Global investment manager Ninety One has raised $404 million in a final closing of its Africa Credit Opportunities Fund 3 (ACO3 Fund). Commitments came from institutional investors, such as development finance institutions, pension funds and family offices across Africa, Europe, the United Kingdom, the United States and Canada.
The ACO3 Fund is the third vintage in Ninety One’s Emerging Market Senior Credit series, investing mainly in senior-secured private credit opportunities with conservative levels of financial leverage and good structural protections. It provides flexible financing to businesses and critical infrastructure projects across Africa and other emerging markets.
According to Ninety One, the ACO3 Fund already has built a diversified portfolio of more than 30 investments in Africa, Latin America, Asia, and Central and Eastern Europe, with exposure to communications, consumer, financials, healthcare, industrials and materials. Several successful exits ha
