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
  • Not specified
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


FUND DETAILS
Name of Fund Private Equity
Committed Capital of Fund
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
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
  • Not specified
Minimum and Maximum Equity Usually Taken Determined on a case-by-case basis
Geographical Preferences
  • SADC
  • South Africa
  • East Africa
  • West Africa
  • North Africa
  • Sub-Saharan Africa