JOHANNESBURG, Nov 9 – The Emerging Africa & Asia Infrastructure Fund, managed by global asset manager Ninety One Plc, plans to invest $1 billion in projects across Africa and Asia over the next three years, as the firm expands its exposure to infrastructure opportunities in emerging markets.
The fund, which has operated for almost 25 years, currently invests as much as $350 million annually and expects to increase its deployment over time, according to Martijn Proos, Ninety One’s co-head of emerging-market alternative credit and managing director of the fund, Bloomberg News reported on Monday.
Ninety One, which oversees approximately $242 billion in assets, has increasingly focused on infrastructure financing across emerging markets, where demand for long-term capital remains significant.
The planned investment programme will direct funding towards projects in Africa and Asia, although further details on the allocation between the two regions and specific investments were not provided.
The fund’s strategy places it within a broader effort to mobilise private institutional capital for infrastructure development in markets where financing requirements often exceed the capacity of public budgets and traditional development finance institutions.
