Maharlika investment funding likely to wait until 2027
The Philippine state investment company expects to announce two or three deals before the end of 2026, but funding would likely follow next year.
Maharlika Investment Corp. (MIC) may wait until 2027 to put up to ₱4 billion into prospective investments, president and CEO Rafael Consing Jr. said, distinguishing planned deal announcements from the release of money.
Consing said the state-run company expects to announce two or three transactions by December. He clarified that the potential ₱2 billion to ₱4 billion he had discussed referred to deals being announced, rather than funds being deployed.
The potential investments cover utilities and infrastructure, industrials and possibly agriculture. They remain subject to due diligence and board approval. Consing said MIC selects projects for both their financial returns and wider economic benefits.
MIC’s cumulative capital deployment stood at ₱24.7 billion at the end of September, the same as in June, with no new investments during the third quarter. Consing had previously said the fund would fall short of its ₱35-billion target for 2026 after postponing a proposed further investment in Synergy Grid & Development Philippines Inc.
Separately, MIC has applied for full membership of the International Forum of Sovereign Wealth Funds, where it currently holds associate status. Consing said a decision could follow the organisation’s meeting in Greece.
Consing’s term ends on Nov. 23. He said the board could announce the transactions after he leaves, while work on the leadership handover continues.
