NEDA FundFounded by Noor Al Nahda Investment
NEDA Fund — AI Infrastructure Sovereignty Fund investing in critical materials, power, grid, cooling, data centers and sovereign digital infrastructure

by Noor Al Nahda Investment

Critical Materials · Power · Grid · Cooling · Data Centers · Sovereign AI Infrastructure

A UAE-led investment platform focused on the physical, energy and strategic bottlenecks behind the artificial intelligence economy: critical materials, power, grid capacity, cooling, land, data-center enabling infrastructure, sovereign digital systems and regional infrastructure corridors.

While much of the market is concentrated on visible AI winners — models, applications and chips — NEDA focuses on the less visible but essential infrastructure layers required for AI to scale.

NEDA invests in the infrastructure AI depends on.

01 · Executive Positioning

Investing in the
Infrastructure AI Depends On.

NEDA Fund is an AI Infrastructure Sovereignty Fund focused on the physical, energy and strategic bottlenecks behind the artificial intelligence economy.

The fund is built on a simple conviction: the next phase of AI will not be limited only by models, applications or chips. It will be limited by access to power, grid capacity, cooling, critical materials, land, sovereign permissions, data-center infrastructure and digital backbone systems.

While much of the market is concentrated on visible AI winners, NEDA focuses on the less visible but essential infrastructure layers required for AI to scale.

NEDA invests in the infrastructure AI depends on.

Investment Thesis

AI is becoming an infrastructure cycle — and infrastructure bottlenecks create investable scarcity.

02 · Why Now

A structural shift,
not a cycle.

AI is moving from a technology story into a full infrastructure cycle. The constraint is shifting from software capability to physical deployment capacity.
01

AI Demand

AI workloads are driving structural demand for compute, data centers and power-intensive infrastructure.

02

Power Constraint

Reliable power and grid access are becoming the gating factors for AI deployment.

03

Infrastructure Bottlenecks

Transformers, substations, cables, cooling, land and permitting are becoming strategic constraints.

04

Sovereign Digital Capacity

Governments increasingly want national control over data, compute, AI infrastructure and digital resilience.

05

Underbuilt Growth Markets

Many strategic regions remain underbuilt across energy, grid, data-center and digital infrastructure layers.

03 · The NEDA Thesis · Hidden Infrastructure Behind AI

Critical Materials Power Grid Cooling Data Centers Sovereign Digital Infrastructure AI

NEDA targets the bottlenecks that determine where AI can actually be powered, cooled, hosted, regulated and scaled.

I

Critical Materials & Resources

Strategic inputs required for electrification, grid expansion, data-center infrastructure and industrial capacity.

II

Power & Grid

Generation, energy access, transformers, substations, cables and connection infrastructure required for AI-era demand.

III

Cooling & Data Centers

Liquid cooling, district cooling, water-efficient systems, AI-ready land, energy-secured campuses and data-center enabling infrastructure.

IV

Sovereign Digital Infrastructure & AI

National cloud, sovereign compute, digital backbone systems and AI-ready regional platforms.

04 · Investment Focus

Six bottlenecks.
One investment thesis.

NEDA allocates capital where AI infrastructure bottlenecks create strategic scarcity, regional advantage and long-term value creation.

Critical Materials

01

Copper, aluminum, specialty metals, strategic minerals, resource-backed supply chains and commodity-linked infrastructure.

Energy & Power

02

Gas-to-power, renewables, hybrid power, captive generation, storage-backed generation and power-backed industrial zones.

Grid & Electrification

03

Transformers, substations, switchgear, high-voltage cables, smart metering, grid automation and connection infrastructure.

Cooling & Water

04

Liquid cooling, district cooling, dry cooling, heat reuse, desalination-linked cooling and water-efficient systems.

Data-Center Enabling Assets

05

AI-ready land, grid-connected sites, fiber routes, energy-secured campuses and data-center development infrastructure.

Sovereign Digital Infrastructure

06

National cloud, sovereign compute capacity, digital backbone systems and regional AI infrastructure corridors.

05 · Regional Focus

Middle East · Africa · CEE · South Asia · Island Economies.

NEDA focuses on regions where resource access, power demand, infrastructure underbuild, government ambition and digital capacity gaps converge. These markets can become strategic corridors for AI-ready infrastructure development.

  • · Strategic resource access
  • · Rising power and grid demand
  • · Infrastructure under-build
  • · Government ambition
  • · Data-center and digital capacity gaps
  • · Sovereign AI and national cloud demand
  • · Regional infrastructure corridors
Strategic geography across the Middle East, Africa and Europe
Regional ReachME · AF · EU
06 · Investment Approach

How NEDA
creates value.

NEDA is not designed as a passive thematic allocator. It is an origination, structuring and execution platform focused on turning infrastructure bottlenecks into investable platforms.

