Secha Capital, a black, female-founded fund manager, has achieved a first close of its second fund with R300 million in investments from prominent backers including RMB – Rand Merchant Bank Ventures, 27four Investment Managers, SA SME Fund, and Caleo Capital. Secha Capital, founded in 2017, focuses on traditional companies in Southern Africa transitioning into the green economy. The fund employs an Operator-Investor model, deploying skilled human capital resources into portfolio companies to drive high-impact value creation projects. The first close enables Secha to expand this model, which has demonstrated success in generating financial returns and social impact, particularly in women-founded businesses.
Key Points:
- Secha Capital, a black, female-founded fund manager, has achieved a first close of its second fund with R300 million in investments from notable backers.
- The fund focuses on traditional Southern African companies transitioning into the green economy through its Operator-Investor model, deploying human capital resources for value creation.
- The first close of the R650 million fund allows Secha to expand its Operator-Investor model, which has shown success in generating financial returns and social impact, especially in women-founded businesses.
- Secha Capital’s unique approach aims to re-imagine African investing, supported by significant investors on the continent.
Analysis: Secha Capital’s successful first close of its second fund demonstrates the appetite for investments targeting the green economy transition in Southern Africa. The fund’s Operator-Investor model, which combines equity investments with human capital support, has proven effective in driving financial returns and social impact, particularly in women-founded businesses. The backing from prominent investors underscores the confidence in Secha Capital’s approach and its potential to reshape African investing. This development aligns with broader efforts to promote sustainable and inclusive economic growth across the continent, highlighting the role of innovative investment models in achieving these goals. The success of Secha Capital’s unique approach may serve as a model for other funds looking to blend financial returns with meaningful societal impact in the African context.
