Sanari Capital Raises USD 28 Mn In First Close Of New Fund

The Sanari 3S Growth Fund (Sanari 3SG) from Sanari Capital has just closed its first round of investment at R475 million (USD 28 Mn). The private equity firm looks primarily to South African firms with regional and global potential for investment. Leading institutional investors such as the 27Four Black Business Growth Fund, RisCura (on behalf of various clients), and the National Fund for Municipal Workers have committed to Sanari 3SG at its first close.