Source assets first.
Infrastructure control second.
AI monetization later.

  1. 01Originate Early — identify strategic infrastructure opportunities before they become obvious or fully priced.
  2. 02Secure Access — align land, resources, power, grid connection, sovereign permissions and strategic partners.
  3. 03De-risk — address legal, technical, regulatory, permitting, energy, grid, environmental and commercial risks.
  4. 04Structure Capital — fund equity, project SPVs, co-investment, private credit, project finance and strategic capital.
  5. 05Build Platforms — aggregate fragmented assets into scalable regional platforms rather than isolated projects.
  6. 06Create Bankability — offtake, anchor demand, technical validation, EPC readiness, governance and institutional reporting.
  7. 07Exit or Refinance — strategic sale, infrastructure fund acquisition, sovereign partnership, refinancing, listing or yield platform.
07 · Platform Model

Master Fund + Thematic Sleeves
+ Project SPVs.

A four-layer structure that allows LPs, GP partners, co-investors and strategic partners to participate at the level that best matches their mandate.

  1. Layer 1

    NEDA Master Platform

    Holds the core thesis, investor relations framework, governance standards, capital formation strategy and allocation logic.
  2. Layer 2

    Thematic Sleeves

    Dedicated strategies around resources, power, grid, cooling, data-center enabling infrastructure and sovereign digital systems.
  3. Layer 3

    Regional Corridors

    Country and corridor strategies where energy, infrastructure and digital transformation converge.
  4. Layer 4

    Project SPVs

    Ring-fenced vehicles for individual projects, co-investments, strategic partners, sovereign participation and asset-specific financing.
08 · Capital Markets Vision

Beyond the fund.
A capital formation platform.

Capital markets tools are optional future pathways and not the core fund thesis. The primary thesis remains infrastructure ownership, platform development and bottleneck investing.
I

Corporate Bond Issuance

Use of bond instruments to support platform growth, asset development and capital structure diversification.

II

European Market Listing

Potential listing of selected corporate structures in a dynamic European capital market environment to enhance visibility, access and scale.

III

Regulated Digital Asset Optionality

Potential use of regulated digital asset structures for selected corporate, fund or bond instruments, subject to regulatory approval, investor suitability and market readiness.

Important note

This is future financing and distribution optionality — not the core thesis of the fund. Each step is contingent on portfolio maturity, regulatory clearance and market conditions.

09 · Fund Overview

Institutional structure.
Disciplined economics.

Jurisdiction
ADGM
Abu Dhabi Global Market
Target Fund Size
USD 100M
Target Investor IRR
14%
Net to investors
Management / Service Fee
2.5%
Carry
20%
Waterfall
80 / 20
LP / GP

Structured for institutional credibility, international reach and long-term strategic investors.

Indicative terms only. Final structure, economics and investor eligibility remain subject to fund documentation, regulatory review and legal counsel.

10 · Leadership & Strategic Team

Cross-border experience
across the full value chain.

M
Founder · Sponsor
Marcin Lapa
Co-Founder

Cross-border investor, business builder and strategic advisor with 20+ years of experience across energy, utilities, infrastructure, natural resources, finance, digital platforms and AI-enabled transformation.

J
Joanna
Capital Markets & Investor Relations
P
Pawel
M&A / Private Equity / Capital Markets
J
Jakub
Energy / Strategy / Business Development
M
Marek
Legal & Structuring
D
Dawid
Private Equity / Investment Advisory
11 · Execution Credibility

Why investors can
trust execution.

NEDA is built around sectors where capital alone is not enough. Success depends on the ability to align resources, power, grid access, land, permits, infrastructure delivery, sovereign priorities, commercial partners and long-term capital.

Strategic infrastructure origination

Power-backed site development

Resource-to-grid-to-data-center logic

Industrial asset repurposing into AI-ready infrastructure

Utility and infrastructure modernization

Cross-border structuring and stakeholder alignment

Sovereign and institutional partnership development

SPV-based project execution and capital formation

12 · Invitation

Partner with NEDA Fund.

NEDA Fund is engaging qualified investors, family offices, sovereign-linked partners, infrastructure investors, corporate strategics, GP partners, co-GPs and project-level co-investors.

We welcome partners who understand that the next AI infrastructure cycle will be won not only by owning algorithms, but by controlling the bottlenecks that allow AI to exist: power, grid, cooling, land, data-center infrastructure and sovereign digital systems.

Join NEDA in building the physical foundation of the AI economy.

Important Disclaimer

This website is for informational and discussion purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities, fund interests or investment products. Any investment opportunity will be made only pursuant to definitive offering documents, subscription materials and applicable legal, regulatory and tax review. Fund structure, terms, target size, fees, governance and investor eligibility remain subject to final documentation and approval. Indicative terms shown are for discussion only.