"Utho SME Infrastructure Fund
The Utho SME Infrastructure Fund was established by Utho
Capital Fund Managers (Pty) Ltd. The fund achieved a first closing in
April 2011 of R61.5 million with commitments from the Industrial
Development Corporation (“IDC”), the Small Enterprise Finance Agency
(“sefa” previously known as Sefa) and the founder Utho Capital. The
Fund Manager is seeking to raise additional capital commitments to
secure total fund commitments of R120–300 million.
The Fund seeks to achieve long term capital gains by
investing in high growth Small and Medium Enterprises (“SMEs”) involved
in “infrastructure development” which encompasses various types of
businesses involved in construction, manufacturing, material suppliers,
transport, logistics, power, renewable energy and property development
in South Africa.
The fund has closed four investments West Coast Power
Solutions (a renewable energy business), Bantsho Homes and Maintenance
(a construction company), Richards Family Investment Properties (a
property development company) and WHTP Construction.
The challenge and opportunity for the fund is to identify
small to medium sized companies with strong management and the ability
to scale up rapidly with the right level of support, to enhance the
portfolio companies’ value. Utho Capital Fund Managers will assist
these businesses with not only the provision of capital but value-added
committed and practical hands on business support services in respect of
strategy, fund raising, financial controls and reporting..."
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