Description: Awethu is innovating across the private equity operating model in order to make it possible to write equity cheques as small as $750K in fast-growing SMEs and to ultimately exit these investments.
Their first fund is a $23M fund with South African Breweries (“SAB”), one of Africa’s biggest corporations.
The fund is also supported by Absa, one of Africa’s biggest banks.
The fund takes equity stakes in SAB suppliers, de-risking investments through long-term offtake agreements with SAB. Awethu has completed the fund’s first five transactions, and aim to deploy $7M+ by end April, 2017. Awethu is now raising further equity and debt financing to scale the model.
What are targeted returns?
The fund’s target IRR is 20%+
Social returns are wealth transfer to Black South Africans
Awethu Projects (Owner)
