Mmegi

Ninety One eyes P2bn in private credit opportunities

Seeing opportunities: Ninety One is hunting for returns and impact in the local market
Seeing opportunities: Ninety One is hunting for returns and impact in the local market

Leading asset manager, Ninety One, is seeing opportunities in the market’s liquidity crunch and has a pipeline of up to P2 billion for private credit deals, mainly around infrastructure.

The local financial market has been weighed down by a liquidity crisis since last year, mainly owing to reduced government spending amidst the prolonged downturn in diamonds.

Private credit, meanwhile, which involves non-bank entities such as pension funds and their asset managers lending money to companies as opposed to traditional bank credit, is a growing alternative in the country.

Editor's Comment
DIS must correct costly stalemate

More than P8.1 million has already been spent, yet there appears to be no lasting solution in sight. This is not simply a dispute between the DIS and a group of officers. It is a matter of public accountability. Every pula spent by government comes from taxpayers who expect public funds to be used wisely and responsibly, especially during economic hardships faced by many.The officers exercised their constitutional right to seek justice through...

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