Desert horizon at sunset with faint utility-scale infrastructure on the far middle distance
Khamsin Capital

Climate infrastructure capital for the MENA middle market.

Khamsin Capital Fund I invests $10 to $25 million equity cheques into contracted climate infrastructure across MENA. A DIFC-domiciled first-time fund, built by a team with prior Gulf sovereign platform experience and a focused regional execution mandate.

Fund I  |  DIFC  |  MENA Climate Infrastructure  |  Target $200M

MENA's energy transition is becoming an infrastructure capital cycle. Khamsin Capital Fund I is built to invest in the middle-market assets behind that shift, where cheque sizes are below the threshold of global infrastructure platforms and beyond the mandate of venture capital. A first-time vehicle led by a team with prior Gulf sovereign infrastructure platform experience.

$162M
Attributed capital deployed by Yousef Al-Rashid at Masdar Capital. Six MENA renewables and storage deals sourced and led between 2017 and 2024, with a blended 1.9x at exit-or-FMV.
Attributed track record reflects Yousef Al-Rashid's prior role at Masdar Capital. It is not the track record of Khamsin Capital Fund I.
$85M
Current live pipeline across four identified opportunities. UAE distributed solar, Saudi battery storage, Egypt grid-scale solar repowering, and Oman green ammonia.
Pipeline opportunities are subject to diligence, documentation, IC approval, and fund closing.
2.0x
Base case net MOIC target for Khamsin Capital Fund I. The fund targets 2.24x gross MOIC, 19% gross IRR, and 16% net IRR in the base case.
Return targets are illustrative and do not represent a guarantee of future performance.
Yousef Al-Rashid
Managing Partner

Nine years at Masdar Capital, Partner from 2021. Led the MENA renewables practice, sourcing and leading six attributed deals across utility solar, battery storage, distributed energy, and wind. Two full exits at 2.4x and 3.1x. Mechanical Engineering, Imperial College London. INSEAD MBA. Previously Bechtel and Mubadala Energy.

Layla Mahmoud
Founding Partner

Eight years at IFC's MENA infrastructure desk, specialising in DFI co-investment structuring and ESG underwriting. Brings active relationships across IFC, EBRD, FMO, and Proparco. LSE Economics. Based between Cairo and Dubai.

This is a smart deck: one URL connecting the pitch, memo, model logic, diligence views, and exportable LP materials. Built with Top Tier Advisory as an interactive fund document, not a static attachment.

Prepared as a discussion document for accredited LPs. Khamsin Capital Fund I, DIFC-domiciled, 2027 first close target.