Investment Strategies

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