Greenstone Equity Partners and Harith to collaborate on raising capital from GCC region for infrastructure projects in Africa
DUBAI, United Arab Emirates, September 2015 – Greenstone Equity Partners, one of the largest independent fund placement firms in the Middle East, announced its collaboration with South African-based Harith to raise capital from GCC region and direct it to the development of infrastructure projects in Africa.
The new partnership will focus on attracting funds for Harith’s latest offering, Pan African Infrastructure Development Fund II (PAIDF II), which requires around USD 1 billion in capital to invest in energy, telecommunications, transport and water projects, both Greenfield and brownfield, across the African continent. “Today, we are partnering with one of the largest domestic infrastructure fund managers in Africa that runs over USD 3 billion in assets under management, and together, combined with our expertise and regional market knowledge, we are confident that we can provide our clients with lucrative opportunities of high returns” said Omar Al-Gharabally, President of Greenstone Equity Partners. “There is a significant demand for infrastructure investments in Africa that is growing at a fast economic growth rate,” said Emile Du Toit, Head of PAIDF II at Harith.
“According to industry estimates, over 20 per cent of African households cite infrastructure as their primary concern, while a majority of businesses cite access to energy and transportation as their primary concern. Taking this into account, we see huge potential for investors from the Middle East region to invest in key projects available across the continent in the sectors of energy, telecommunications, transport, and water services. ”Pan African Infrastructure Development Fund II was formed to focus on projects in the areas of energy, transportation, information communications technology (“ICT”), health, water and sanitation. The Fund has already raised USD 439 million by June 2014, primarily from African institutional investors, and has identified a strong infrastructure deal flow of more than 28 projects with a total value of more than USD 11 billion in the key focus sectors.
Harith:
Headquartered in Sandton, South Africa, Harith has representative offices in Ghana, Ivory Coast and London. Harith has directly sown the seeds of infrastructure in over seven countries in the continent, as well as indirectly in a number of countries across Africa.
The sectors we are actively invested in are broad and range from communication, technology, transport, energy, water and sanitation. Our investment approach has been systematic and regional in its thrust and emphasis hence our investments, looked at in a different way, cover West, East, North and Southern Africa.
Greenstone Equity Partners:
Greenstone Equity Partners is a Dubai-based investment and advisory firm specializing in multi-sector, advisory, fund placement, investment, consulting and deal structuring transactions. Greenstone’s primary areas of focus are:
- Fund Placement
- Advisory
Greenstone provides its clients with advisory services and access to MENA-based sovereign wealth funds, institutional investors and family offices for primary and secondary placements. Greenstone places a strong emphasis on the geographical capital diversification needs of its MENA-based clients. Greenstone is generally engaged as a sole and exclusive MENA fund placement firm by global top quartile investment banks, asset managers and fund managers from both developed and emerging markets.
For more information, visit www.gsequity.com or contact:
Greenstone Equity Partners
Omar Al-Gharabally, President
+971 4 382 7600
omar.algharabally@gsequity.com
Golin MENA
Lina Ibrahim, Account Manager
+971 4 332 3308
librahim@golin.com
