AIH Capital – 100% Black Women Owned and Operated South African Private Equity Fund Secures US$25 Million Investments
AIH Capital invests in South African women, giving them more investment opportunities and boosting financial inclusion
NEW YORK, NEW YORK, USA, August 30, 2022 /EINPresswire.com/ — With a thriving middle class and purchasing power growing at an exponential rate, the opportunities for investors to affect change in African communities are increasing. Impactful investing in Black women-owned businesses is especially important because these businesses, time and time again, reinvest their earnings back into their families and communities, raising the tide for all.
AIH Capitalthe managing partners, Jesmane Boggenpoel and Sindi Mabaso-Koyana, are the driving force behind efforts that secured US$25 million (R400 million) as a fund manager 100% owned and managed by black women. As private equity managers, they recognize opportunities to raise capital to invest in businesses and offer mid-sized companies a black female shareholder in South Africa with a seat on the board and help to the transformation of the organization in terms of gender. As two of the very few black women private equity managers in a predominantly white, male-run industry, they know what it’s like to be ignored.
In May 2021, AIH Capital was selected to participate in the inaugural 13-month Women Empowerment Mentoring and Incubation (WE>MI) Fund Manager Program of Southern Africa, funded by the United States Agency for International Development (USAID). ), and created and implemented by MiDA Advisors with on-the-ground support from the Southern African Venture Capital and Private Equity Association (SAVCA). Through the WE>MI program, AIH Capital was able to secure the technical assistance and investment facility support needed to mobilize key investments in the region. Nadine Mentor Williams, Partner and Senior Managing Director of MiDA, said, “AIH Capital’s experienced team, commitment to women’s financial inclusion and investment pipeline has attracted potential investors both locally than international. They illustrate the expanded opportunities when women fund managers participate in deal discussions.
Boggenpoel and Mabaso-Koyana know that Africa’s economic future will be strengthened by supporting and building more black women-owned businesses. AIH Capital is committed to its communities, ensuring that through its broad-based ownership structure, many Black women and their families can benefit.
“Too many South African-based businesses are overlooked, many of which are owned by black women. They are unable to find investors because they are perceived as inefficient, despite the strong experience of the team members,” says Mabaso-Koyana.
“We have been very successful in finding investors who want to grow financial inclusiveness in South Africa through responsible investing within an ESG framework that generates positive returns,” says Boggenpoel.
As of June 30, 2022, AIH Capital, in partnership with its parent company African Women Chartered Accountants Investment Holdings Group (AIH), has raised US$25 million (R400 million) in committed capital and secured a stake of 21.3% in Futuregrowth Asset Management, one of the main asset management groups in South Africa. The deal with Futuregrowth will provide opportunities for AIH Capital and its parent company AIH to bring their vision to uplift and impact women through investment opportunities and ensure greater financial inclusion . Futuregrowth also recently launched a US$35 million (R600 million) high-growth development fund targeting start-ups that will have a strong development impact. AIH Capital, as a female partner, helps them identify start-up companies through a gender lens. Like AIH Capital, the start-ups will be led and owned by women.
To date, AIH Capital has raised 50% of its target of US$50 million (R800 million) and is on track to raise the remaining funds. AIH Capital is a generalist fund investing in all sectors. For more information on fund opportunities, investment criteria and fund strategies, visit http://www.awcainvest.co.za/aih-capital.
About AIH Capital
AIH Capital is the fund manager of AIH Fund I, a general private equity fund. At AIH Capital, the majority of the issued share capital of AIH Capital is held by AWCA Investment Holdings, a company 100% owned by black women. The main investment objective of AIH Fund I is to make equity investments in mainly medium-sized and private companies. These portfolio companies will be in a variety of sectors and will exhibit quality operations and management, with attractive growth and return prospects. We promote the empowerment of women through our investments.
AIH Capital has built a strong investment portfolio, which includes ReefTankers, Atlas Panel Beaters, Hollard, Foskor and recently added Bidvest Protea Coin, Global Credit Agency and Futuregrowth Asset Managers.
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