Nisus Finance Services, an investment management firm specialising in structured finance, has informed that its Dubai-based fund advisor Nisus Finance Investment Consultancy FZCO has retained Houlihan Lokey, a leading global investment bank to assist in raising financing for the Nisus High Yield Growth Fund Closed-Ended IC and its associated projects.
Houlihan Lokey, a leading financial institution with a strong presence across the US, Europe, West Asia and the Asia-Pacific, specialises in mergers and acquisitions, capital markets, financial restructuring and financial and valuation advisory.
The Nisus High Yield Growth Fund is a DIFC-registered Category 3C fund, regulated by the Dubai Financial Services Authority as a Qualified Investor Property Fund. It focuses on acquiring high-yield, stabilised, rent-earning assets in the Gulf region, targeting a dollar IRR of over 20 per cent. The fund has already deployed $55 million in two prime Dubai properties, Jumeirah Village Circle and Al Furjan.
Nisus Finance currently manages three funds, including the Nisus High Yield Growth Fund Closed-Ended IC.
After its recent IPO, Nisus Finance Services plans to accelerate the growth of its Dubai-based fund with a targeted corpus of about $1 billion.
Investment strategy
Recognising its investment strategy, Banque Banorient France, a prominent European bank with a significant presence in the UAE, has sanctioned over AED 100 million to the Nisus Finance Fund to support its acquisitions.
Amit Anil Goenka, Chairman and Managing Director, Nisus Finance Services, said the participation of a top-tier global investment bank in Nisus fund’s distribution will be a game-changer as it has deep-rooted expertise in the GCC market and the partnership will be a catalyst in propelling the fund to unprecedented heights.
Vivek Anand Oberoi, Partner, Nisus Finance Investment Consultancy, said the partnership with Houlihan Lokey will play a pivotal role in scaling the fund portfolio into a high-quality institutional offering with the potential to reach multi-billion-dollar scale while delivering strong alpha returns.