At a Glance
- Ninety One’s AUM reaches $159.1 billion as of December 2024, reflecting consistent growth.
- The firm acquired Sanlam Investment Management for $275.7 million, adding $22.1B to its AUM.
- A strategic 5% stake in Resilient REIT further solidifies Ninety One’s market position.
Ninety-One, an Anglo-South African independent asset management firm, has reached a significant milestone in its growth trajectory, reporting £130.2 billion ($159.1 billion) in assets under management (AUM) as of December 31, 2024.
This marks a steady rise from £127.4 billion ($157.7 billion) as of September 30, 2024, and £124.2 billion ($152.9 billion) a year earlier.
The firm’s growth was propelled by a series of strategic acquisitions, notably the purchase of Sanlam Investment Management (SIM) in November 2024.
In a $275.7 million deal, Ninety One, the asset management business, based in Cape Town and London acquired 100 percent of SIM, boosting its AUM by $22.1 billion.
In exchange, Sanlam Limited secured a 12.3 percent equity stake in Ninety One, enhancing the partnership between the two companies.
Ninety-One strengthens emerging market strategy
Ninety One’s investment approach, rooted in its emerging market heritage, delivers a unique perspective on global opportunities, backed by a market capitalization of £945.77 million ($1.15 billion).
Additionally, Ninety One launched a $400 million Emerging Markets Transition Debt fund in mid-2024, targeting clean infrastructure and technology projects in developing regions.
This expansion underscores the firm’s commitment to diversifying its offerings and bolstering its position within the competitive global asset management industry.
Ninety-One’s stake in Resilient REIT
Continuing its momentum, Ninety-One, dua-listed on the London Stock Exchange and the Johannesburg Stock Exchange made another notable move in January 2025, acquiring a 5 percent stake in Resilient REIT for R1.07 billion ($57.1 million).Â
This acquisition aligns Ninety-One with other prominent institutional investors, reinforcing its optimism about the South African real estate market.
It also highlights the firm’s ongoing commitment to resilient, high-performing assets, even in challenging economic conditions.
Ninety-One, founded in 1991 in South Africa, is a global investment manager rooted in emerging markets, it partners with top South African financial institutions.
Hendrik du Toit, Founder and CEO of Ninety-One, has been leading the firm for over three decades, driving its growth from South Africa to global prominence.
With its strategic expansion, strong investment performance, and growing partnerships, Ninety One has solidified its place as a leading global asset manager, leveraging its expertise to attract significant inflows and enhance its portfolio.
