01 Nov Nnema Byrd
Investment Principal, Stanlib Africa Direct Property Development Fund
Investment Principal, Stanlib Africa Direct Property Development Fund, South Africa
Nnema Byrd is an Investment Principal for the STANLIB Africa Direct Property Development Fund. With 17 years of industry experience, Nnema is responsible for identifying, analysing, and structuring equity and quasi-equity investments in retail, commercial and mixed-use developments in key Sub-Saharan African markets. She manages investments from the development stages through stabilization and exit, targeting returns in accordance with the Fund’s thresholds.
Nnema joined STANLIB in 2014 from Enko Capital, where she was a director of the Pan-African private equity fund. Prior to this, she was based in the U.S., and was the Assistant Director at a manager-of-managers programme within the largest adviser to jointly-trusteed union pension funds. Nnema had also worked as a Vice President at Capri Capital Partners, a US-based real estate investment management firm, where she structured mezzanine, direct equity and joint venture investments in development/opportunistic and value-added real estate across the country. Her skills cover transaction structuring, property valuations, acquisitions, land development, asset management and property dispositions for residential, retail, office, hotel and industrial property.
As an active member of professional circles, Nnema sits on the Board of South African Property Owners Association (SAPOA), has been elected to the SAPOA National Council, and is a member of the CFA Institute, the Economic Society of South Africa, and Women’s Property Network (WPN). She graduated with a BS in Architecture from the Massachusetts Institute of Technology (MIT), obtained her MBA from the MIT Sloan School of Management, and is a CFA® charter holder. Nnema is married with two children.