Old Mutual alternative investments distributes N$21.6 million to GIPF via Tunga Real Estate Fund
Old Mutual Alternative Investments Namibia announced a new capital distribution from its flagship Tunga Real Estate Fund last week, marking a significant milestone in the fund’s asset lifecycle and providing a substantial payout to the country’s largest institutional investor. Out of the total distribution, a massive N$21,663,932.40 has been allocated directly to the Government Institutions […]
Old Mutual alternative investments distributes N$21.6 million to GIPF via Tunga Real Estate Fund
Old Mutual Alternative Investments Namibia announced a new capital distribution from its flagship Tunga Real Estate Fund last week, marking a significant milestone in the fund’s asset lifecycle and providing a substantial payout to the country’s largest institutional investor.
Out of the total distribution, a massive N$21,663,932.40 has been allocated directly to the Government Institutions Pension Fund (GIPF). This amount represents GIPF’s dominant 99% majority shareholding in the institutional fund.
The latest disbursement pushes the cumulative total distributed to the GIPF over the lifespan of the Tunga Real Estate Fund to an impressive N$265,430,680.24.
