New COVID-19 recovery impact fund in South Africa

Geography: Africa
Sector: Banking & Finance

Read More: COVID-19 recovery impact fund

Environmental Finance reports on 08 June 2020 that Ninety One, an asset manager, recently launched a COVID-19 recovery impact fund in South Africa. This is another example where private sources of financing are used for recovery measures. The fund will have a portfolio of senior debt, subordinated debt, preferred equity, listed equity and private equity. The fund’s objective is to “preserve jobs and protect permanent loss of equity value and support the preservation of the country’s productive capacity and economic recovery from the effects of the Covid-19 pandemic, while seeking an attractive return for investors”.