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Medu Capital Fund III

Medu Capital Fund III is a private equity fund with a multi-sector mid-market strategy in South Africa. The fund has a target fund size of USD 300m and will make investments of USD 7-47m in medium-sized businesses with an enterprise value between USD 13-130m.

Medu Capital Fund III

Medu Capital Fund III is a private equity fund with a multi-sector mid-market strategy in South Africa. The fund has a target fund size of USD 300m and will make investments of USD 7-47m in medium-sized businesses with an enterprise value between USD 13-130m.

About the fund

The fund manager invests with a view to increase the earnings of portfolio companies, and play an active role in the boards of portfolio companies. Beyond strategic advice, business operations will be improved through value enhancing ESG initiatives including Black Economic Empowerment. Based on Medu Capital’s track record, portfolio companies can be expected to make strong contributions to job creation, skill improvement, and provision of economic opportunities to previously disadvantaged South Africans.

Johannesburg-based Medu Capital Limited is an experienced private equity investment manager with a successful track-record of investing in South Africa since 2003. The fund is the manager’s third fund.

SIFEM is a first-close investor and has committed USD 7m to the fund. The commitment is expected to provide an important signalling effect, and assist the manager to raise further international capital.

Investments by the fund

             
Date Name Country Industry Status
2016 Company 1 South Africa Transportation and storage Active
2019 Company 2 South Africa Insurance Active
2018 Company 3 South Africa Farming, fishing and plantations Active
2019 Company 4 South Africa Other financial services Active
2016 Company 5 South Africa Chemicals and chemical products Active
2013 Company 6 South Africa Education Active
Reference code
2013-03
Status
Active
Date of commmitment
September 2013
Date of exit
-
Fund size
USD
300,000,000
SIFEM commitment
USD
7,000,000
Asset class
Private Equity
Investment strategy
Investment through Fund
Fund manager
Medu Capital Limited