Tunga Fund distributes N$21.6m to GIPF
Old Mutual Alternative Investments Namibia, a division of the Old Mutual Investment Group Namibia (OMIGNAM), has announced a distribution from the Tunga Real Estate Fund to its investor participants, marking another important milestone in the Fund’s lifecycle.
Staff Writer
Old Mutual Alternative Investments Namibia, a division of the Old Mutual Investment Group Namibia (OMIGNAM), has announced a distribution from the Tunga Real Estate Fund to its investor participants, marking another important milestone in the Fund’s lifecycle.
Of the total distribution, an amount of N$21.6 million has been allocated to the Government Institutions Pension Fund (GIPF), representing its 99% shareholding in the Fund, bringing total distributions to GIPF to date to N$266 million.
The remaining proceeds have been distributed to OMIGNAM, which holds a 1% co-investment stake.
