Category Investments

STANLIB secures R2 billion acquisition finance facility to accelerate dealmaking

11 October 2023 STANLIB

STANLIB Asset Management has seized a major competitive advantage in advancing its strategy to deploy capital raised into good-quality infrastructure investments. It has secured a R2 billion acquisition finance debt facility from Standard Bank of SA for the STANLIB Infrastructure Fund of Funds.

Andy Louw, Principal of STANLIB Infrastructure Investments says, “The facility will increase the pool of capital available to the STANLIB Infrastructure Fund of Funds, resulting in faster execution of deals and a greater certainty of closure.” 

The STANLIB Infrastructure Fund of Funds was launched to meet investors’ appetite for the diversified, risk-appropriate and stable long-term returns that infrastructure investment offers. “Our investors are keenly attracted to the importance of infrastructural development in uplifting South African communities sustainably and growing economic opportunities,” Louw adds. 

To continue to meet the requirements to generate stable returns and contribute to SA’s economic development, STANLIB will continue to focus on its key thematic investment strategies. These are private sector renewable power generation – which is helping SA to transition to more reliable, cleaner energy – and digital infrastructure, which is currently helping to democratise internet access in South Africa. 

“With this additional firepower in our arsenal, we expect to play an even greater role in the market to build and expand the infrastructure that our country so desperately needs to grow the economy and create jobs while delivering attractive returns for our pension fund and other institutional clients,” Louw concludes. 

With R644 billion under management, STANLIB Asset Management, part of the Standard Bank Group, is one of SA’s largest asset managers. STANLIB Infrastructure Investments is one of the two largest private sector infrastructure investors in SA. It is mandated to invest in South African greenfield or brownfield infrastructure assets. Since inception, it has invested in more than 30 assets and currently has around R12 billion in assets under management.

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