Public Investment Corporation |
FUND MANAGER DETAILS |
Year Fund Started | 01/01/1995 |
Type of Fund Manager | Unlisted Investements |
Regulatory License Number | FSP Number 19777 |
Total Number of Investments to Date | 31 (inclusive of investments through Fund of Funds) |
Number of Investment Executives | 38 |
Principal Office Address | 2nd Floor, Menlyn Maine Central Square, Corner Aramist Avenue & Corobay Avenue, Waterkloof Glen Extension 2, Pretoria 0181 |
Key Contact Person and Designation | Mauna Mahlare |
BEE Ownership | None of the above |
Company Description | The Public Investment Corporation is a South African state-owned entity with R1.907 trillion of assets under management as of 31 March 2020. It is Africa's largest asset manager. Established in 1911, it holds large stakes in several South African companies, and is one of the entities through which the government implements its policy of Broad-Based Black Economic Empowerment. The PIC is also responsible for investing the South African Government Employees Pension Fund. |
Telephone | +27 (0)12 742 3400 |
E-mail | mauna.mahlare@pic.gov.za |
Website | www.pic.gov.za |
FUND DETAILS |
Name of Fund | Isibaya Fund |
Committed Capital of Fund | R144 billion (9% of GEPF assets under management) |
Fund Structure | |
Nature of Fund | |
Number of Portfolio Companies | |
INVESTMENT PREFERENCES |
Minimum Investment | R10 million |
Maximum Investment | Usually not more than R2 billion |
Average Current Investment Size | US$10 million-US$20 million (ZAR115 million-US$235 million) |
Industry Preference | - Construction & Building Products
- Energy
- Logistics & Packaging
- Manufacturing
- Health & Medical & Life Science related
- Transportation
- Water & Sanitation
|
Industry Excluded | - Gambling
- Military services & Arms
|
Investment Stage Preference | - Early-Stage
- Expansion
- Buyout
- Venture Capital
- Buy-in
|
Investment Stage Excluded | |
Minimum and Maximum Equity Usually Taken | Determined on case-by-case basis |
Geographical Preferences | - SADC
- South Africa
- East Africa
- West Africa
- North Africa
- Pan-African
- Sub-Saharan Africa
|