Avista Secures US$10m Investment from Global Investment Manager Ninety One, to Expand Financial Inclusion in Colombia to the Silver Economy
Bogotá D.C., July 09 of 2025
Avista, a leading fintech company specializing in lending and insurance solutions for payroll and pension markets, is pleased to announce a transformative milestone in its funding strategy: the successful issuance of a US$10 million international private securitization. The investment was made by Ninety One, an active global investment manager, with US$168.8 billion assets under management (as at 31.03.25), through its Emerging Market Private Credit Platform. This marks Ninety One’s first private credit investment in Colombia. The Rohatyn Group (TRG) served as the Administrative Agent and Arranger for the transaction. The proceeds will be used to originate payroll loans for underserved pensioners throughout Colombia, furthering Avista’s mission to provide accessible, responsible credit to the underbanked Silver Economy.
With more than US$15 billion deployed, Ninety One’s Emerging Market Credit Platform targets underserved and uncrowded markets and has 17-year track record of impactful investing across alternative credit. The transaction underscores strong confidence in Avista’s business model, market leadership, and commitment to financial inclusion.
Following an extensive evaluation of Colombia’s payroll loan fintech ecosystem, Ninety One and TRG selected Avista to close the country’s credit gap—particularly among low-income pensioners, due to its technology and nationwide presence. To date, Avista has originated more than US$450 million in payroll loans, serving thousands of clients across every department in Colombia.
This transaction builds upon an existing relationship between Avista and TRG. In 2023, TRG structured Avista’s US$15 million international securitization. That deal has demonstrated strong performance over the past 24 months through Avista’s management and servicing of sophisticated payroll loan financing structures.
“Ninety One’s goal is to provide long-term investment returns for our clients while making a positive difference to people and the planet, and Avista’s robust digital infrastructure and social mission align with this.” said Melissa Ventura, Director in the Emerging Market Alternative Credit, Ninety One. “This investment reflects our conviction in Avista’s ability to scale sustainably, expand access to credit for Colombia’s underserved communities, and deliver strong, impact-driven returns to our investors.”
“Avista exemplifies the type of company we aim to invest in,” said George Monserrat, Head of Private Credit at TRG. “This transaction reflects our continued confidence in Avista’s leadership and reinforces our long-term association as the company deepens its presence in Colombia’s credit markets. We are proud to support Avista’s ongoing growth”.
“We are proud to deepen our relationship with TRG and welcome Ninety One as a new partner. Their global reputation and investment expertise further reinforce Avista’s position as the most trusted fintech in Colombia among institutional investors,” said Martín Restrepo, Co-Founder and Co-CEO of Avista. “TRG’s continued trust in Avista—beginning with our first private international securitization and now with this new international note validates our strong track record and leadership in inclusive, impact-driven growth.”
This new investment brings Avista’s total funding to over US$400 million, focused on empowering Colombia’s underserved senior population, the Silver Economy, with support from top-tier global partners..
About Avista Avista was founded in 2019, focusing on payroll lending to under-banked pensioners in Colombia. In only 6 years Avista has become the leading fintech in its field, disrupting the market with its customer-centric and technology-driven business model. Avista is significantly more digitalized than its peers (100% digital and paperless origination). As of December 2024, the company had originated more than COP 2tn (US$450 million) and has in loan portfolio under management more than COP 1.3 Billion (US$317m). Additionally, the company is also a B Corp, proving its commitment to making products that cater towards their client’s needs, and is a signatory of the UN Global Compact ensuring best in class ESG practices. The company has received originator and servicer ratings by Fitch and S&P. For more information, visit www.avista.co
About Ninety One Ninety One is an active, global investment manager managing US$168.8 billion in assets (03.31.25). Our goal is to provide long-term investment returns for our clients while making a positive difference to people and the planet. Established in South Africa in 1991, as Investec Asset Management, the firm began as a small start-up offering domestic investments in an emerging market. In 2020, as a global firm proud of our emerging market roots, we demerged to become Ninety One. We are committed to developing specialist investment teams organically. Our heritage and approach let us bring a different perspective to active and sustainable investing across equities, fixed income, multi-asset and alternatives to our clients – institutions, advisors and individual investors around the world. For more information, please visit NinetyOne.com
About TRG Investments Founded in 2002, The Rohatyn Group is an asset management firm focused on emerging markets and real assets. Headquartered in New York the firm is comprised of ~150 professionals based in 16 countries across North and South America, Europe, the Middle East, Africa, India, Southeast Asia, and Oceania.
TRG’s regionally focused private credit teams generally aim to identify local lending inefficiencies and credit under-penetration in emerging markets to provide capital to mid-market companies across various sectors.
Media contacts:
Avista
Martin Restrepo (CEO)
[email protected]
Ninety One
Jeannie Dumas (Global ex-Africa)
[email protected]
Kotie Basson (South Africa)
[email protected]
TRG Investments
[email protected]
