The SA SME Fund is an independent, standalone investment vehicle governed by a highly experienced board of directors and supported by an independent investment committee.

Our executive management team leads day-to-day operations, drives investment due diligence, oversees portfolio performance, and ensures that our transformation, ecosystem development, and strategic objectives are embedded across everything we do.

Experienced. Purpose-driven. United by a commitment to inclusive growth.

Leading by example: our team brings deep experience across venture capital, private equity, entrepreneurship, finance, economic development, and governance. We combine institutional rigour with a real understanding of the challenges facing South African entrepreneurs.

The team

Ketso Gordhan

Ketso Gordhan

Caryn Winter

Caryn Winter

Claudia Manning

Claudia Manning

Lumka Mlambo

Lumka Mlambo

Ryan Harrison

Ryan Harrison

Reabetswe Mjekevu

Reabetswe Mjekevu

Lerato Mashaba

Lerato Mashaba

Board of directors

Our Board comprises respected business leaders with deep experience in investment, entrepreneurship, finance, and governance. They ensure accountability, strategic oversight, and alignment with our mission.
Adrian Gore

Adrian Gore

Fareed Chothia

Fareed Chothia

Judy Dlamini

Judy Dlamini

Lisa Klein

Lisa Klein

Nigel Payne

Nigel Payne

Yvonne Muthien

Yvonne Muthien

Phuthi Mahanyele-Dabengwa

Phuthi Mahanyele-Dabengwa

Johan Bosini

Johan Bosini

Investment committee

Our independent Investment Committee evaluates and approves all fund commitments. The members bring decades of experience across private equity, venture capital, SME finance, portfolio construction, and governance.
Michael Jordaan

Michael Jordaan (Chair)

Nazeem Martin

Nazeem Martin

Mamedupi Matsipa

Mamedupi Matsipa

Eutychus Mbuthia

Eutychus Mbuthia

The SA SME Fund is established with R1.4bn raised from initial investors

Fund 1 commits to 16 managers

SMME Crisis Partnership Fund (Debt) – R300m raised

Venture Capital Fund of Funds reaches First Close

Seed Fund of Fund launches – R300m raised

Black Professionals Associate Programme launches

Venture Capital Fund of Funds reaches Final Close: R1.3bn raised

Seed Fund of Fund’s mandate extends to support Climate Funds