Sanlam Private Equity targets R3bn for new mid-market fund

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SPE plans to raise fresh capital and partially recycle R1.9bn in proceeds from the sale of three investments in the past year

Sanlam Private Equity plans to raise between R2.5bn and R3bn in capital for its new mid-market fund that will invest in medium-sized SA companies.

The fund will target businesses with annual ebitda of between R50m and R250m but will avoid early stage companies and those involved in mining, infrastructure or agriculture...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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