Fund Target: R400m target AuM ($21.8 million)
Investing less than R40m ($2m) equity into predominately women-led and women-owned businesses.
Investing in demographics overlooked by traditional finance:
To close the SME funding & gender gap while empowering women on the continent, starting in South Africa, through a Gender Lens Fund that aims to invest and transform
R400 million ($21.8 million) – with R50million committed from a local Foundation endowment
R10m – R40m ($546,000 – $2.2million) with ability to deploy additional capital through co-investment
At least Significant influence
Primary Impact Outcome
Investing in innovative enterprises that:
Financial and Social Return
25 – 30% (Projected Gross IRR)
Alignment to the SDGs & National Priorities
Social and environmental metrics
Fund to use the revised and standardised Impact Reporting and Investment Standards (IRIS+) metric and sector customized metrics based on the focus area and investment
Fee on committed capital and includes an impact incentive structure (2/20) structure at an 8% hurdle.
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