Key Takeaways
- • Binghatti Capital's Binghatti Pinnacle Development Fund has completed its investment strategy, delivering a net IRR of 194% and a net MOIC of 2.3x for external limited partners.
- • Returns are stated after fees, fund expenses and carried interest, according to the publisher summary.
- • The fund was a single-asset vehicle of roughly $29 million that developed a 178-unit mixed-use project.
- • Zawya reported the outcome as a net return of 194%.
Summary
Binghatti Capital has completed the investment strategy of its Binghatti Pinnacle Development Fund, a roughly $29 million single-asset vehicle. According to the publisher summary, the fund delivered a net internal rate of return (IRR) of 194% and a net multiple on invested capital (MOIC) of 2.3x for external limited partners. Both figures are calculated after fees, fund expenses and carried interest. Zawya reported the result as a net return of 194%.
The fund's investment centered on the development of a 178-unit mixed-use project. Because the vehicle held a single asset, its outcome depended entirely on the execution and sale or realization of that one development.
For allocators, the reported figures offer a concrete net-of-fee reference point for a completed single-asset development fund, with IRR and MOIC both presented on a net basis to external investors.
The fund's investment centered on the development of a 178-unit mixed-use project. Because the vehicle held a single asset, its outcome depended entirely on the execution and sale or realization of that one development.
For allocators, the reported figures offer a concrete net-of-fee reference point for a completed single-asset development fund, with IRR and MOIC both presented on a net basis to external investors.
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