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Capital advisory · African real assets
LakeStream advises property owners, developers and lenders on raising debt, restructuring facilities and bringing institutional capital to real assets in African markets.
Africa’s strongest real assets are under-served by capital that prices the country before it prices the asset.
Local balance sheets are short. International lenders price the flag, not the cash flows. Good assets stall for want of preparation, structure and the right counterparty.
LakeStream closes that distance. We structure the asset for institutional capital, and we take it to the people to fund it.
What we do
Senior, mezzanine and wholesale facilities from development finance institutions, commercial banks and private credit. For asset owners, and for lenders building specialist lending platforms.
Standstills, extensions, refinancings and covenant resets, negotiated with single lenders and across syndicates, with the borrower’s case prepared to lender standard.
Acquisition finance, sale-and-leaseback, development bridge and income-backed structures, sized from cash flows and secured on the asset.
Investment memoranda, financial models, data rooms and transaction structure, then placement with institutional investors, family offices and development finance institutions, including capital from the Gulf.
How we work
We start with the cash flows, the security and the counterparties, and say plainly what the asset can carry.
We shape the facility or the transaction to the asset: tenor, leverage, currency, security, exit.
We build what institutions expect to see: memorandum, model, data room, term sheet.
We run the process to close: counterparties, negotiation, documentation, conditions precedent.
Selected engagements
Wholesale funding · Zimbabwe
Structuring and raising institutional wholesale funding for a bank’s new secured commercial property finance platform: funding strategy, lender materials, credit framework and borrower pipeline.
Live mandate
Debt raising · Pan-African
Raised direct property debt for a listed real estate group across its African markets: acquisition facilities for income-producing assets and development funding for new projects, structured and negotiated with institutional lenders. Including one of the largest single debt syndications in Sub-Saharan Africa outside South Africa: over $300 million of institutional debt from leading South African banks, structured as a cross-collateralised platform across five African markets with sustainability-linked pricing.
Restructuring · Pan-African
Refinanced multi-jurisdictional debt portfolios, negotiated covenant waivers and amendments with institutional lenders, managed distressed positions under liquidity pressure, and secured a liquidity bridge with super-senior security ahead of a wider recapitalisation, across a multi-lender group of South African, Mauritian and Kenyan banks.
Asset management · Pan-African
Led asset management and portfolio optimisation across a diversified African real estate platform valued at approximately $1 billion: valuation processes spanning retail, hospitality, office, light industrial and data centres, and asset positioning to support long-term cash flow and NAV growth.
$300M+
Capital transactions advised
$1B+
Real estate portfolio oversight
10+
African markets
20+
Transactions executed
Where we workZimbabwe · South Africa · Kenya · Mauritius · Zambia · Ghana · Morocco · United Arab Emirates
Principal
Founder and Principal
Munya founded LakeStream to bring institutional discipline to real-asset capital in African markets. A Chartered Accountant, he advises owners, developers and lenders on debt raising, restructuring and structured finance. His mandates have spanned wholesale funding for a regulated lender, direct property acquisition and development debt for a listed pan-African real estate group, one of the largest single debt syndications in Sub-Saharan Africa outside South Africa, multi-lender debt restructuring and capital management, and oversight of a diversified portfolio of approximately $1 billion. He works between Harare, Dubai and Mauritius.
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