Portfolio Investment Criteria

The criteria noted below apply to the Fund on a macro level and provide guidance on the portfolio construction.

Our aim is to participate and help with growth prospects for established small cap businesses. Businesses with a proven track record and established management team.

The preferred investment size for this fund:

  • EBITDA range from R15m to R50m
  • EBITDA Sweet Spot of R20m to R40m
  • EV less than R100m
  • Cheque size ranges between R10m to R80m (where necessary, we are able access additional capital)
  • Equity stakes ranging from 26% to 45%
  • 25% IRR Net Return