The Public Investment Corporation (PIC), on behalf of its client, the Government Employees Pension Fund (GEPF) of South Africa, has acquired a 13% stake in Aradei Capital for $50 million.

Aradei Capital is a real estate platform headquartered in Morocco that specialises in commercial real estate assets. It has a presence in 15 cities across Morocco. Through this investment, the PIC joins other investors in Aradei Capital that include the European Bank for Reconstruction and Development...