Business Incubator
SME Equity Fund

Invest in solving the $250B SME equity problem in emerging markets

WHAT WE DO

  • • We’re innovating across the private equity operating model in order to make it possible to write equity cheques as small as $750K in fast-growing SMEs and to ultimately exit these investments
  • • Our first fund is a $23M fund with South African Breweries (“SAB”), one of Africa’s biggest corporations
  • • The fund is also supported by Absa, one of Africa’s biggest banks

HOW DOES IT WORK?

  • • The fund takes equity stakes in SAB suppliers, de-risking investments through long-term offtake agreements with SAB
  • • We have completed the fund’s first five transactions, and aim to deploy $7M+ by end April, 2017
  • • We are now raising further equity and debt financing to scale the model

WHAT ARE TARGETED RETURNS?

  • The fund’s target IRR is 20%+
  • Social returns are wealth transfer to Black South Africans
  • Job creation
  • Skills transfer
  • The creation of Black South African role models

Our Investors

Sefa
Discovery
Accenture
Jobs Fund