Ninety One sees opportunity in overlooked private credit niche
Sponsorless deals offer as much as twice the return, says investment manager
An under-served niche within private credit can deliver as much as double the returns of conventional deals, according to investment manager Ninety One.
The London-based firm, which has $170 billion in assets under management, is targeting so-called sponsorless deals – loans to small or mid-sized companies that lack private equity backers.
Ninety One closed its European Credit Opportunities Fund in
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