A South African private equity firm is using environmental, social and governance (ESG) factors as a critical deal filter, applying the ESG lens from the very start of the transaction through to ongoing management practices and eventual sale. In fact, Sanlam Investments says its private equity arm has angled its investment process so tightly towards ESG that it literally 'can't do a deal unless the company ticks all the ESG boxes'.
Recent events have given rise to opportunities for some organisations to dispose of select non-core assets, this means that there are real prospects for entrepreneurial management teams to leverage PE to finance management buy-outs (MBOs).
The SAVCA 2021 Private Equity Industry Survey showed a marked decrease in fundraising, with an almost 22.1% decrease in the total value of funds raised. However, this was still higher than the 2016-2018 period – an encouraging finding and an indication of a possible rebound for the South African market.
Mercer’s latest Asset Allocation Insights 2021 report showed that most investors stayed the course with their asset allocation, even amid heightened volatility and uncertainty over the last year. For international investors, foreign equities now represent 51% of aggregate equity allocations, the first survey in which exposure outside of investors’ home markets tipped over the midpoint.
Empowerment Capital Investment Partners (Pty) Ltd has appointed Bongumusa Makhathini as its first chief executive officer. Makhathini is a Harvard Business School graduate and current chairman of the SABC Board. He has held several directorships, including at SA Breweries (Director of Corporate Affairs & Transformation), British American Tobacco (Director of Legal & External Affairs) and African Commercial Diplomacy Consulting (managing director).
Schroders is today announcing that it has united its specialist private assets investment capabilities under the newly launched Schroders Capital brand, created to deliver an enhanced service for its clients. “Growing Schroders private assets capabilities continues to be a key strategic focus for the business,” the company said in a press statement. “This has been...
Private markets now play a key role in institutional portfolios and as vital sources of equity and debt financing for companies, real estate and infrastructure. Yet investors still face hurdles in putting private assets to work—problems of access, integration, risk measurement and investment structure.
Alexander Forbes Investments has won the South African Institutional Investor Impact award from the Southern African Venture Capital and Private Equity Association (SAVCA) in recognition of its commitment to ESG and/or impact investing in South Africa.
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