Operations Jan 2028 Unity 23 signatory nations · civil, judicial and public-service functions in daily useLive Zürich Cantonal civil registration migrated 2 January · counter hours unchangedLive Synthetics Greater Manchester placements extended into a third year · ten trustsLive X2 Supervised access cohort V open · second-anniversary report due MarchScheduled Mars qualification Surface power cleared for flight-qualifying test · propellant plant in analogIn review Mars Fund Second tranche closed · third tranche subscription openLive Civic Dolomiti Valtellina Games · partner and sponsor to the organising committeeLive Artemis IV Avionics delivered · landing targeted SeptemberOn track Investor relations
An investment committee around a long stone table before a seamless wall panel showing a milestone chart.

VirtuCorp Capital

Capital against gates.

Founded 1995. Institutional vehicles for the infrastructure we build and supply, released against milestones the programmes have to pass.

Milestone-gated

VirtuCorp Capital was established to fund our own infrastructure. It now manages institutional capital alongside our own, on the same terms and against the same gates.

A tranche closes, a gate is set, and the next tranche is contingent on the gate. Counterparties see the gate before they subscribe. It is why our counterparties are sovereign allocators and long-dated institutions.

Where the asset being financed is something we build or operate, the conflict is disclosed, priced and reviewed by the audit committee, and related-party transactions are reported in the annual accounts.

The vehicles

The Mars Infrastructure and Logistics Fund is in its third tranche, gated on the 2030 go-decision. The first tranche is deployed and the second is subscribed by United States, European and Gulf sovereign counterparties.

The Infrastructure Capital Vehicle opened in 2024 and expanded through 2026, in the power, cooling and land that large institutional workloads consume. We are a price-setter in a market we also depend on, and the risk memorandum treats our position there as an exposure to be managed. It is open to subscribers, and the audit committee reviews the related-party position at every meeting.

Tokenised space-asset offerings give fractional exposure to qualified flight and surface assets, with settlement and the register held on the risk platform.

Care and civic infrastructure reached first close in 2027 with two European pension counterparties: long-dated financing for the buildings and the services our civic and care placements work inside. The institution is the operator.

The risk platform itself is live, with a space-logistics extension added this year. It is what counterparties use to see gate status, exposure and manifest position.