1. Funding Info
  2. COVID-19 relief funds
  3. Banks/Private sector funds now closed

Ninety-One SA Recovery Fund

FUND DETAILS

Name of the fund                                                             

Ninety-One SA Recovery Fund

Fund administered by                                                     

Ethos Private Equity

Type of relief/support                                                     

Not stipulated 

Total size of the fund                                                      

R10bn

Who does the fund target?                                           

Businesses with a turnover of more than R300m per annum

Sector target                                                                 

All sectors, however emphasis will be placed on sectors in most need of financial assistance            

Minimum amount you can apply for                                         

Not stipulated 

Maximum amount you can apply for                            

Not stipulated

PURPOSE OF THE NINETY-ONE SA RECOVERY FUND:  

The fund’s objective is to support the preservation of the country’s productive capacity and economic recovery from the effects of the COVID-19 pandemic, while seeking an attractive return for investors. The fund will consist of a concentrated portfolio with an appropriate mix of senior and subordinated debt, preferred equity, listed equity and private equity with a deployment time horizon of 18 to 36 months.

FUNDING CRITERIA FOR THE NINETY-ONE SA RECOVERY FUND:  

A business must have a turnover of R300m or more. Further information to follow.          

HOW TO APPLY FOR THE NINETY-ONE SA RECOVERY FUND: 

Information yet to be stipulated. 

ADDITIONAL INFORMATION FOR THE NINETY-ONE SA RECOVERY FUND: 

Visit https://ninetyone.com/en/south-africa/how-we-think/insights/coronavirus/the-ninety-one-sa-recovery-fund .

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