Creating strong foundations
The SA SME Fund was established by members of the CEO Initiative – a collaboration between government, labour and business to address some of the most pressing challenges to the country’s economic growth – as an avenue of support for the SME sector.
We are passionate about nurturing our country’s vast entrepreneurial spirit by providing much-needed capital. Where there are existing structures that are already efficient, we will support these, instead of duplicating efforts.
What we do
We allocate investment capital to accredited fund managers – venture capital or growth oriented equity funds – that invest directly in scalable small and medium enterprises with the best potential for growth and sustainable employment creation in the South African economy.
Through our structure as a fund of funds, we can reach a greater network of businesses than we would have been able to through direct investment in SMEs. This will enable the Fund to ultimately have a more significant impact on employment and value creation.
Overview of the fund
The SA SME Fund invests in funds that support and
We are mandated – through our partner funds – to invest 50% of our capital into black-African owned and managed businesses, with a further 25% being dedicated to Indian and Coloured owned and managed businesses, with the remaining 25% being at the discretion of the fund manager.
The businesses that our funds invest in typically have an enterprise value of <R100m.
We invest in 3 types of funds
Venture Capital Funds (Seed, Pre Revenue and Post Revenue)
Growth Funds (Revenue Generative and Profitable)
Social Impact Funds