Frontier market specialist Silk Invest has launched a fund offering African footballers wealth management solutions. The African Opportunities for Footballers Fund, domiciled in Luxembourg, will primarily invest in African markets. “Africa is at the heart of the investment thesis and we believe that African footballers have a big role to play in further developing the continent,” Zin Bekkali, group chief executive and CIO, said. According to the company, the idea behind the fund is to help African football players benefit from growing African markets while building a savings plan for their post-career financial needs. As part of the strategy, former Arsenal player Kolo Toure is collaborating on the new fund, working with the investment team that includes 11 different African nationalities across the continent. “Kolo is keen on investing in Africa. Toure is currently the lead investor of the fund, with others expected to start investing.
While mainly targeted at African footballers, the fund is open to other high net worth investors.