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.