration risk (mitigated by 70+ company portfolio), geopolitical risk (mitigated by multi-geography strategy across 5 regions), regulatory risk (mitigated by JFSC domicile and multi-jurisdiction compliance framework), and market cycle risk (mitigated by dual-revenue model blending equity and project cash flows).

LPAC (LP Advisory Committee) for commitments above $25M. Quarterly reporting with full transparency on portfolio marks, project pipeline status, and fee calculations. Annual audit by Big 4 firm. Key person provisions covering all 4 GPs. No-fault removal rights with 75% LP vote. Side letter accommodations for qualified institutional investors.

Four GPs across four global hubs: Katy (Geneva) - fund governance and European institutional relationships. Melanie Salvador (NYC) - deal origination, MAKR Multiplier, and LP engagement. Michael Foley (London) - technical diligence, MAKR Velocity, and European operations. Rimah Harb (Dubai) - RainMAKR Alliance, GCC relationships, and sovereign wealth fund access.

Combined 60+ years across venture capital, investment banking, corporate finance, M&A, technology operations, and sovereign wealth advisory. The team has collectively deployed over $2B in technology investments and managed relationships with 40+ institutional LPs globally. Deep networks across family offices, sovereign wealth funds, and institutional allocators in GCC, Europe, and North America.

Management fee: 2% per annum on committed capital during the 5-year investment period, stepping down to 2% on invested capital during the 2-year harvest period. Carried interest: 20% over an 8% preferred return (compounded annually), with full GP catch-up. Organizational expenses capped at $1.5M. No transaction fees retained by GP.

Capital called on an as-needed basis over the 5-year investment period. Typical cadence: 20-30% in Year 1, 20-25% in Year 2, 15-20% in Years 3-4, remainder as needed. 10 business days notice for capital calls. Quarterly reporting includes forward-looking capital call estimates so LPs can manage liquidity.

Distributions follow standard waterfall: (1) Return of contributed capital, (2) 8% preferred return to LPs, (3) GP catch-up to 20% of total profits, (4) 80/20 split thereafter. Distributions can come from both equity exits (M&A, IPO) and MAKR X project revenue. Quarterly distribution elections available for project revenue streams.

Jersey offers a well-established regulatory framework (JFSC) recognized globally by institutional investors. Expert Fund structure provides appropriate regulation without excessive compliance burden. Jersey has tax-neutral status (no capital gains, withholding, or inheritance tax at fund level), double taxation agreements with 100+ jurisdictions, and strong legal protections for LP rights. AIFMD-equivalent standards enable EU marketing.

Full KYC/AML compliance per JFSC, FATF, and local jurisdiction requirements. OFAC/sanctions screening on all investors and counterparties. FATCA and CRS reporting obligations met. Third-party administrator handles investor onboarding and ongoing compliance monitoring. Enhanced due diligence for PEPs and high-risk jurisdictions.

$4T market by 2031. Governments globally are committing massive budgets to urban digitization, sustainability, and resilience. The technology layer (IoT, AI, digital twins, autonomous systems) is where the margin lives. By owning portfolio companies that provide this technology AND having deployment relationships with project developers, MAKR captures value at both ends. GCC alone is spending $1T+ on urban development in the next decade.

Traditional infrastructure funds invest in physical assets (roads, bridges, utilities). MAKR invests in the intelligence layer that makes physical infrastructure smart. We do not own the concrete. We own the AI, the sensors, the data platforms, and the control systems. This means higher margins (software economics vs. asset economics), faster deployment cycles, and technology moats that compound over time.