Deal Street

Hlayisani Growth Fund Reaches First Close At USD 23.7 Mn
Hlayisani Growth Fund Reaches First Close At USD 23.7 Mn

Hlayisani Growth Fund (HGF), a fund managed by South African investment firm Hlayisani Capital, has reached its first close at USD 23.7 Mn to invest in high-growth, high-impact businesses. The funding round was led by Standard Bank, and prominent family offices in South Africa.

HGF is the first fund offered by Hlayisani Capital, an investment manager founded by a team of expert private equity investors, venture capitalists, and entrepreneurs that include Dr. Reuel Khoza and Michael Jordan. The firm has invested USD 13.5 Mn in seven companies which are Snapplify, Gometro, Ikeja, Wyzetalk, Sudonum, LEAP, and Opennetworks.