Xterra Capital Advisors, a corporate finance and private equity advisory firm registered in Mauritius, has launched the Xterra Africa Property Development Fund, aiming to raise $300m from international investors.

Wagane Diouf, Managing Partner of Xterra Capital Advisors, said that significant seed investment has already been secured.

“The Fund is seeking additional financial partners to buy into its vision of transforming the last frontier into a testimony of economic success," he said.

The newly established fund manager Xterra Capital has been active on the African continent in real estate, energy and financial services for the last five years.

The company is putting this new fund together to offer investors “strategic opportunities based on global best practices and its deep understanding of the African Continent”.

The Pan-African Fund established and regulated by the Authorities in Mauritius, will invest in about 20 projects across the continent.

Made up of seasoned managers, Xterra Capital Advisors will target African opportunities in mixed use developments, commercial, retail, and hospitality within the real estate space.

The management team of Xterra Capital Advisors is partnering with Africa's largest and most reputable developers in order to secure a large pipeline of prime development projects across the continent including Cote d'Ivoire, Ghana, Kenya, Namibia, Nigeria, Rwanda and South Africa.

Xterra said it has identified a total pipeline of ready opportunities exceeding $2.5bn.

Xterra Capital Advisors is advised by Mauritius-based ABAX and the Safyr Group.

Deva Marianen, CEO of Safyr Group, said: With Xterra Capital Advisors, we have teamed up with partners who have a proven track record of transactions in Africa, accomplished in their own right and fully dedicated to the maximization of return on investments.”

The Fund will seek a listing on the Mauritius stock exchange.

Marianen said that the choice of Mauritius is a formidable one.

“The Stock Exchange of Mauritius has predominantly established itself as one of the most attractive financial platform for the African continent and consequently an increasing amount of both private and institutional investors are now using Mauritius capital markets to penetrate Africa as an investment destination," he said.

Xterra Capital Advisors has been sponsored by international partners such as Seychelles-based investment holding Century Capital Holdings.

Ibrahim Sagna, a senior representative of Century Capital Holdings, said: "With Xterra Capital Advisors, we believe that we are in a unique place in history today. We are tackling the fast growing African real estate sector using the rapidly improving capital markets of the continent.”

“This gives us the chance to improve our institutional offering by way of an innovative risk adjusted Africa-centric investment proposition to global investors. We are truly eager to participate in this bespoke institutional product, optimally structured to capitalize on Africa's drastic urban shifts," he said.