Good morning, Jane Doe

Sahm Ventures · Wisewell book (pipeline live) · Monday, 5 October 2026 · figures as of Q2 2026

Fair-value mark · as of 2025-05-31

$16.0mm

HOLD · Capiva 58.4/1005 rounds · $6.4mm raised

TVPI2.48xnet

Net IRR38.6%top quartile

Gross MOIC1.70xon invested

DPI—realised

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Funding marks · Wisewell roundsJ-curve past the dip

2.7x1.9x1.0x2021-052022-092025-052.48xCapiva 58.4 · HOLD

TVPI2.48x DPI—Net IRR38.6%Dry powder$72k

Portfolio health Open portfolio

6 on track 1 watch 1 at risk 1 update overdue

Deployment pace Open capital

57% deployed6.7 deals a year (target 6–8)$38.3m dry powder

Runway watch Bars show runway against an 18-month safe lineAll holdings

Athar Carbon3.5 monthsPivot underway · bridge needed before Q1 Sanad Health7 monthsGrowth slowing · competitor raised $40M Barq Mobility11 monthsBurn up with expansion · Series A in market

Allocation by sector vs mandate

Traveltech 26%Mobility 22%Healthtech 21%AI infra 10%Regtech 10%Other 12%

Where value came from Open bridge

Wisewell+$16.0m

Upcoming Calendar

TodayTamweel Pay founder call · note-taker joins FriIC weekly · 2 deals 14 OctBarq board meeting · board pack drafting 20 OctCapital call #4 · $8.0mm · draft 29 OctQ3 LP report due · ILPA 60-day

Pipeline Open pipeline

Active deals548 new this month

Weighted value$27.4mmprobability-adjusted

Sourced0 Screening0 Memo0 Diligence1 IC0 Closing0

At IC this week: Tamweel Pay, Hakeem

Mandate headroom All guardrails

Largest company · Wisewell100% of single-name bookOnly live portfolio company in the KG export Capiva decisionHOLD of 58.4/100Runway combines the last reported cash balance (2023-12-31) with the latest burn period (2024-04-30); treat it as indicative.KG coverage886 of 1113 edges140 semantic · 744 documents BioCypher exportwritten of 886/1113Offline CSV + neo4j-admin import call

Data and audit readiness Sources

NAV market or model supported86%

Figures high confidence92%

Marks awaiting sign-off1 Stale inputs, older than 30 days2 Decisions logged this quarter38

What changed this week Sectors & themes

Athar Carbon2hCarbon prices down 30%Runway falls to 3.5 months Sanad Health1dCompetitor raised $40MPricing pressure likely in KSA Pipeline2dUAE open-banking rules publishedTailwind for Mizan and Tamweel Pay Market3dMENA fintech funding up 22%Series A medians rising