16 yearTrack-record across multiple strategies in alternative credit |
>40 peopleInvestment specialists supporting our private credit strategies |
1000+ investmentsIncluding 100+ infrastructure investments targeting both return and impact |
20+ vintagesPrivate and opportunistic credit funds |
>US$15bn1Capital deployed with returned capital on 11 vintages |
c.0.3% losses2Careful underwriting has driven low annualised loss ratios across USD funds since 2002 |
All investments carry the risk of capital loss and past performance does not predict future returns.
Source: Ninety One, 30 June 2024 unless otherwise stated
1Individual transactions since 2001.
2Includes open and closed private credit strategies for the period 2001-2023.
3All vintages of South Africa and Africa Credit Opportunities since inception in 2008 and the Emerging Africa and Asia Infrastructure Fund since 2002. Ninety One has managed EAAIF since 2016.
A robust philosophy and process for consistent value creation.
Investing in inefficient marketsWe focus on uncrowded, inefficient markets and aim to create value via a repeatable, tried-and-tested process. |
Focused on senior secured creditWe adopt a through-the-cycle senior private credit approach. |
Prioritising capital preservationWe prioritise capital preservation and loss aversion with a bias toward non-cyclical and utility-like businesses and infrastructure projects. |
Across diversified portfoliosOur portfolios typically comprise 40+ investments across sectors and geographies. |
Targeting attractive risk-adjusted returnsSeeking high cash running yields while minimising the loss ratio by overlaying opportunistic investments. |
| EM & Africa Credit Opportunities | Emerging Africa and Asia Infrastructure | Emerging Markets Transition Debt |
|---|---|---|
| Pioneering EM senior credit strategy | A-rated* blended finance debt fund supporting impactful infrastructure development | Seeking commercial returns while promoting real-world transition |
| Focus on SDGs; funding solutions to social and environmental challenges | Deep sustainability and impact assessments performed on each project | Carbon reduction / avoidance measured to 2030 and tracked annually |
| 7.5-year term | Permanent capital vehicle | Evergreen |
| 10-year track record | 20+ year track record | Launched 2024 |
| Over US$1.5 billion in AUM in hard currency strategies | ||
| 40 - 60 Investments | ||
*A2 rating from Moody's
The value of investments, and any income generated from them, can fall as well as rise.
We are committed to Net Zero by 2050 and the regions in which we invest provide the opportunity to reduce poverty and inequality.
PlanetImproving access to clean, reliable and affordable power, water, transport, digital communications and social infrastructure. |
PeopleJob creation, supporting growth of sustainable businesses and promoting markets and financial inclusion. |
ProductivityImproved access to goods and services. Developing financial markets and promoting taxes paid. |
General risks. All investments carry the risk of capital loss. The value of investments, and any income generated from them, can fall as well as rise and will be affected by changes in interest rates, currency fluctuations, general market conditions and other political, social and economic developments, as well as by specific matters relating to the assets in which the investment strategy invests. If any currency differs from the investor’s home currency, returns may increase or decrease as a result of currency fluctuations. Past performance is not a reliable indicator of future results. Environmental, social or governance related risk events or factors, if they occur, could cause a negative impact on the value of investments.
Specific risks. Derivatives: The use of derivatives may increase overall risk by magnifying the effect of both gains and losses leading to large changes in value and potentially large financial loss. A counterparty to a derivative transaction may fail to meet its obligations which may also lead to a financial loss. Emerging markets: These markets carry a higher risk of financial loss than more developed markets as they may have less developed legal, political, economic or other systems. Credit Risk: Where the value of an investment depends on a party (which could be a company, government or other institution) fulfilling an obligation to pay, there exists a risk that the obligation will not be satisfied. This risk is greater the weaker the financial strength of the party. The Net Asset Value the portfolio could be affected by any actual or feared breach of the party’s obligations, while the income of the portfolio would be affected only by an actual failure to pay, which is known as a default. Default: There is a risk that the issuers of fixed income investments (e.g. bonds) may not be able to meet interest payments nor repay the money they have borrowed. The worse the credit quality of the issuer, the greater the risk of default and therefore investment loss. Liquidity: There may be insufficient buyers or sellers of particular investments giving rise to delays in trading and being able to make settlements, and/or large fluctuations in value. This may lead to larger financial losses than might be anticipated. Sustainable Strategies: Sustainable, impact or other sustainability-focused portfolios consider specific factors related to their strategies in assessing and selecting investments. As a result, they will exclude certain industries and companies that do not meet their criteria. This may result in their portfolios being substantially different from broader benchmarks or investment universes, which could in turn result in relative investment performance deviating significantly from the performance of the broader market.