Current Investments
UK REAL ESTATE
MENA Capital co-invested in the acquisition of Maple House, a 59,803 sq.ft five-storey, fully occupied Grade B office building in Birmingham, United Kingdom. The investment strategy entails acquiring approvals from the Birmingham City Council (BCC) to convert the property into purpose-built student accommodation. The investment will then be exited by selling the building with planning permission to an investor who will undertake the development of the project. Planning application was submitted to the BCC during the last week of April 2024.US REAL ESTATE PORTFOLIO
A portfolio of industrial properties managed by Brennan Investment Group, a portfolio of 4 office properties occupied by Vanguard Group, investments in Starwood Group’s Real Estate Funds as well as a portfolio of service retail properties across the US. The underlying properties in the industrial, office & service retail portfolios are well occupied and located in strong markets across the United States. These are yielding investments and have a target term of 5-10 years.
NORTH AFRICA PORTFOLIO
The North Africa Portfolio is a private equity fund that invests in the growth
markets of North Africa viz. Egypt, Libya, Tunisia, Algeria & Morocco. The
Fund targets investments in growth capital in mid-size businesses poised to
become market leaders in the North Africa region. The Fund will primarily
invest in the defensive sectors of fast moving consumer goods (“FMCGs”),
healthcare services, education, pharmaceuticals, industrial and financial
services.ISQ GLOBAL INFRASTRUCTURE
Under a strategic partnership with I Squared Capital (“ISQ”), USA, MENA
Capital invested in the ISQ Global Infrastructure Fund, a globally
diversified portfolio of infrastructure assets that have low correlation, high
margin of safety and attractive risk-adjusted returns. The Fund focuses
on investments in energy, utilities and transportation infrastructure assets
in North America, Europe, select growth economies in Asia & Latin
America.CREDIT PORTFOLIO
The credit portfolio of MENA Capital comprises investments in mezzanine debt funds by HPS and a strategic solutions investment program by Goldman Sachs (GS). The HPS funds invest in mezzanine securities including subordinated debt, preferred equity and convertible securities. The GS platform seeks to directly originate credit and structured equity investments with structural protections and equity participations to generate attractive risk-adjusted value irrespective of prevailing market conditions.
NATURAL RESOURCES FUND
Natural resources focused fund that seeks to achieve superior risk-adjusted rates of return by investing in high quality natural resources assets, principally in the energy, metals and mining, and agriculture sectors, at significant discounts to industry comparables, predominantly in North America. The fund pursues a contrarian, value-oriented strategy whereby it focuses on three primary investment types: asset acquisition/build-up strategies, corporate carve-outs, and distressed investments. TECHNOLOGY/GROWTH FUND
MENA Capital’s Technology/Growth fund investments seeks to capitalize on the growth in the global internet industry by accessing leading managers in the growth, technology space that pursues non-controlling investments in private companies in the space. Currently, MENA Capital has investments in Goldman Sachs Access Funds that invests/co-invests in DST Global Funds as well as investments in Biz Stone’s inaugural venture capital fund. 
