WDB GROWTH FUND
WDB Growth Fund, a Section 12J Fund, is an impact fund focused on increasing the participation of youth and women entrepreneurs in South Africa’s economy. The Fund takes equity positions in growth stage businesses.
Mandate: Partnered with WDB Investment Holdings and Grovest, the Fund’s mandate is to address the needs of growth-stage businesses while providing investors with Enterprise & Supplier Development points recognition and tax benefits.
Investment Opportunities: The WDB Growth Fund targets attractive investment opportunities in qualifying industry sectors, in the nominated ED and SD share portfolios. Capital contributions made by measured entities are utilized by the Fund Manager to provide ED and SD assistance to qualifying enterprises provided they are driven by experienced and proven entrepreneurs, match or exceed the required risk/return profile and are approved by the Investment Committee.
For Entrepreneurs:
Why apply for funding?
For a minority stake in your business, the fund provides”
- Capital to support business growth
- High impact post investment support
- Access to markets
- Access to specialist mentors
For Investors:
Why Invest in the WDB Growth Fund?
- Expert team with VC, private equity as well as entrepreneurial development experience
- Fund Manager is 51% BWO
- ED & SD recognition on your scorecard while driving real innovation
- Ability to turn your ESD spend from an expense to an asset
- Rigorous standards of Governance and Compliance
- Attractive pipeline of investable QSE’s and EME’s
- Impact growth stage businesses , job creation and transformation
All you need to know about WDB Growth Fund (the serious stuff)
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Qualifying investors
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Individuals, companies & trusts
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Minimum subscription
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R1 million
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Fund term
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5 – 10 years
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Investment size
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R1.5 – 10 million subject to a single asset limit of 10% of fund size
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Fund returns objective
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ED: Money back + CPI
SD: Money back + CPI + 10%
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Tax benefits
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Amount invested is deductible from taxable income in the year the investment is made
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B-BBEE benefits
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Corporate investors may receive recurring BBBEE ED & SD for once off investment in the fund
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Recent Investments
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Moshate Communications an integrated marketing communication & management company (www.moshatemedia.co.za)
PrimeStars sees cinemas nationally as “Educational theatres of Learning” for high school learners from disadvantaged communities (www.primestars.co.za)
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Source: www.seedengine.co.za
Seed Engine (Owner)
