# IOI Capital

IOI Capital is an Asset Manager based in Abu Dhabi, United Arab Emirates.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Abu Dhabi, United Arab Emirates
- **Region:** Middle East
- **Address:** Abu Dhabi, United Arab Emirates
- **Assets under management:** Undisclosed
- **Website:** www.ioi.capital
- **LinkedIn:** https://www.linkedin.com/company/ioi-capital

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Media & Entertainment
- Telecommunications
- Real Estate
- FinTech
- Energy Transition & Renewables
- Enterprise Software

## People

- Rashit Makhat — Founder & Managing Partner
- Rashad Kurbanov — Co-founder
- Hamid Gayibov — Co-founder

## Questions

### Who runs investment decisions at IOI Capital?

Rashit Makhat is the Founder and Managing Partner, serving as the firm's most visible investment principal. Co-founders Rashad Kurbanov and Hamid Gayibov are primarily associated with the Iownit platform, though their exact roles in IOI Capital's investment committee are not publicly documented. No additional investment professionals have been disclosed.

### How is Iownit related to IOI Capital?

Iownit is an affiliated platform co-founded by IOI Capital's Rashad Kurbanov and Hamid Gayibov. It enables fractionalized ownership of alternative assets — including fine art, where IOI Capital co-invested with ArtBnk to tokenize Günther Förg's "Ohne Titel" for US investors. The two entities appear to share founder-level governance but operate as distinct legal vehicles within a broader holding structure.

### Where does IOI Capital invest geographically?

The firm's headquarters is in Abu Dhabi, with confirmed investment activity in the GCC, Uzbekistan (via NRG Uzbekistan), and broader Central Asia. Its liquid portfolio and US-based fractionalized art offerings, executed through ArtBnk and Iownit, indicate some dollar-denominated exposure. No dedicated offices outside the UAE have been disclosed.

## Related profiles

- [IOG Capital](https://altss.com/profile/iog-capital)
- [Iolar Ventures](https://altss.com/profile/iolar-ventures)

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Last updated: 2026-08-11T02:43:31.692Z

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