Ninety One has raised €130 million for the first close of the Ninety One European Credit Opportunities Fund I. Managed by co-portfolio managers Chris Rust and Lei Lei, the fund provides flexible private debt financing to medium sized performing borrowers across Europe.
Through a diverse portfolio of secured loans directly originated from mainly non-private equity owned “sponsorless” borrowers, the Fund aims to provide investors with a differentiated alternative credit product.
The Fund has received commitments from a broad range of high quality institutional and sophisticated private investors from the UK, Europe, Latin America, and South Africa. This is an important milestone in the continued buildout of Ninety One’s alternative credit platform, providing clients with high quality credit solutions that help them achieve their long-term investment goals. The Fund is targeting a second close in Q4 2022 and a final close in H1 2023.
