Maharlika holds P71B in investable capital

MAHARLIKA Investment Corp. (MIC) said it holds about P71 billion in deployable capital for future investments, including potential stakes in companies preparing to go public.

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ICI members at work.

(PHILIPPINE STAR/NOEL PABALATAN)

“We have about P71 billion available for deployment still,” MIC Vice-President for Investments Kheed Ng told BusinessWorld via Viber on Dec. 8.

The sovereign wealth fund is set to receive another P50 billion from the government in the next few months, he said.

State-run Land Bank of the Philippines and Development Bank of the Philippines invested a combined P75 billion in Maharlika earlier this year.

Mr. Ng also said the MIC has reviewed opportunities in water and healthcare for initial public offering (IPO) investments, but added, “due diligence will take more time.”