The licensed fund of Opportunik, a private wealth fund that provides Africans and people of the Diaspora with access to international investments, will begin operations on May 2, 2023, the company announced today.
The Opportunik Global Fund [OGF] is administered by Accuvise Administrators Limited, a registered fund administrator with headquarters in Mauritius, and will offer investors a diversified selection of asset classes, allowing them to build wealth with little exposure to currency or political risk.
OGF was established to help African investors with their problems, which include significant hurdles to international business, low yields on smaller ticket sizes, constantly fluctuating exchange rates, and high inflation and taxes.
Participants may be based anywhere in the globe, but they are required to make investments in the most popular fiat currencies, such as the US dollar. The multi-asset growth fund, one of the first private retail funds targeted at Africans, will offer the following:
Commenting on the fund, Kola Oyeneyin, CEO of Opportunik Global Fund, said: “We created Opportunik Global Fund to directly tackle the challenges many African investors face when looking for global investments.
As an African-born fund, we are aware of the riches prospects the continent offers, but we also believe that emerging middle-class Africans need to have access to markets outside of their own continent.
“At OGF, we help Africans create wealth and achieve financial independence. We are doing so by connecting investors to a global fund at a low entry barrier and with a healthy return.
As we onboard retail and institutional investors before our official launch in May, we look forward to bridging the current wealth inequality gap.”
OGF will collaborate with Accuvise Administrators and be led by an in-house team of fund managers based in Africa (South Africa, Nigeria, Kenya, and Zambia). Accuvise has a track record of successfully designing and managing investment funds, with over $216 million in Assets Under Administration.
A total of $2.4 trillion in investable wealth is held on the continent, according to the Africa Wealth Report by Henley & Partners, with more than half of the continent’s high-net-worth individuals living in South Africa, Egypt, Nigeria, Kenya, and Morocco.
According to statistics, the asset under management (AuM) market in Africa is predicted to rise by 60% over the next ten years due to significant asset under management growth in the majority of the continent’s key markets.