Summary:
- Maia Capital Partners, via its Maia Debt Impact Fund I, has extended mezzanine debt financing to South African private equity fund Student Living Asset Management (SLAM) to support SLAM’s acquisition of a 51% stake in Academia, a 1,026-bed student residence in Stellenbosch.
- The transaction addresses South Africa’s critical shortage of student accommodation, aligning with Maia Capital’s strategic focus on impact investing within the education infrastructure sector.
- SLAM plans to maintain Academia’s existing management and operations, emphasizing asset scale and stable long-term student demand without restructuring, reinforcing its position in a key university town.
Original article:
https://www.africaprivateequitynews.com/p/maia-capital-backs-student-housing
