Development Impact Funds

The Development Impact team manages a number of funds, pursuing double-bottom-line returns, that is, a commercially acceptable return and a positive social impact.

The funds invest in assets/areas where gaps or backlogs in social infrastructure, economic development and job creation have not been adequately addressed by financial institutions. This includes affordable housing, black-owned SMME’s and social infrastructure such as schools.

The team currently manages three funds including:

• The Financial Sector Charter (“FSC”) Fund
• The Housing Impact Fund for South Africa (“HIFSA”)
• The Entrepreneurial Venture Finance (“EVF”) Fund

Furthermore, the team is in the process of establishing three funds including:

• The Schools and Education Investment and Grant Funds
• The Housing Impact Fund for Africa (“HIFA”)
• The Incubator Fund

The team responsible for these funds has in excess of 140 years of relevant experience.