Kasada Capital Management

Kasada Capital Management is an independent real estate private equity platform dedicated to hospitality investments in Sub-Saharan Africa. The firm was launched in 2018 with the backing of Qatar Investment Authority, the sovereign wealth fund of the State of Qatar, and Accor, a world-leading hospitality group. Kasada's strategy spans all segments from economy to luxury and targets both greenfield and brownfield projects. The hotels are operated under the banner of Accor's wide range of internationally renowned brands. By investing in a region that offers robust growth opportunities, Kasada aims to deliver both attractive risk-adjusted returns to investors and a long-term positive impact on local economies.

In April 2019, Kasada closed its maiden fund, Kasada Hospitality Fund L.P., with equity commitments of over USD 500 million. The firm has secured strategic partnerships, including a US$160 million debt facility with the International Finance Corporation (IFC) in July 2021, to support the hospitality sector in Africa and instill globally recognized Environmental, Social, and Governance (ESG) practices in its hotels. Kasada is committed to originating and providing positive sustainable impact and value in the local economies and communities it invests in, including working with hotels to deliver low-carbon buildings, enhancing motivation, benefits, and training for all employees, providing the best guest experiences, reducing consumption of energy, water, and resources, and efficient management of resources and waste. The firm is dedicated to supporting the development of local talent and positively impacting job creation with true career opportunities, helping to transform the lives of local communities.

Kasada's approach is delivered over several steps: first, identifying ESG focus areas that are material to the activities and projects it invests in, including climate change, gender and diversity, and local community developments. Then, post-acquisition, the firm has identified frameworks and certifications, such as EDGE and Green Key, which serve to inform both investors and guests that certain ESG standards are being met. On an ongoing basis, Kasada reviews frameworks and certifications that speak to the local social aspects, as it remains close to local schools, NGOs, and other social partners. This comprehensive approach underscores Kasada's commitment to sustainable and impactful investments in the hospitality sector across Sub-Saharan Africa.