Najm Capital
Najm Fund I + Co-InvestGCC growth equity, infrastructure, and strategic buyouts · Q1 2026 reporting
3
K. Al Rashidi · Director
KR
Najm/Capital/Fundraising/GIC
FundraisingGIC logo

GIC

Discovery
Singapore · $770B AUM · Lead: R. Al Hashimi
Objective

Convert existing Fund V discovery relationship into $400-600M Fund II commitment. Differentiate on institutional diligence rigor + 10-year performance case studies.

Intro path: Existing Fund V conversation pre-2025 · not committed
Key points · Najm angle for GIC
Fund V performance at scale: 1.52x gross MOIC · 24.5% IRR · $2.08B invested
Case studies: OpenAI + Databricks + Phoenix 9.56x re-rating
Institutional DDQ response · 95% question reuse rate · clean reporting cadence
Global diversification: specialty + US pipeline
Deck preview · 8 slides · 3 bespoke
Compiled deck · GIC variant8 slides · 3 bespoke · click a slide to expand
AP
Najm
01 / 08
Cover
Najm — Fund II
Late-stage growth + structured preferred
Concentrated · 20-25 positions
Miami + New York offices
Fund II target $5B · Q4 2026 first close
Fund II · Q1 2026Confidential
AP
Najm
02 / 08
Bespoke · GIC
Why Najm · GIC fit
Institutional diligence track record
10-year performance case studies
Structured growth mandate alignment
Warm network · existing relationship
Fund II · Q1 2026Confidential
AP
Najm
03 / 08
Standard
Fund V + Co-Invest performance
Fund V: 1.52x gross MOIC · 24.5% gross IRR
Co-Invest sidecar: 1.48x · 139.9% IRR
$2.42B invested · 24 positions
Top movers: Phoenix 9.56x · BrainCo 3.27x
Fund II · Q1 2026Confidential
AP
Najm
04 / 08
Standard
Investment thesis
AI & Data Platforms
Financial Services Disruption
Take-Privates & Control
Energy & Infrastructure
Fund II · Q1 2026Confidential
AP
Najm
05 / 08
Standard
Case studies
OpenAI · $300B entry · 1.67x · structured protection
Databricks · $64B entry · 1.64x · FCF+ inflection
Phoenix Financial · 6.77x → 9.56x · listed re-rating
QXO · take-private · 1.28x · execution playbook
Fund II · Q1 2026Confidential
AP
Najm
06 / 08
Bespoke · GIC
GIC fit
$400-600M target commitment
Co-invest on structured growth positions
Quarterly IR cadence + MFN terms
Global diversification vector
Fund II · Q1 2026Confidential
AP
Najm
07 / 08
Standard
Team + governance
Kushner · Naqvi · Videgaray · Key · Brekke (IC)
Value Add: Gen. Correa + Len Rosanoff
15-person team · institutional diligence
Fund II · Q1 2026Confidential
AP
Najm
08 / 08
Bespoke · GIC
Next steps · GIC
Research pre-meeting scheduled Q2
Jaensubhakij + Goh Kok Huat intro pathway
Institutional DD questionnaire prepped
Fund II · Q1 2026Confidential
Prep checklist
Warm intro + framingConfirm introducer + set framing call
LP research packPriors, mandate, portfolio context
Tailored deck draftPull Fund V perf + case studies + bespoke slides
Schedule first callTarget 30-45 min with LP lead
Next stepResearch pre-meeting · schedule for Q22026-06-15
Angle

Institutional diligence track record + 10-year performance case studies. GIC has indicated interest in structured growth.