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Sanari Capital, a women-led and majority Black- and women-owned South African private equity firm, has successfully raised R1.25 billion (approximately USD 65 M) for its growth fund. The fund is poised to play a pivotal role in fueling employment opportunities and fostering economic growth in South Africa and across the African continent. This marks the second closing for the Sanari 3S Growth Fund as the firm edges closer to its goal of reaching a final close equivalent of up to USD 100 M.
New investors in this closing include the Public Investment Corporation (PIC), one of the largest asset managers on the African continent, and Alexforbes Investments, one of South Africa’s leading and largest provider of multi-manager investment portfolios and related investment services in Southern Africa, with R450 billion in assets under management and administration. The PIC manages capital for the Government Employees Pension Fund (GEPF), which is the largest pension fund in Africa.
Sanari Capital invests between R50 million and R250 million in well-established businesses at an inflection point, driven by technology, innovation, thematic or sectoral growth drivers, and new markets. The firm’s investment philosophy is centred on themes aligned with the ever-evolving global landscape, focusing on technology, a more interconnected digital world, IoT, data, and services. Moreover, in line with the growing global consciousness of social responsibility, Sanari strategically invests in sectors such as education, healthcare, food security, and eco-friendly solutions.