Corporate Structure
Entity & Governance Framework
F2K operates through a regulated multi-entity structure that separates asset custody, investment management, and platform operations — with ring-fenced SPVs isolating project-level risk.
Founding Leadership
The Team Building F2K
Dennis McMahon
National Programme Director
Leads the national programme across both the Development Division and Social Housing Division. Responsible Manager #1 under the AFSL. Ultimate delivery accountability across the entire national portfolio.
Entity Roles
- → Director & Responsible Manager — F2K Housing Trustee
- → Director — F2K Housing Management (Investment Manager)
- → Director — F2K Operating
Uwe Jacobs
Finance Director
Oversees all financial operations across the fund and operating entities. Government payment terms, multi-manufacturer payment coordination, grant modelling, project margin tracking, and foreign exchange management for Asian manufacturer payments.
Entity Roles
- → Director — F2K Housing Trustee
- → Director — F2K Housing Management (Investment Manager)
- → Director — F2K Operating
Legal Entities
Four Entities. Separated by Design.
The entity that holds assets is separate from the entity making investment decisions, which is separate from the entity running the technology. Each project sits in its own SPV so one bad project cannot sink the fund.
Governance
Board of Directors
Chair
Oversight of all F2K fund structures and entities
RecruitingExecutive Director
Dennis McMahon — National Programme Director
ActiveExecutive Director
Uwe Jacobs — Finance Director
ActiveIndependent Director
Financial Services / AFSL experience
RecruitingIndependent Director
Construction / Manufacturing
RecruitingPeak Entity — Fill First
F2K Housing Trustee Pty Ltd
Holds all fund assets on behalf of unit holders. Legal owner of everything in the fund. Fiduciary duty to investors. Governed by Trust Deed. The AFSL application is lodged through this entity.
Director & RM #1
Dennis McMahon
Director
Uwe Jacobs
Responsible Manager #2
AFSL-experienced — regulatory requirement
Compliance Officer
AML/CTF, AFSL conditions (PT consultant initially)
Fund Administrator
Outsource to Apex Group / Citco
Fund Accountant
Outsource initially — AI handles 80% of NAV calc
Fill Second
F2K Housing Management Pty Ltd
Makes all investment decisions — which manufacturers to finance, asset allocation, risk management. Appointed by Trustee under Investment Management Agreement (IMA). Earns management fee + performance fee.
Development Division
Existing V1.0 portfolio — WA, TAS, QLD commercial & residential projects.
→ Dennis McMahon — National Programme Director
→ Uwe Jacobs — Finance Director
→ State PD — WA (existing)
→ State PD — TAS (existing)
→ State PD — QLD (existing)
→ Project Managers x 5-7
→ Site Supervisors x 6-8
Social Housing Division — New
National Central Integrator — government social housing delivery across all states. $70B+ addressable market.
Fill Third — AI-Native
F2K Operating Pty Ltd
Runs the tokenisation platform, KYC onboarding, admin console operations, and vendor management. Operational liability ring-fenced from fund assets. Designed AI-native — the platform self-operates for fund administration, compliance monitoring, NAV calculation, and reporting.
Director
Dennis McMahon
Director
Uwe Jacobs
Platform Operations Manager
When investor count >200
Created Per Project
Project SPVs (Special Purpose Vehicles)
Each project sits in a ring-fenced Pty Ltd or Unit Trust. Directors: Dennis + 1 Independent. No dedicated staff — managed by the Investment Manager with Site Supervisors assigned from the state pool. Cost recovered from project management fees (10-15% of construction value).
F2K WA Modular Housing SPV No. 1
Manufacturer loan, property lien, equipment lease
F2K NT Aboriginal Housing SPV No. 2
Government contract, land lease, manufacturer note
SPV N...
Created as projects are won
Design Principles
Separation of Concerns
Trustee
Holds assets, fiduciary duty
Regulated under Corporations Act; AFSL holder; Trust Deed governs all operations
Investment Manager
Makes investment decisions
If the IM fails, assets are still held safely by the Trustee under Trust Deed
Operating Co
Runs technology platform
Operational liability ring-fenced from fund assets; replaceable without impacting fund
SPVs
Isolate project risk
If one project fails, other SPVs and the fund are protected; limited recourse
Gnosis Safe
On-chain treasury control
3-of-5 multisig prevents single-point-of-failure for all blockchain operations
Custodian
Third-party key management
Insurance-backed institutional custody; regulatory requirement for MIS operations
AI-Native Operations
40% of Traditional Headcount
Every entity is designed AI-native. AI handles document drafting, compliance monitoring, NAV calculation, specification matching, tender response generation, logistics optimisation, and reporting. Human roles focus on relationships, judgement calls, regulatory sign-offs, and physical site presence.
Fund Admin & NAV
Traditional
2-3 staff
F2K
0 (outsourced + AI calc)
AI handles: NAV calculation, reconciliation, reporting
Compliance & AML
Traditional
2-3 staff
F2K
1 (PT consultant)
AI handles: Transaction monitoring, sanctions screening, report generation
Platform Operations
Traditional
3-5 staff
F2K
0 (self-operating)
AI handles: KYC queue, distribution calc, audit logs, monitoring
Tender Writing
Traditional
2-3 staff
F2K
0 (AI-assisted)
AI handles: Draft generation, specification matching, compliance checklists
Financial Reporting
Traditional
2-3 staff
F2K
1 (Finance Director)
AI handles: Automated reporting, margin tracking, FX monitoring
Project Cost Tracking
Traditional
1 per project
F2K
0 (AI per project)
AI handles: Cost forecasting, schedule variance, milestone tracking
~$1.5-2.5M / year saved
12-17 traditional roles replaced by AI-native operations
Join the Team Building F2K
We are recruiting globally for peak leadership positions. If you have the experience and share the urgency, we want to hear from you.
View Open Positions