Futuregrowth Asset Management

In a recent interview on Asset TV South Africa, our Head of Private Debt Iqeraam Petersen highlighted the growing demand for private debt. As traditional banks face stricter regulations, borrowers are turning to private debt for bespoke solutions, while investors appreciate its low volatility and strong asset-liability matching. This shift is happening globally and in South Africa, albeit at a slower pace. The private debt market is evolving, and we’re excited to be at the forefront. #PrivateDebt #InvestmentOpportunities #AssetManagement #Futuregrowth #MarketTrends

Is the National State Enterprises Bill stuck on repeat? The fourth draft still falls short in addressing key concerns that could prevent it from effectively overhauling the management of state-owned enterprises. Olga Constantatos, Head of Credit at Futuregrowth, says that merely shifting ownership of SOEs to a holding company won't solve some of the chronic problems. She says that executing on the decisions needed to ensure the sustainability of the SOEs listed should be the initial priority, and the good news is that this process is already partly under way. Read the full story here: https://lnkd.in/dYEysKwZ #SAMCO #NationalStateEnterprisesBill #SOEs #SOESustainability

Futuregrowth recently spearheaded a $3 million funding round in CubeSpace, a global leader in satellite Attitude Determination and Control. Learn more about how CubeSpace ADCS is revolutionising the SmallSat market. #space #satellites #venturecapital

South Africa's competitiveness in the international space industry gets a boost 🚀 We recently concluded a $3m funding round in Stellenbosch-based CubeSpace ADCS – a global leader in Attitude Determination and Control Systems for satellites.     This investment, made via Futuregrowth’s High Growth Development Equity Fund, will empower CubeSpace to capture an even larger share of the growing satellite market. Amrishsingh Narrandes Brian Masondo   Read more here: https://lnkd.in/ddfneswF #Futuregrowth #CubeSpace #VentureCapital #Satellites #DevelopmentalInvesting #ImpactInvesting

As we look ahead to 2025, politics are set to play a pivotal role in shaping financial market returns and volatility. From the potential inflationary consequences of the upcoming Trump administration’s policy priorities to the risks of fiscal dominance impacting yield curves, bond investors will need to stay close to developments coming out of the US in the months ahead. Locally, the improved electricity outlook and other reform efforts driven by the GNU bode well for investor confidence with further positive adjustments to SA’s outlook and credit ratings expected in the coming year.   For more on the expectations and risks to the bond markets for the year ahead, read the latest Bond Market Review below. #Bondmarketreview #financialmarkets #GNU

We recently announced Futuregrowth's milestone investment of R150 million in Sourcefin, a trailblazing South African fintech that’s enabling "the forgotten SMME" market with financing and specialist support. As Sourcefin scales its operations, it will further empower black female, youth-owned, and rural-based entrepreneurs, driving economic growth and societal development in South Africa. This strategic investment supports our mission to fuel high-growth, impactful businesses in the country including the likes of #Yoco and #Ozow. Read the full article here: https://lnkd.in/djUY7fFd #SMMEs #Fintech #Investment #Futuregrowth #Sourcefin #EconomicDevelopment #SouthAfrica #ImpactInvesting Muhammad Fareez Davids Brian Masondo Makungu Maluleke Amrishsingh Narrandes

As active participants in the debt capital market, the debt instruments offered by South African life insurers form part of our investible universe. In our latest investment view, Kabir Bedasie, Investment Analyst at Futuregrowth, explores the strategies and financial profiles of the four largest life insurers listed on the Johannesburg Stock Exchange: Sanlam, Discovery, Old Mutual, and Momentum. Each company adopts different approaches to raising capital, with Sanlam, Old Mutual, and Momentum issuing listed subordinated debt through their subsidiaries, while Discovery opts for senior unsecured debt at the holding company level, enhanced by guarantees from two of its subsidiaries. The report delves into the embedded value disclosures that quantify shareholder value, highlighting how non-covered businesses contribute to insurers' financial profiles. Sanlam leads in embedded value, largely due to its diverse global holdings, while Discovery's value is driven by its innovative health and insurance models. Bedasie also discusses the impact of IFRS 17 on profit recognition and liability measurement, with varied outcomes for each insurer. Furthermore, our analysis includes a detailed assessment of profitability, solvency, and debt recovery, factoring in industry developments and market trends. For more on why Futuregrowth continues to remain active participants in life insurers’ activity in the debt capital market, read the full analysis here: https://lnkd.in/dhwJQuD2 #Futuregrowth #Capitalmarkets #Lifeinsurance #Creditinvestment #IFRS17

Congratulations to our Private Equity team for winning the 2024 ABSIP Award for Best Private Equity Fund at last night’s ABSIP Awards dinner. We are so proud of the work you’ve done, and continue to do! #PrivateEquity #PrivateEquityFund #ABSIPAwards Muhammad Fareez Davids