Thursday 18 September 2014

Eskom Pension and Provident Fund Commits USD9.5m to IHS Fund

Eskom Pension and Provident Fund, South Africa’s second largest pension fund, will invest ZAR100m (USD9.5m) in International Housing Solution’s second fund, which targets investments in affordable low-cost housing, including student housing. HIS has...

Novare to Raise Second PE Property Fund

Novare Private Equity have announced that they will raise a second, USD250m fund for real estate investments, focused on Nigeria and other West African countries. The first fund, closed three years ago, will have given them a useful practice run in a...

International Housing Solutions Raise USD63m for Second Fund

Real estate private equity investor International Housing Solutions (IHS) have reportedly raised a good USD63m for their second fund, IHS Fund II. The World Bank Group’s International Finance Corporation (IFC) has committed to funding of USD25m, and South...

Private Equity for (Low-cost) Residential Housing?

South African Business Day point out that private equity firm International Housing Solutions (IHS) had to venture abroad to find funding for residential property investments: there is limited interest among South African institutions, and HIS had to...

ECP Portfolio Company Raises USD1.035bn

Emerging Capital Partners (ECP) investee company IHS Mauritius Ltd has raised USD1.035bn in additional equity and debt funding to fund tower upgrades and new tower purchases. Normally, we would not track news on PE fund investee companies – it would...

Actis to Lead USD1.5bn in Real Estate Investments

In an interview with Bloomberg, Actis’ director of the firm’s sub Saharan Africa real estate unit Kevin Teeroovengadum stated that they would lead real estate investments of up to USD1.5bn. Part of this funding will come from the proceeds of Actis’ second...

Actis’ Kenya Property Investment Stalls over Land Dispute

Actis’ construction of a 15,000 square feet office block on Nairobi’s Ngong Road, an expansion of the firm’s 2004 Business Park, has stalled following a land ownership dispute with the Kenya Forestry Service., Business Daily reports. Construction had...

PAHF Announce First Close of USD41.5m

The Phatisa-managed Pan African Housing Fund (PAHF) has announced its first close of USD41.5m. The fund aims to raise a total of USD100m, with fundraising to be completed in 2013. The African Development Bank (AfDB) had earlier committed USD7m to the fund...

Actis Closes Africa Real Estate Fund 2 at USD278m

Emerging markets PE firm, Actis has closed its second Africa real estate fund at USD278m. Actis says this makes them the largest private equity real estate investor on the continent ‑ and we can’t think of anyone from the PE world who has raised or...

Actis Win Euromoney ‘Best Developer in Africa’

Actis have won ‘Best Developer in Africa’ in Euromoney’s 8th global real estate survey – official recognition of the private equity firm’s track record in investing in the real estate sector on the continent. Actis launched their first real estate fund in...

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