Key Takeaways
- • CI Capital PE and Talaat Moustafa Group (TMG) have launched a real estate investment fund capitalized at EGP 8 billion ($154 million), with ownership split 51% to CI Capital PE and 49% to the Arab Company for Projects and Urban Development (a TMG subsidiary).
- • The fund targets income-generating commercial properties within Madinaty, an 8,000-acre mixed-use development in New Cairo, providing investors exposure to rental-yielding assets with stable cash flow characteristics.
- • CI Capital PE will serve as fund manager and oversee contracting with service providers, while a TMG subsidiary will handle development and sales of real estate assets acquired by the fund, creating a integrated development and asset management structure.
- • The Financial Regulatory Authority supervised the fund's establishment procedures, and CI Capital for Promotion and Underwriting served as sole transaction coordinator, subscription bookrunner, and lead financial adviser to both parties.
- • The fund structure combines capital deployment into existing income-producing commercial units with strategic development opportunities across two land plots within the Madinaty project.
Summary
CI Capital PE and Talaat Moustafa Group have launched a joint real estate investment fund capitalized at EGP 8 billion (approximately $154 million), according to a disclosure filed with the Egyptian Exchange on March 11, 2026. The partnership represents a significant collaboration between Egypt's leading investment banking platform and one of the country's premier real estate developers, establishing a vehicle designed to provide institutional and alternative investors with exposure to income-generating commercial real estate.
The fund's ownership structure reflects a balanced partnership, with CI Capital PE holding a controlling 51% stake and the Arab Company for Projects and Urban Development—a subsidiary of Talaat Moustafa Group—holding 49%. This governance model positions CI Capital PE as the fund manager responsible for overall operations, contracting oversight, and investor relations. A TMG subsidiary will assume responsibility for development, construction, and sale of real estate assets acquired by the fund, creating an integrated structure that combines capital deployment with operational expertise in property development and commercialization.
The investment vehicle targets commercial properties within Madinaty, an 8,000-acre mixed-use development project located in the New Cairo satellite city. The fund's strategy focuses on acquiring income-generating commercial units that provide stable rental streams to investors, while also developing two strategically selected land plots within the broader Madinaty master plan. This dual approach—combining current yield-producing assets with development upside—is designed to provide both immediate income distribution and capital appreciation potential.
The establishment of the fund proceeded under regulatory supervision by Egypt's Financial Regulatory Authority, which completed required procedural approvals. CI Capital for Promotion and Underwriting acted as sole transaction coordinator, subscription bookrunner, and lead financial adviser for the fund structure, while also serving as exclusive financial adviser to Talaat Moustafa Group throughout the transaction. This role underscores CI Capital's position as the transaction architect facilitating the partnership structure and investor capitalization process.
The fund's ownership structure reflects a balanced partnership, with CI Capital PE holding a controlling 51% stake and the Arab Company for Projects and Urban Development—a subsidiary of Talaat Moustafa Group—holding 49%. This governance model positions CI Capital PE as the fund manager responsible for overall operations, contracting oversight, and investor relations. A TMG subsidiary will assume responsibility for development, construction, and sale of real estate assets acquired by the fund, creating an integrated structure that combines capital deployment with operational expertise in property development and commercialization.
The investment vehicle targets commercial properties within Madinaty, an 8,000-acre mixed-use development project located in the New Cairo satellite city. The fund's strategy focuses on acquiring income-generating commercial units that provide stable rental streams to investors, while also developing two strategically selected land plots within the broader Madinaty master plan. This dual approach—combining current yield-producing assets with development upside—is designed to provide both immediate income distribution and capital appreciation potential.
The establishment of the fund proceeded under regulatory supervision by Egypt's Financial Regulatory Authority, which completed required procedural approvals. CI Capital for Promotion and Underwriting acted as sole transaction coordinator, subscription bookrunner, and lead financial adviser for the fund structure, while also serving as exclusive financial adviser to Talaat Moustafa Group throughout the transaction. This role underscores CI Capital's position as the transaction architect facilitating the partnership structure and investor capitalization process.
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