The Spotlight - Edition 13 - September 2024

This month we have launched?Mnaara Global Income Fund, a trade finance strategy designed to provide steady short-term investment returns, secured by physical commodities.

As a private financing strategy, the fund targets a significant premium over deposit rates with quarterly distributions and flexible withdrawal options; allowing investors to access their capital if needed.

Why Private Financing Remains a Preferred Choice

This Month's Events

IFN UK Forum 2024

Europe’s longest-running Islamic finance conference.

At the global event attracting bankers, investors, intermediaries, and service providers, Mnaara’s Managing Director, Saad Adada, participated in a panel discussion centered on Private Markets and Their Potential in Islamic Financial Markets.

Key Panel Topics:

• The increased accessibility to private markets, once exclusive to institutions and ultra-wealthy investors.
• The significant growth potential and income opportunities now available to a broader range of investors, especially those seeking Shariah-compliant investment options.

Mnaara’s New Feature

Consolidated portfolio dashboard

With our new feature, you can now input your other private market investments alongside your Mnaara investments to track your overall portfolio allocation.

Market Updates

• Bain Capital Life Sciences has raised its fourth fund with approximately $3 billion in total commitments, including $2.5 billion from existing and new investors, with the balance from Bain Capital partners, employees, and affiliates.

• TPG is in discussions to acquire a stake in Europe’s largest second-hand fashion platform, Vinted, valuing the company at €5 billion. Vinted has seen rapid expansion, making it an attractive target for TPG.

• Schroders Capital, the $97.3bn private markets business of Schroders Group, has raised over $2.6bn for PE direct and co-investments since January 2022, with the most recent milestone being the €400bn close of the firm's Private Equity Europe Direct III fund.

• Blackstone has acquired an 80% stake in a European logistics portfolio from Burstone, further expanding its position in the e-commerce-driven warehouse sector.

Market Trends

• According to Preqin, global alternatives AUM could rise from $16.78 trillion in 2023 to $29.22 trillion by 2029. Private equity is expected to double to $11.97 trillion, driven by the increased interest of non-institutional investors. Meanwhile, private debt AUM is forecasted to hit $2.64 trillion, with IRRs increasing to 12%.

• The recent decline in interest rates is boosting private equity activity by lowering borrowing costs, making leveraged buyouts more attractive. According to various reports, companies benefit from increased cash flow and higher valuations, enhancing opportunities for acquisitions and exits in private markets as financing becomes more accessible.

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*As with any investment, your capital is at risk. Don't invest unless you're prepared to lose all the money you invest.