Nisus Finance Services Co Limited (BSE- NISUS | 544296 | INE0DQN01013) has announced Houlihan Lokey (NYSE: HLI), a leading global investment bank, has been retained through Nisus Finance Investment Consultancy–FZCO, a Dubai-headquartered fund advisor, to assist in the raising of financing for the Nisus High Yield Growth Fund Closed-Ended IC (the fund) and/or projects in which it invests.
The retention of Houlihan Lokey, Inc., a global investment bank with a strong presence across the Americas, Europe, the Middle East, and Asia-Pacific, to assist in raising financing for the Nisus High Yield Growth Fund Closed-Ended IC. Known for its leadership in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory, Houlihan Lokey brings substantial expertise to this significant fundraising effort. The firm has been ranked as the No. 1 M&A advisor in the US for the past decade and the No. 1 global restructuring advisor for the past 11 years, according to transaction data provided by LSEG.
Nisus High Yield Growth Fund is a DIFC-registered Cat 3C fund regulated by the DFSA as a Qualified Investor Property Fund. It aims to invest in high-yield, stabilised rent-earning assets in the Gulf Region with a target US dollar IRR of over 20 per cent and a total target corpus of USD 1 billion.
Nisus Finance Investment Consultancy FZCO acts as the fund's exclusive investment advisor. The fund has already invested in two prime buildings in Dubai, Jumeirah Village Circle (JVC) and Al Furjan, with a total investment value of USD 55 million.
Nisus Finance is a fund manager focused on urban infrastructure and manages three funds, including the Nisus High Yield Growth Fund Closed-Ended IC out of DIFC Dubai registered with the Dubai Financial Services Authority reference number C000226. Nisus Finance recently opened a new office on Sh. Zayed Road, DIFC, Dubai, with a senior nine-member team.
The primary goal of Nisus Finance Services Co Limited's recent initial public offering (IPO) was to expand its fund licenses, raise new capital and create investment management infrastructure. With the acceleration of the Dubai fund with a target corpus of up to USD 1 billion, Nisus Finance is well poised to meet its goals. The UAE offices of Nisus Finance have already developed a strong ecosystem with the Gulf Cooperation Council (GCC) countries. It is one of the foremost funds that receive leverage to acquire stable rent-yielding assets in the UAE. Banque Banorient France, a leading European Bank with a strong UAE presence, has already sanctioned over AED 100 mn to the Nisus Finance Fund for its acquisitions.
Amit Anil Goenka, Chairman & Managing Director of Nisus Finance Services Co. Limited, said, "This is an exciting time for us to be in the GCC region with a phenomenal strategy to generate a large alpha in a mitigated asset buyout with high yields. Our team here in Dubai is well-equipped to capitalise on this fully. Our two assets are a testament to the opportunity. The participation of a global investment bank in the fund distribution enthuses us. They have deep expertise in the GCC region and could quickly understand the unique value proposition. Their partnership will scale this multi-fold times to reach its full potential."
Vivek Anand Oberoi, Partner, Nisus Finance Investment Consultancy, Dubai, added, "We have built a strong ecosystem in Dubai in a short period to optimise returns across asset classes like residential, commercial, service apartments, warehousing and so on across the UAE. The partnership with a global investment bank will speed up our fund portfolio to a high-grade institutional multi-billion dollar offering with alpha returns. I remain committed to seeing the logical outcome of this extraordinary platform."
