Futuregrowth to launch R600m early-stage development equity fund
The time is right for a risk-seeking offering, says chief investment officer Andrew Canter
Futuregrowth Asset Management, which oversees about R193bn, is launching a high-growth development equity fund, which will target investments in early-stage businesses that are expected to have a strong developmental impact.
The Futuregrowth High Growth Development Equity Fund (HGDEF) will form part of the firm’s suite of developmental investment funds, which span a range of impact areas such as infrastructure, social services, clean power, agriculture and regional development. The fund will target venture capital to early-stage private equity investments and will sit alongside the Futuregrowth Development Equity Fund (DEF), which has a 16-year track record of investing in developmental unlisted equity...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.