Sanari Capital Raises R1.25 Billion for Sanari 3S Growth Fund, Edging Closer to $100 Million Goal
Sanari Capital, a women-led and majority Black- and women-owned South African private equity firm, has successfully raised R1.25 billion (approximately $65 million) in the second close of its Sanari 3S Growth Fund. This brings the firm closer to its target of achieving a final close equivalent of up to $100 million. New investors in this round include the Public Investment Corporation (PIC) and Alexforbes Investments, both highly regarded financial institutions. Sanari Capital focuses on well-established businesses at an inflection point, investing between R50 million and R250 million, driven by technology, innovation, thematic growth drivers, and new markets. The fund’s investment philosophy aligns with evolving global themes such as technology, IoT, data, and services, with a strategic focus on sectors like education, healthcare, food security, and eco-friendly solutions.
Key Points:
- Sanari Capital, a majority Black- and women-owned private equity firm, has raised R1.25 billion in the second close of its Sanari 3S Growth Fund, moving closer to its $100 million goal.
- New investors in this round include the Public Investment Corporation (PIC) and Alexforbes Investments, prominent financial institutions in South Africa.
- Sanari Capital focuses on well-established businesses undergoing transformation, driven by factors like technology, innovation, thematic growth drivers, and new market opportunities.
- The fund’s investment philosophy centers on evolving global themes such as technology, IoT, data, and services, with a strategic focus on sectors like education, healthcare, food security, and eco-friendly solutions.
- Sanari Capital’s investment approach encourages businesses to broaden their horizons, emphasizing the concept of “local to regional, Africa to the world.”
- The capital invested by the fund qualifies as 100% black ownership in underlying portfolio companies, aligning with the firm’s commitment to diversity and relevance in the African market.
Analysis: Sanari Capital’s successful fundraise for the Sanari 3S Growth Fund underscores the confidence of investors, including major financial institutions like the Public Investment Corporation and Alexforbes Investments. The firm’s focus on established businesses at a turning point, driven by technological advancements and strategic growth drivers, reflects a forward-looking investment approach. Sanari Capital’s thematic alignment with evolving global trends and its emphasis on sectors with social impact further solidify its position in the market. The fund’s commitment to promoting diversity and black ownership in portfolio companies aligns with broader objectives of inclusive economic participation. This successful fundraising round positions Sanari Capital to play a significant role in supporting transformative businesses in South Africa and beyond.
