STANLIB accelerates private markets impact with R250 million for affordable housing

STANLIB Asset Management has reinforced its commitment to social infrastructure development with a R250 million loan facility to Calgro M3 Holdings, a JSE-listed developer specialising in affordable housing.

This strategic investment underscores STANLIB’s focus on delivering impactful capital solutions through its Fixed Income Private Markets.

The funding, fully drawn, will be used to meet development costs across multiple affordable housing projects currently in Calgro M3’s pipeline. These developments are aligned with STANLIB’s social impact ethos, which is supported by the STANLIB Khanyisa Impact Investment Fund.

“This transaction exemplifies our commitment to mobilising capital for real economy opportunities that deliver both financial and societal value, while delivering attractive risk-adjusted returns for our clients,” said Zeyn Ismail, Portfolio Manager for Fixed Income Private Markets at STANLIB Asset Management. “Calgro M3 has a long-standing and proven track record of delivering quality affordable housing developments. Affordable housing is a cornerstone of inclusive growth, and we are proud to support Calgro M3 in expanding access to housing in South Africa.”

Broader impact in private markets

The Calgro M3 facility is one of several impactful transactions concluded by STANLIB in 2025. Earlier this year, STANLIB provided R250 million in funding to Preference Capital Group (PrefCap), a financial services provider focused on financing South African SMEs. These transactions support STANLIB’s role in job creation and economic empowerment through responsible lending.

STANLIB’s Private Markets team is one of the largest and best-resourced credit teams in the African continent. The team manages R52 billion in assets and has originated transactions worth over R120 billion. Among other portfolios, this team also manages the STANLIB Khanyisa Imapact Investment Fund.