Plain-English economics. Sovereign-grade certainty.
The return on investment is triggered by the financial close of the master development agreement and the formation of the Public Private Partnership. ROI is not dependent on construction completion or operational revenue. Seed investors can exit early or choose to remain and participate in the £5B pool fund.
Nyurlam is working towards a Master Development Agreement and a Public Private Partnership Agreement with the Gelephu Mindfulness City, to create the master plan and assemble a £5B pool fund for construction. The commercial terms include an arrangement fee on assembly of the pool fund, secured through the sovereign PPP framework, not derived from construction risk or development execution.
The £11,5M seed round funds the final Phase I work required to reach that point — feasibility studies, masterplanning, legal structuring, and institutional financial modelling — enabling execution of the MDA and activation of the arrangement fee.
Seed investors participate directly in that fee position with a target return of 2-2.5x at MDA financial close. The return event is the financial close of the sovereign PPP, not construction or operations. Seed investors therefore enter at the capitalisation stage and exit prior to development risk.
Detailed cap table and fee participation structures are available upon request through our data room.
Nyurlam follows the disciplined capital formation pathway used by major global infrastructure platforms — reducing risk at each stage while unlocking progressively larger pools of institutional capital.