Fri, Mar 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

Silk Invest launches fund for African Footballers ahead of World Cup

Wednesday, June 11, 2014
Opalesque Industry Update - Silk Invest and Kolo Touré announce that Silk Invest will launch an African Opportunties for Footballers Fund in collaboration with Kolo Toure. The fund will be the first fund of its kind that will provide African footballers with a wealth management solution that not only allows the players to manage their financial assets while investing in the grand opportunity of their home continent. The fund will be domiciled in Luxembourg and will primarily invest in the African markets.

Kolo Touré is a well known top level football player from the Ivory Coast who plays for Liverpool and will compete with his national team in Brazil's much anticipated World Cup

The numbers of African footballers playing in the international top leagues has steadily grown in the last few years. Many of these players see themselves as African ambassadors and have shown a keen interest to invest back in Africa. Silk Invest and Kolo Toure have worked together to create a fund which will help these players to invest in professionally managed fund vehicle. The new African footballers fund will help African football players to benefit from the growing African markets while building a savings plan for their post-career financial needs.

Silk Invest has been one of the leading investors in Africa and has championed a consumer driven pan-African approach. The investment team of Silk Invest include 11 different African Nationalities across the various African regions. This is a uniquely designed fund which helps African footballers invest across asset classes in Africa and to fully benefit from the African growth opportunity.

Malick Badjie, head of Investment Solutions commented: “African Footballers now finally have a solution that not only allows them to invest their assets in investment opportunities they understand, but also lets them make a difference back home. Over the last months, we had the pleasure to closely work together with Kolo Toure to design a product which helps African Football players to invest for the long term while contributing to Africa’s growth”.

Kolo Touré, added: “My personal ambition has always been to contribute to the African continent in a positive manner. At the same time, it is important have sufficient assets to secure my future financial well being. I am very excited about this new fund and believe that we have achieved a major milestone. The new fund helps Africa’s top football players like me to meet their financial needs and support Africa’s capital markets”.

Zin Bekkali CEO and Group CIO of Silk Invest concluded: “Africa is at the heart of investment thesis and we believe that African footballers have a big role to play in further developing the continent. At the same time, we are very honoured that we can play a role in helping these African professional to better meet their future financial needs. Kolo Toure has proven to be an excellent partner in creating this fund and we are looking forward to successfully launch the fund”

Silk Invest

Press Release

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1