Opportunik Global Fund, a private wealth fund aimed at giving Africans and Diasporans access to global investments, has announced the launch of its licensed fund on May 2, 2023. The fund, administered by Accuvise Administrators Limited, a registered fund administrator based in Mauritius, will present a diverse mix of asset classes enabling investors to create wealth with minimal currency or political risk. This move is set to break the barriers many African investors face when looking for global investments.
The OGF was created to address the pain points of African investors, including high barriers to global deals, insufficient yield on smaller ticket sizes, ever-changing foreign exchange rates, and high inflation and taxation. The fund provides a low-entry barrier with a minimum investment of $5,000 and optional monthly subscriptions in multiples of $1,000, access to diversified asset classes and investment strategies in multiple financial markets, projected return of 10-20% paid annually to investors’ bank accounts, 5-year tenure for the principal with an annual payment of returns, and the ability to track wealth journey and measure returns and financial growth.
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 recognize that the continent is full of wealth opportunities; however, there is a need to empower rising middle-class Africans with a platform to enable them to access new markets beyond the continent’s borders. 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.”
The OGF will be driven by an in-house team of fund managers located across Africa (South Africa, Nigeria, Kenya, and Zambia) and will work alongside Accuvise Administrators, which has over $216m in Assets Under Administration and a proven track record of structuring and administrating investment funds. The wealth management market in Africa is estimated to grow by 60% in the next decade, driven by strong asset under management (AuM) growth in most major markets, presenting a good opportunity for middle-class Africans if given access to the same wealth management options made available to high-net-worth individuals.
Retail and institutional investors interested in the OGF can apply to join the fund by going through a rigorous Know Your Customer (KYC) and Know Your Business (KYB) process, respectively. The application process is currently open, and interested investors can sign up for Opportunik Global Fund by visiting their website.
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