Salt Capital announces further close for its Salt Equity I fund
The private equity fund has secured capital commitments totaling $83 million.
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Salt Capital, a private equity fund manager focused on the Southern African Development Community region, has announced a further close of its SME focused fund, Salt Equity I, securing capital commitments totaling $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 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 Capital Limited 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 $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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