Eskom pension and provident fund to boost private equity exposure
The state utility’s retirement fund is also launching a small to medium-sized enterprises debt fund
The Eskom Pension and Provident Fund (EPPF), which oversees the retirement savings of roughly 81,200 members who are past and present employees of the power utility, plans to boost its exposure to private equity and other asset classes.
The EPPF’s growing interest in other asset classes is part of a strategy to continue its diversification while boosting risk-adjusted returns for members while making a positive social impact. A December 2020 report by RisCura and the Southern African Venture Capital and Private Equity Association (Savca) on investment returns showed private equity funds delivered a pooled internal rate of return of 8.6% over the past 10 years...