Name of the fund
Ninety-One SA Recovery Fund
Fund administered by
Ethos Private Equity
Type of relief/support
Total size of the fund
Who does the fund target?
Businesses with a turnover of more than R300m per annum
All sectors, however emphasis will be placed on sectors in most need of financial assistance
Minimum amount you can apply for
Maximum amount you can apply for
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: