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