Summit Africa has raised R1.6-billion (US$108-million) from limited partners to invest in private equity transactions in financial services, ICT, healthcare and education in South Africa, Namibia, Lesotho and Eswatini. The limited partners that invested in the fund included CDC Group, RisCura, Thuso Partners, 27Four Black Business Growth Fund and the National Fund for Municipal Workers. Summit Africa has a well-regarded environmental, social and governance strategy that resonates with a diverse group of investors.
Summit Africa’s private equity fund known as the Summit Private Equity Fund provides investors with access to scarce, high-growth, defensive, private equity investment opportunities in strategic sectors that contribute meaningfully to the social and economic transformation and development of local communities and South Africa as a whole. The fund is managed on a full-time basis by Summit PE Investment Managers (Pty) Ltd, a registered financial services provider.