Edge Growth

"Overview

Edge Growth manages over R200 million rand of enterprise development funds; and provides cost-effective outsourced fund solutions for contributions of any size.

Edge Growth offers two types of fund solutions which meet the needs of corporates looking to own their E&SD strategies but outsource the non-core activities of ED fund management.

For companies with ED budgets in excess of R15m, Edge Growth works with clients to develop an ED strategy and set up an appropriate fund vehicle capable of achieving the company’s objectives, accumulating the desired ED points and meeting all legal requirements required to gain their BEE points. We manage the investments at a portfolio level and provide reporting to the company against defined objectives. Edge currently manages the ASISA fund, designed to pool resources and make investments on behalf of the insurance industry and First Rand’s Vumela Fund, a fund designed to invest in growing SMEs to create jobs and grow First Rand’s customer base.

For companies with ED budgets of less than R15m, Edge Growth manages our in house fund; Edge Action. This caters for companies who do not wish to set up their own fund and instead want to invest their money in an existing portfolio of ED projects. These projects have been through our rigorous due diligence process designed to test for long-term sustainability and social impact. Where a company wants to identify an initiative within its supply chain, we can do this too. The Trust provides tailored business development support and manages the deployment and repayment of funding, providing the company with a hassle-free ED solution. We offer companies immediate ED points, robust reporting and peace of mind that their funds are being used in the true spirit of the Codes.

Our goal within the Fund Management division is to offer companies social impact on a more commercially viable basis and with a level of operational involvement manageable by the client

Fund Value Proposition	Our funds provide the following benefits to investors: • Outsourced, cost effective, immediate BEE points in line with the spirit and letter of the BEE codes • Sound corporate governance • Ongoing business development support to ensure sustainability of enterprises Each fund is then tailored to meet each client’s unique business objectives:
	•  In-house  E&SD fund solution for businesses of any size •  Invests in SMEs that will create high social impact •Capital preservation for lenders	• Tailored, collaborative fund solution for the savings and investment industry • Investments focused on supply chains within the industry • Return on investment for investors	• Tailored fund solution designed for First Rand • Investment in SMEs to grow FNB’s customer base • Investments made in high growth potential businesses to create jobs and social impact • Return on investment for investors
Funds under management	• R10m, made up of investments ranging from R1000 and up • R1.75m invested	• R30m • R 5m invested	• R186m • R80m invested
Clients	Rand Mutual Assurance (RMA), SAB, Entersekt, Avanade SA, BankServ, Bank of America – Merrill Lynch, Philips, NMG, Surtees, African Rail and Traction (ART), Autozone	Sanlam, Momentum, Liberty, Allan Gray, Swiss Reinsurance, Prudential, State Street, Afena Capital, Taquanta, Kagiso Asset Management, Eris Property Group, Alternative Prosperity	First Rand
Fund Started	January 2012	March 2013	May 2010
Companies invested in	Cabs 4 Women, Hail Thee, Straight To Your Door, Ek Se Tours, Save-It, Afropark, Mpilenhle, Klip Valley, The Dealer’s Market, Opti-Baby  http://www.edgegrowth.com/	Reel Gardening, SMeasy	Agriligna, Opti-baby, ENV&E, FB Mining, Coega Autospray, Everlytic, Prominent Tulips