Private Equity
- Subscribe for ordinary and preferred equity
- Target company minimum ZAR20 million EBITDA
- Target company minimum Enterprise Value of ZAR100 million pre investment money
- Growth Capital and Management Buyouts (“MBO”)
- Significant minority to control equity positions
- Partner with management teams to execute an investment thesis
- No extractive or sin industries and others on Exclusion List
- Investment horizon of 4-6 years
- Minimum required investment of ZAR40 million per portfolio investment
- Value added: ESG tools, templates and targets; board representation; strategy; capital structure optimization and support; M&A; networks; Black Economic Empowerment credentials and implementation
Private Credit
- Cash flow based subordinated and mezzanine debt funding
- Focus on lower end of mid-tier market
- Counterparties include private operating businesses and black industrialists
- Minimum required deployment of ZAR30 million up to ZAR150 million per portfolio investment
- Investment horizon of 4-7 years
- Value added: ESG tools, templates and targets; board observer role; capital structure optimization and support
Real Estate
- Core and Core Plus strategy
- Sector focus on commercial real estate: Retail and Industrial/Logistics
- Investment horizon of 4-6 years
- Minimum required investment per portfolio asset of ZAR50 million
- Value added: ESG tools, templates and targets; asset management; capital structure optimization and support
Infrastructure
- Core and Core Plus strategy
- Focus on economic infrastructure
- Target sectors include Energy; Digital; Transportation/Logistics
- Investment horizon of 4-8 years
- Minimum required investment per portfolio asset of ZAR50 million
- Value added: ESG tools, templates and targets; board representation; capital structure optimization and support
