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SA SME Fund

The SA SME Fund is a South African fund of funds that allocates capital to accredited fund managers investing in small and medium enterprises (SMEs). It focuses on supporting scalable SMEs with potential for growth and sustainable employment creation.

Recorded stages
Seed, Growth Equity
Focus sectors
Climate
Recorded regions
South Africa

Online destinations

Find SA SME Fund online

Where to find this organization online, grouped by who runs each page. A link here does not mean the organization controls it.

Official links

Pages the organization runs itself.

Overview

The SA SME Fund was established by members of the CEO Initiative, a collaboration between government, labor, and business aimed at addressing challenges to South Africa's economic growth. The organization focuses on supporting the small and medium enterprise (SME) sector by providing capital. It operates as a fund of funds, allocating investment capital to accredited fund managers who invest directly in scalable SMEs with potential for growth and sustainable employment creation. The fund mandates that 50% of its capital be invested in black-African owned and managed businesses, with an additional 25% allocated to Indian and Coloured owned and managed businesses. The remaining 25% is at the discretion of the fund manager.

Focus

The SA SME Fund invests in venture capital and growth-oriented equity funds that target small and medium enterprises. It mandates that 50% of its capital be invested in black-African owned and managed businesses, with an additional 25% allocated to Indian and Coloured owned and managed businesses. The remaining 25% is at the discretion of the fund manager, focusing on businesses with an enterprise value of less than R100 million.

Support

The SA SME Fund adds value by providing capital to fund managers who are focused on scalable, high-potential SMEs, thereby enhancing the entrepreneurial ecosystem in South Africa. It also emphasizes transformation and inclusion in its investment practices.

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