Binghatti Capital completes development fund with high net returns

Dubai Financial Services Authority-regulated investment management firm Binghatti Capital Limited announced the successful completion of the investment strategy of Binghatti Pinnacle Development Fund LP. The update was reported by بوابة التكنولوجيا المالية, شبكة تواصل الإخبارية, Biz Today, and Il Sole 24 ORE. The fund delivered a 194 percent net internal rate of return and a 2.3x net equity multiple to its external limited partners. [1][2][5][6]

The net figures account for applicable fees, fund expenses, and carry, according to بوابة التكنولوجيا المالية. The firm raised approximately 29 million US dollars for the vehicle to pursue a single-asset, build-to-sell strategy. [1]

Private equity investment funds and limited partnerships take an active role in managing and structuring assets. Binghatti Pinnacle Development Fund LP utilized its capital to develop a mixed-use project comprising 178 units, achieving a gross development value of approximately 115 million US dollars, بوابة التكنولوجيا المالية reported. [1][7]