Sanlam Investments seeks to raise further capital for impact funds

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 share the common goal of backing companies negatively affected by Covid-19, but which have a strong likelihood of producing sustainable cashflows after the pandemic should they receive the required financial support. Each fund focuses on a different part of the market – SMEs, mid-market and large corporates – and will provide financing in the most appropriate form, whether it be in the form of loans or equity investment.

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