South Africa’s largest black-owned asset manager, Sanlam Investments, is looking to raise an additional R35 billion (about $2.5 billion) for its range of impact funds. Sanlam injected R2.25 billion (about $161 million) of its capital when it launched the Investors’ Legacy Range in 2020 and has ambitions to attract like-minded investors to deliver on its goal of creating and preserving thousands of jobs and bolstering economic recovery.

The Investors’ Legacy range impact funds sha...