IOI Capital

IOI Capital

IOI Capital was established in Abu Dhabi by founders Rashit Makhat, Rashad Kurbanov, and Hamid Gayibov. Kurbanov and Gayibov are also listed as co-founders of Iownit, a platform for fractionalized ownership of alternative assets, which constitutes a core operational subsidiary rather than a passive portfolio holding. The firm's geographic anchor is the UAE, with project exposure extending into the GCC and Central Asia. IOI Capital deploys capital across real estate, telecommunications, media, fintech, and green energy — a deliberately broad remit. The real estate book includes mixed-use development through NRG Uzbekistan and green construction projects across the GCC and Central Asia. On the technology side, the firm holds exposure to digital platforms: its portfolio company Footprints was accepted into the Microsoft Pegasus Program, an accelerator for enterprise startups building on Microsoft technologies. The firm also co-invests with ArtBnk in fractionalized fine art, including the tokenization of Günther Förg's "Ohne Titel" for the US market. A liquid portfolio of unspecified composition rounds out the deployment model, which blends venture, real asset, and secondary-market exposure. IOI Capital maintains a lean disclosed team. Makhat serves as Managing Partner and is the most visible principal. Kurbanov and Gayibov operate primarily through the Iownit platform as co-founders, while Benjamin Steiner of SIR Advisors has a history as a registered representative for related entity IOI Capital and Markets. The firm also operates the IOI Foundation, a philanthropic vehicle whose separation from the investment entity is not publicly detailed. No AUM, headcount, or recent fund closes have been publicly disclosed. Structurally, IOI Capital does not resemble a traditional blind-pool fund manager. It functions as a hybrid holding company and operating platform, with a subsidiary (Iownit) that fields its own product in the fractional-asset space. That architecture allows the firm to originate deal flow through its own ecosystem rather than relying solely on intermediated access. The generalist sector spread and geographic breadth across Central Asia and the GCC suggest a mandate tied to specific founder networks and local market access, rather than institutional LP aggregation.