Publications

Fundraising - AUGUST 3, 2015

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Africa real estate fund has second close

by Zoë Wolff

Momentum Africa Real Estate Fund held a second close of $103 million on July 31, according to a spokesperson for Momentum Global Investments. The opportunistic fund focuses on office, retail and light industrial properties in sub-Saharan Africa, excluding South Africa.

The Momentum Group has invested $10 million in the fund, which held a first close of $47 million in January 2015. The fund expects to hold a third and final close in early 2016 and is hoping to raise a total of $250 million in equity.

The fund has received investments from institutional investors and family offices. It is targeting returns of 18 percent to 20 percent.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy