South Africa: RH Managers on fundraising drive

RH Managers (RHM), a Johannesburg-based private equity and infrastructure investment firm, is on a fundraising drive for a R2 billion (about $107.7 million) Social Impact Fund to boost South Africa’s healthcare and energy infrastructure.

Although far more developed compared to its African country peers, latest statistics indicate that South Africa will have an infrastructure investment gap of R4.8 trillion ($293 billion) by 2030 unless it increases investment in infrastructure to meet the targets set under the National Development Plan.

The firm plans to have the fund’s first close in December this year and the second close of the fund is earmarked for June 2025.

Quinton Zunga, co-founder and CEO of RHM and RH Group said, “We are quite excited about the launch of Fund 3, and we believe the market will respond positively to our offering, not only because of the attractive long-term financial returns provided by infrastructure assets but also the positive development impacts that these have on societies. We will employ expertise and lessons learnt from prior funds to construct a balanced portfolio that will deliver measurable social impact and maximise returns for our investors.”

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