1st June 2013
Langham Hall is pleased to announce that it has been selected to provide fund accounting and administration services to a debut Africa focused private equity real estate fund advised by British American Asset Managers Ltd (Britam).
The Asset Management Company within Britam is a leading fund manager and investment advisor in Kenya and was incorporated in April 2004 to fill a gap in the provision of quality fund management and investment advisory services to individual and institutional investors. The BAAM Real Estate Fund is seeking to raise and deploy third party capital into social infrastructure in East Africa. It will aim to produce long term capital appreciation for investors through identification, analysis, execution, management and exit of high quality property within the East Africa Region.
Rob Short, Managing Partner of Langham Hall commented ?We were very keen to work on this fund since it has a number of interesting features. The fund is using a Mauritius based limited liability company, is East Africa and social infrastructure focused and from such a prestigious fund management business?.
Edwin Dande of Britam commented ?this is an exciting and important venture for us and it was important to partner up with an administrator which had a proven track record in servicing private equity real estate funds?.