A new type of material, a "nanobursa" mesh (from "bursa" meaning "sac or pouch"), is introduced. This material consists of sequential layers of porous polymeric nanofibers encapsulating carbon nanotubes, which are functionalized with different metal nanoparticles in each layer. The nanobursa mesh is fabricated via a novel combination of twin-screw extrusion and electrospinning. Use of this hybrid process at industrially-relevant rates is demonstrated by producing a nanobursa mesh with graded layers of Pd, Co, Ag, and Pt nanoparticles. The potential use of the fabricated nanobursa mesh is illustrated by modeling of catalytic hydrocarbon oxidation.