Institutional
Venture Platform.
Built to Own
the Thesis.

Fifteen years of Operations in the India : US corridor. Now operating in Guyana.

Corporate Overview 2026 Confidential Walsh Karra Holdings LLC 01 / 15
§ 01of five Walsh Karra Holdings Corporate Overview · 2026
Section One

Thesis.

Three forces are reshaping the flow of institutional capital. WKH positions at the locus where they converge.

In this section
03. Materials. AI. Built by Operators. 03
04. Four Pillars. One Thesis. 04
Thesis · Position · Platform · Capital · Team 02 · of 15
Investment Thesis

Materials. AI.
Built by Operators.

The economy is transitioning to robotics and AI. That transition runs on critical minerals and the institutional engineering to refine, credential, and deploy them. WKH positions capital at that locus.

One thesis, four pillars: mineral rights and Mineral Passport offtake in Guyana; sovereign-grade data centers and agentic operations across the India / US corridor; AI and blockchain for institutional finance; regenerative real estate and thesis-aligned ventures. Operating today. Scaling now.

The Locus Materials · AI · Institutional Engineering
I.
Robotics & AI
The new substrate of the economy. Sovereign compute, DCaaS for real-time workloads, agentic automation for regulated industries.
Operating Engine Seismic · SimplyFI · Evionics
II.
Critical Minerals
The physical input for robotics, AI hardware, and energy. HGI-held mineral rights in the Guiana Shield; Earth to Market as the verification and Mineral Passport layer.
Anchor Position HGI · Earth to Market
III.
Institutional Engineering
The India/US Nexus: fifteen years of AI + blockchain and enterprise infrastructure delivery, now extending into Guyana on the same playbook.
Nexus Extension India · US · Guyana
Walsh Karra Holdings LLC · Confidential 03 / 15
§01.iv · Portfolio Architecture
Four pillars,
one thesis.
The digital substrate for
real-world value.Credentialed Resources/Sovereign AI/Operating Ventures
Operating Engine
Cash-flowing platforms.
DCaaS, fintech & aerospace, India/US corridor.
$25M
Combined Target
Scaffolding
Real assets & optionality.
Anchor real estate plus HealthTech, EV, IoT, Space bets.
$45M
Combined Target
Forward Position
AI infrastructure.
Seismic360 DCaaS on Equinix · SeiOps360 agentic ops.
$100M
Fund Target
Anchor · Lead
Mineral rights, verified.
Five gold blocks, Guiana Shield, Aranka district · GGMC permitted.
$500M
Fund Target · Lead
Walsh Karra Holdings LLC · Confidential Total target, $670M across four operating pillars. 04 / 15
Section 02 · Position

Positioned, in Layers.

The platform, stacked. Capital already deployed, current value, portfolio composition, and the mechanisms that carry it to exit, as of Q1 2026.

01 Capital Deployed
02 Current Value
03 Portfolio Mix
04 LP & Exits
01
GP Capital at Work.
Operator capital already deployed into nine portfolio entities. Alignment is structural, not contractual, WKH is invested on day one of every deal.
$10M+GP Deployed
9Entities
02
NAV on Trajectory.
Current internal fair value of $200M, against a 2026 target of $450M. A blended 20× MOIC across vintages is the underwriting baseline, not the upside case.
$200MQ1 2026 NAV
$450MTarget
20×MOIC
03
Balanced Composition.
Nine entities across stages, five seed, two early, two growth, with four already profitable and two at breakeven. Every layer is actively managed, not parked.
5 / 2 / 2Seed / Early / Growth
4Profitable
04
LP Tiers & Exit Paths.
Strategic, SME, and Standard LP bands from $100K to $5M+. Exits structured through M&A and IPO on a three to five-year realization horizon.
3LP Tiers
M&A · IPOMechanisms
3–5 yrHorizon
Section 02 of 05 · Position 05 / 15
Plate VI · Performance

The Platform in Numbers.

GP Capital Deployed $10M+ Across all verticals
Portfolio Entities 9 Seed through growth stage
Current NAV $200M Internal fair value · Q1 2026
2026 Target NAV $450M $250M incremental
Target MOIC 20× Multi-vintage blended
I · 01
Alignment
Skin in the Game.
9/9entities with GP co-invest
WKH invests GP capital in every portfolio entity. Alignment of interest is structural, not contractual.
→ Alignment signal
I · 02
Engagement
Active Operations.
100%operator-led from formation
Direct technology and operational engagement with every portfolio company, from formation through exit.
→ Integration signal
I · 03
Footprint
Cross-Border Platform.
6 jur.U.S. · Cayman · PT · UAE · SG · GY
Registered entities across six jurisdictions, sequenced by capital, operations and strategic need.
→ Scale signal
Source: WKH internal reporting. Past performance does not guarantee future results. 06 / 15
§02.ii · Portfolio Readout

Nine entities, balanced by design.

