Novare Equity Partners

FUND MANAGER DETAILS
Year Fund Started Novare Africa Property Fund I - 2010; Novare Africa Property Fund II - 2014
Type of Fund Manager Independent
Regulatory License Number FSB licence no 41836
Total Number of Investments to Date Novare Africa property Fund I - 4; Novare Africa Property Fund II - 6
Number of Investment Executives 8
Principal Office Address 5th Floor, The Cliffs Office Block 1, Niagara Way, Tyger Falls, Carl Cronje Drive, Bellville, 7530
Key Contact Person and Designation Benedict Mongalo
BEE Ownership Majority black owned
Company Description Given rising consumer spending by the increasingly affluent middle class in sub-Saharan Africa, the need for modern retail facilities far outstrips the current supply. Novare's experience and risk mitigating strategies in Africa assist in identifying and implementing sound development opportunities as well as navigating the renowned challenging landscape.
Telephone +27 11 447 9605
E-mail benedict@novare.com
Website www.novare.com and www.novareequitypartners.com
FUND DETAILS
Name of Fund Novare Africa Property Fund I
Stage of Fund Fundraising
Committed Capital of Fund R974,226,660
Fund Structure Company
Nature of Fund Specialist
Number of Portfolio Companies 4
INVESTMENT PREFERENCES
Minimum Investment R69 million
Maximum Investment R274 million
Average Current Investment Size R231 million
Industry Preference
  • Real Estate / Property
  • Financial & Insurance
Industry Excluded
  • General
Investment Stage Preference
  • Growth / Development Capital
Investment Stage Excluded
  • Seed
  • Start-up
Minimum and Maximum Equity Usually Taken 20% to 100%
Geographical Preferences
  • Sub-Saharan Africa


FUND DETAILS
Name of Fund Novare Africa Property Fund II
Committed Capital of Fund R4,817,362,975
Fund Structure Company
Nature of Fund Specialist
Number of Portfolio Companies 6
INVESTMENT PREFERENCES
Minimum Investment R69 million
Maximum Investment R822 million
Average Current Investment Size R243 million
Industry Preference
  • Real Estate / Property
  • Financial & Insurance
Industry Excluded
  • General
Investment Stage Preference
  • Early-Stage
  • Start-up
Investment Stage Excluded
  • Seed
Minimum and Maximum Equity Usually Taken 20% to 100%
Geographical Preferences
  • Sub-Saharan Africa