SIFEM invests USD 15 million in Ninety One’s Africa Credit Opportunities Fund 3
Zurich, 29 November 2024 – SIFEM, the Swiss Development Finance Institution, has committed USD 15 million as part of the first close of Ninety One’s Africa Credit Opportunities Fund 3 (ACO3), which aims to raise a total of USD 500 million. The fund is designed to promote sustainable growth and economic resilience by making private credit investments into companies in Africa and other Emerging Markets. SIFEM, managed by responsAbility Investments AG, will therefore play a key role as an anchor investor in providing capital to high-growth companies across Africa.
Several strategic partners have joined SIFEM in the first close of Africa Credit Opportunities Fund 3. These partners include the International Finance Corporation (IFC) and British International Investment (BII) as anchor investors, along with Standard Bank of South Africa as the credit provider.
SIFEM promotes sustainable development and resilience in Africa
Anthony Mwangi Njoroge, Principal and Co-Head Africa Fund of Funds at responsAbility, SIFEM’s portfolio manager, commented: “This investment underscores SIFEM’s strong commitment to promoting sustainable development in Africa. By providing essential capital to medium-sized enterprises, we contribute to strengthening economic resilience, creating quality jobs, and supporting businesses that advance both social progress and environmental sustainability. SIFEM and responsAbility are working together to ensure our investments have a lasting, positive impact on Africa’s emerging markets.”
About SIFEM SIFEM serves as Switzerland’s Development Finance Institution (DFI). Established in 2011 as a public limited company fully owned by the Swiss Confederation, SIFEM plays a key role in Switzerland's international cooperation strategy. SIFEM provides long-term financing to small and medium-sized enterprises (SMEs) in developing and emerging countries through local financial intermediaries. By doing so, SIFEM aims to reduce poverty while fostering sustainable, inclusive, and resilient economies. Its focus also extends to tackling the root causes of climate change and enhancing communities' resilience to its effects.
About responsAbility Investments AG responsAbility Investments AG is a leading impact asset manager specializing in private market investments across three investment themes. These themes directly contribute to the United Nations Sustainable Development Goals (SDGs): Financial Inclusion, to finance the growth of Micro & SMEs; Climate Finance, to contribute to a net zero pathway; and Sustainable Food, to sustainably feed an ever-growing population. All responsAbility investment solutions target specific measurable impact alongside market returns.
Since its inception in 2003, responsAbility has deployed over USD 15.7 billion in impact investments. With over 270 employees collaborating across 8 offices, as of 30 September 2024 the company manages USD 5.1 billion in assets across approximately 300 portfolio companies in around 70 countries. Since 2022, responsAbility has been part of M&G plc, the international savings, and investments business, and contributes to enhancing M&G’s capabilities in impact investing.
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Richard Rogers
responsAbility Investments AG
+41 44 403 2151
media@responsability.com
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