London, October 2024
Salt Capital, a private equity fund manager focused on the SADC region of Africa, is pleased to announce a further close of its SME focused fund, Salt Equity I, securing capital commitments totaling US$83 million.
Jan Bosch, Managing Partner of Salt Capital commented:
“We are very honored to have secured further support from a strong mix of LPs ranging from prominent DFI investors, including the Dutch Good Growth Fund (“DGGF”), managed by Triple Jump, through to more commercially structured investors, some of whom have a long and established track record of investing in Africa, and who have chosen Salt Equity I to be their first point of entry to the SME asset class in the Southern Africa region. We are particularly proud of securing a commitment from South Suez Africa Fund III who recently increased their commitment to the Salt Equity I fund to become its largest LP. We are also very pleased that nearly a third of our investors consist of family offices, but more importantly we appreciate the trust these families have placed in Salt Capital and acknowledge the responsibility that comes with managing a family office commitment.
We look forward to working closely with all of our LPs over the coming years and believe that Salt Equity I is well positioned to deliver on its stated objective to unlock both financial as well as impact driven value for its stakeholders. The Salt Equity I fund is set to conclude its final close in December 2024, and we are confident of reaching our target fund size of US$100 million.
I would like to thank all our advisors to date, with particular thanks to Osborne Clarke, our lead legal counsel as well as Ogier, our legal counsel in Jersey.”
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Enquiries
Email: info@saltcapital.com
Notes to Editors
About Salt Capital
Founded in 2012, Salt Capital is a private equity fund manager focused on SME growth capital investments in the sub-Saharan Africa. Based in London and Johannesburg, Salt Capital’s four Partners have built a track record of successful private equity investments with a core focus on the African consumer. For more information visit www.saltcapital.com or follow on LinkedIn.