Ninety One closes its third fund dedicated to Africa at 404 million dollars.

The British management company announced this close on Tuesday, August 18. The fund is intended to provide financing to companies and infrastructure projects in Africa and other emerging markets through private debt operations.

The amount of $404 million corresponds to the commitments mobilized with leverage. It does not necessarily constitute the amount of equity brought directly by investors. The specific terms of the financing and the geographical distribution of the investments have not been disclosed in the available information.

Sustained Interest in African Private Debt

This operation is part of Ninety One’s strengthening presence in the African private credit market. This segment allows companies and infrastructure operators to seek financing from specialized investors, supplementing bank loans and bond issuances.

For investors, private debt offers the possibility of obtaining returns linked to non-listed assets or companies. However, it carries specific risks related to the limited liquidity of investments, the quality of borrowers, and the economic and regulatory environment of the relevant markets.

The closing of the fund comes as financing conditions remain affected by market volatility, geopolitical tensions, and uncertainties related to trade policies. According to Ninety One, the demand from investors for credit strategies aimed at emerging markets remains strong nonetheless.