QInvest, Qatar’s leading private investment group and one of the region’s most prominent Islamic financial institutions, has successfully exited a realty mezzanine ‘Murabaha’ transaction in the US that delivered a double-digit internal rate of return (IRR).
The transaction, backed by a diversified portfolio of 108 suburban commercial properties located across the US, generated a realised IRR in excess of 13% and further demonstrates QInvest’s global network and structuring expertise.
This transaction brings QInvest’s track record of completed exits to $858mn across 24 deals and funds with weighted realised cash IRR of 15.5%.
“As we rotate our capital towards new investments, we add to our strong track record of realised exits that positions QInvest as one of the top investment groups in the region. Our strong governance and risk framework, coupled with our ability to generate compelling cash returns, makes QInvest the preferred investment partner for clients in Qatar and abroad,” according to Tamim Hamad al-Kawari, QInvest chief executive.
In response to growing investor demand for more innovative and income-generating financial products, QInvest has launched series of “QInvest SQN Income Fund”, where the first and second versions of the fund were oversubscribed. This series offers shareholders and investors a unique opportunity to access income generating assets in developed markets.
It aims to pay out a net yield of 7% per annum on a monthly basis and has a targeted IRR of 8% to 9%, with tenure of five years. In the second half of 2018, QInvest will unveil new products targeting local investment opportunities in Qatar across sectors including healthcare, industrials, education, and agriculture.