Grovest Venture Capital Company Limited  |
| FUND MANAGER DETAILS |
| Year Fund Started | 2014 |
| Type of Fund Manager | 12J VCC |
| Regulatory License Number | FSP Number: 44303 |
| Total Number of Investments to Date | 8 |
| Number of Investment Executives | 4 |
| Principal Office Address | 164 Katherine Street, Pinmill Office Park, Building 2, First Floor, Sandton |
| Key Contact Person and Designation | Jeffrey Miller |
| BEE Ownership | |
| Company Description | Grovest is managed by Grovest Corporate Advisory (Pty) Ltd (GCA). The GCA Management team comprises Industry experts with over 100 years’ experience. Grovest is a section 12 J VCC Fund formed under the auspices of SARS, which allows investors to deduct 100% of their investment in Grovest from their taxable income. Grovest provides one with a diversified investment in South African Private Companies whilst minimising the risk through the SARS approved Section 12 J tax deduction. |
| Telephone | +27 (0)11 262 6433 |
| E-mail | jeffm@grovest.co.za |
| Website | www.grovest.co.za |
| FUND DETAILS |
| Name of Fund | Grovest Venture Capital Company Limited |
| Committed Capital of Fund | Raising R100 million |
| Fund Structure | Capital raised from individuals and corporates |
| Nature of Fund | Early Stage, development capital, growth capital, expansion capital |
| Number of Portfolio Companies | 8 |
| INVESTMENT PREFERENCES |
| Minimum Investment | R50 000 |
| Maximum Investment | TBC |
| Average Current Investment Size | R100 000+ |
| Industry Preference | |
| Industry Excluded | - Agriculture & Forestry & Fishing
- Gambling
- Mining and mining related
- Real Estate / Property
- Tobacco & Alcohol
|
| Investment Stage Preference | - Early-Stage
- Expansion
- Growth / Development Capital
|
| Investment Stage Excluded | |
| Minimum and Maximum Equity Usually Taken | Investment dependant |
| Geographical Preferences | |