Stage, profitability, LP alignment, and exit paths · read as one integrated portfolio, not four disconnected tables.
07·A
Stage Mix
Weighted to early conviction.
Seed
5
Early Stage
2
Growth
2
Five seed, two early, two growth · every dot actively operated, none parked.
07·C
LP Structure
Three tiers, one alignment.
Strategic LP
> $5M
Multiple Funds
SME LP
$500K – $5M
Specific Funds
Standard LP
$100K – $500K
Single Fund
Tiered access sized to conviction, with GP capital alongside at every band.
07·B
Profitability
Four already cash-positive.
4
Profitable
2
Breakeven
3
Pre-Revenue
Two-thirds of the book is at or beyond cash neutrality · rare posture for an early-stage fund.
07·D
Exit Strategy
Dual mechanism, banded horizon.
M&A
IPO
3-Year
Tuck-in
Strategic bolt-on to thesis-aligned consolidators.
Selective
Interim liquidity for growth-stage entities with public-market fit.
5-Year
Platform
Full-book realization for integrated operating platforms.
Listing
Public offering with full LP distribution at terminal vintage.
Two paths, two horizons · underwritten in parallel, not chosen after the fact.
Walsh Karra Holdings LLC · Confidential 07 / 15
Section 03 · Platform

A Platform, in Two Movements.

How WKH is built
and where it operates.

Structural alignment, not contractual · the GP funds before LPs and operates inside every portfolio company. Cross-border by construction: six jurisdictions, four continents, one operator cadre.

Forward in this section
09 · Differentiation

The WKH Advantage.

Four structural differentiators that compound. GP capital is the anchor · founder-operator execution, cross-border architecture, and thesis-first allocation extend it into an edge LPs cannot replicate.

01 GP Capital in Every Deal $10M+ · Anchor
02 Founder-Operator Model Studio, not fund
03 Cross-Border Architecture 6 jurisdictions
04 Thesis, Not Sector Macro-mapped
10 · Architecture

An Atlas of Six Jurisdictions.

Deal sourcing and LP structuring wherever capital prefers to live. U.S. and Cayman anchor the stack; Portugal, Dubai, Singapore, and Guyana extend reach across Europe, the Gulf, Asia, and South America.

01U.S.
02Cayman
03Portugal
04Dubai
05Singapore
06Guyana
Section 03 of 05 · Platform 08 / 15
§03.i · Differentiation

Not a Fund.A Platform for Structural Alignment.

Fund → WKH
WKH
Operator-GP
Structural · Not Contractual
CALLOUT 01 · N
BEARING 000° · 01 / 04
N · Anchor

GP capital in every deal.

Fund
Allocates LP capital.
WKH
Puts its own balance sheet on the cap table first.
$10M+ deployed · day-one cap table.
CALLOUT 02 · E
BEARING 090° · 02 / 04
E · Reach

Cross-border by construction.

Fund
Invests from one jurisdiction.
WKH
Operates across six · the deal flow follows the footprint.
6 jurisdictions · 4 continents.
CALLOUT 03 · S
BEARING 180° · 03 / 04
S · Allocation

Thesis, not sector.

Fund
Picks a vertical and stays in it.
WKH
Follows three theses wherever they route.
Minerals · sovereign AI · regenerative.
CALLOUT 04 · W
BEARING 270° · 04 / 04
W · Execution

Founder-operator model.

Fund
Writes cheques and takes a board seat.
WKH
Builds the venture studio around each bet.
Venture studio · not a passive fund.
Walsh Karra Holdings LLC · Confidential 09 / 15
Plate X · Cross-Border Architecture

An Atlas of Six Jurisdictions.

01Charlotte
02Cayman
03Portugal
04Dubai
05Singapore
06Guyana
WKH · Plate X · Operating Jurisdictions · 2026
Thesis Note · Guyana Dubai, two decades ago: small population, new regulatory frameworks, sovereign-backed ambition. Early investors participated in a generational re-rating. Guyana sits at that inflection today, sovereign-grade geology on the Guiana Shield, a disciplined regulatory perimeter, and 47% average GDP growth 2022–2024, the world's fastest (IMF). A hub, not a portfolio line.
01
Charlotte
35.23° N · 80.84° W
Headquarters. U.S. domicile. Opportunity Zone real estate. Institutional LP home base.
02
Cayman Islands
19.30° N · 81.20° W
Master Feeder. International LP vehicle. Channels capital into the U.S. platform and the Singapore APAC structure.
03
Portugal
38.72° N · 9.14° W
European Hub. Aniza regenerative real estate platform. Origination perimeter across the EU.
04
Dubai
25.27° N · 55.30° E
MENA Hub. Sovereign capital partnerships. Middle East deal origination and structuring.
05
Singapore
1.35° N · 103.82° E
APAC Anchor. Asia-Pacific structuring. Sovereign-aligned capital partnerships across Southeast Asia.
06
Guyana
6.80° N · 58.15° W  ·  STRATEGIC GROWTH HUB
Strategic Growth Hub. Critical-minerals origination on the Guiana Shield. Aranka district gold. A frontier jurisdiction with sovereign-grade geology and a compressed growth curve. See marginalia.
Walsh Karra Holdings LLC · Confidential 10 / 15
FIG. 04 · DEPLOYMENT HORIZONS V.2026 · WAVE I–III
04
Capital · Seven Verticals · $570M
§ 04of five · Walsh Karra Holdings
Section Four

Capital.

Three deployment waves. $280M live on Wave I, $570M lifetime target. Each vertical sized to the demand it serves.

WAVE I · Q2 2026
$280M
active raise · first close
WAVE II · 2027
$150–200M
gated on listing milestones
WAVE III · 2028+
$90–140M
gated on Wave II deployment
cumulative target · $570M
$570M active raise · $280M Q2 2026 · Waves II/III gated on first close & listing milestones 11 / 15
I
§ 04Capital

Thesis, in Action.

Seven verticals, load-bearing from the ground up. Earth to Market carries the foundation; AI, Health, Climate, Space ride on top as the forward bet.

Foundation
Platform
Frontier
Space · Deep Tech Pipeline under evaluation $3M of $5M
Climate Tech One entity seeded · two under review $3M of $10M
HealthTech One entity seeded · pipeline in development $5M of $15M
AI & Blockchain $3M AI ITSM · $2M structured settlement $5M of $15M
Data Centers One datacenter in term sheet $5M of $15M
RE & Infrastructure Aniza Portugal $7M · Waxhaw USA $2M $9M of $20M
Wave I active raise · seven verticals, thesis-weighted. Feeder via Cayman. 12 / 15
Strategy · Value Chain

From Thesis to Team.

Five links, one continuous operation. Thesis sets the direction. Position anchors the jurisdictions. Platform builds the rails. Capital funds the moves. Team runs every link · GPs with GP capital in every deal, operators on the ground in every jurisdiction where capital is deployed.

I
Direction
Thesis.
Four pillars · Earth-to-Market, Real Estate, AI & Data, Deep Tech. One operating thesis across them.
Authored by
Greg WalshCo-Founder · GP Phani KarraCo-Founder · GP
II
Jurisdictions
Position.
Charlotte · Cayman · Portugal · Dubai · Singapore · Guyana. Assets sit where the thesis clears.
Anchored by
Sarah-Ann LynchFormer U.S. Ambassador · Gov't Affairs Tina WalshRE Europe Sudheer PadiriRE ME & APAC
III
Operating Rails
Platform.
Tech, ops, and infrastructure under one roof · the rails every pillar deploys over.
Built by
Narendra NerlaGlobal Operations Viswanadh AkellaTechnology Swapna AyyalasomayajulaRE USA
IV
Funding
Capital.
$570M Wave I. $280M committed. GP capital in every deal · skin across the full stack.
Formed by
Alik HincksonStrategic Investments Aurelio UsecheCapital Formation · IR Lawrence PhippsGlobal Strategy
V
Execution
Team.
Operators, not advisors. 200+ years combined. Every name runs a link in the chain.
All hands
Jimmy MolinaInvestments & RE The full rosterEach link owned by a principal
Unlocks
Alignment.
Unlocks
Reach.
Unlocks
Leverage.
Unlocks
Scale.
Unlocks
Compounding.
§ 05 · Team Advisor teams give advice.
Operator teams own the outcome.
Walsh Karra Holdings LLC · Confidential 13 / 15
Vol. I · Issue 2026 § 05 · Team Charlotte · Cayman · Porto · Dubai · Singapore · Guyana

The Masthead.

Twelve operators. Two hundred years. Every name active
Founders
General
Partners
Two principals
Co-Founder · General Partner
Greg Walsh
Builds conviction where others see complexity. Capital, thesis, and the long view.
Co-Founder · General Partner
Phani Karra
Builds durable structure across borders, asset classes, and cycles.
Strategy
Capital
& Counsel
Four principals
Strategic Investments
Alik Hinckson
Global finance & structuring.
Global Strategy
Lawrence Phipps
Brand, marketing, market development.
Advisory Board
Sarah-Ann Lynch
Former U.S. Ambassador · Gov't affairs.
Advisory Board
Aurelio Useche
Capital formation & institutional IR.
Execution
The
Operators
Six principals
Investments & RE
Jimmy Molina
RE · Europe
Tina Walsh
Global Ops
Narendra Nerla
RE · USA
Swapna Ayyalasomayajula
Technology
Viswanadh Akella
RE · ME & APAC
Sudheer Padiri
Printed privately for counterparties and limited partners. Operators & Advisors Walsh Karra Holdings LLC · 14 / 15
WKH
Walsh Karra Holdings

Build with us. Own the thesis.

Institutional venture platform · GP capital in every deal · Seed through exit

Co-Founder · General Partner
Greg Walsh
Builds conviction where others see complexity. Capital, thesis, and the long view.
greg@wkhglobal.com
&
Co-Founder · General Partner
Phani Karra
Builds durable structure across borders, asset classes, and cycles.
phani@wkhglobal.com
Walsh Karra Holdings LLC Charlotte · Cayman · Portugal · Dubai · Singapore · Guyana · India Confidential · 2026
This document is for informational purposes only and does not constitute an offer to sell or solicitation to buy securities. Past performance does not guarantee future results.
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