stanlib fund overview
DESCRIPTION
Brief powerpoint deck outlining Stanlib international real estate funds. Includes financials, fund breakdown, and brief analysis.TRANSCRIPT
![Page 1: Stanlib Fund Overview](https://reader034.vdocuments.net/reader034/viewer/2022042522/55cf9331550346f57b9c9e5f/html5/thumbnails/1.jpg)
Alex Apostolopoulos / November 18 2014
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Basic Facts
• One of South Africa’s largest investment funds• AUM R561 billion (~51B USD)• 400 000+ retail and institutional clients• Presence in 8 African countries• “Sister company” to Standard bank and
Stanbic• Recently approved to manage REITs in Kenya,
one of the country’s first appointments
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Ownership Structure
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Leadership Structure
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Key FundsGlobal Property Fund• Consists primarily of global property company
shares and REITs benchmarked against UBS Global Real Estate Investors Index
• Significant holdings include:– Westfield Group & Retail Trust (AUS)– Wharf Holdings Ltd. (HK)– British Land Co PLC (UK)– American Campus Communities Inc. (US)– Simon Property Group Inc. (US)
Global Balanced Fund• A conservative fund primarily in REITs, equities, and
some property assets• Significant holdings include:
– Las Vegas Sands, United Rentals Inc, Walt Disney Co
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Key African FundsAfrican Direct Property Investment Fund
• Mauritian Investment vehicle with focus on properties in Nigeria, Ghana, Kenya, Uganda
• $150 million fund, US dollar denominated
• Targeting 25% IRR (gross)• Underlying investments target
gearing of 50 – 60%• Fund has tripled in size as of mid-
2014
Infrastructure Private Equity Fund
• 10 year closed-end fund focusing on green/brownfield infrastructure investments in sub-Saharan Africa
• R$1 billion target fund size (max R$1.5 billion) (~100MM USD)
• Targeting 18% return per annum• Exposure to energy, oil & gas,
transport, renewables, water, and public-private partnerships
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Performance
• Awarded five Raging Bull awards for unit trust performance
• Gains significant advantage by having access to the branch network and customer base of Standard Bank, one of the largest banks in Africa. A substantial share of the cash flows and assets under management generated by STANLIB originates from Standard Bank.
• Double digit return on property portfolio has now been extended to a record 29 successive years.
• Contributed R489 million in earnings to parent company, Liberty holdings
• Grown by 12-15% in past three years
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Sources
• https://www.homestrings.com/news-and-analysis/2014/april/15/following-in-nigerias-footsteps-kenya-licenses-another-reit/#.VGpFRYubJE7
• http://www.reuters.com/article/2014/08/28/us-africa-realestate-investment-idUSKBN0GS1YI20140828
• http://www.stanlib.com/Institutional/Documents/Brochures/Franchises/Infastructure_Private_Equity.pdf
• http://www.trialogue.co.za/wp-content/uploads/2013/04/liberty-iar-2012.pdf