The Fund Manager - FM Overview

PRIVATE EQUITY OVERVIEW

The Phatisa team covers the range of private equity services from the raising of new funds through to structuring private equity funds, sourcing and identifying investment opportunities, compiling investment submissions for investment approval, undertaking due diligence, completing investments, monitoring, and the value addition and exiting of investments. Additionally, Phatisa team members are available to work on investment and advisory committees, as well as run training programmes for private equity professionals.

Team members have previously worked with and managed funds in Indian Ocean Islands, Mauritius, Mozambique, the SADC region, South Africa, Tanzania, Zambia, Zimbabwe and Nigeria, West Africa.

FUNDRAISING TRACK RECORD

PAN AFRICAN INFRASTRUCTURE DEVELOPMENT FUND

Phatisa was appointed lead advisor in the establishment of the Pan African Infrastructure Development Fund (PAIDF) and was mandated to advise on structuring, development of the information memorandum, raising of funds, negotiations and first closing of the Fund.

The overall objective was to pool funding from African investors comprising pension funds, financial institutions and development finance institutions, into a fund that would undertake much needed infrastructure investments across the African continent. PAIDF will target investments in energy, telecommunications, transport, water and sanitation.

Phatisa successfully concluded its mandate. Investment commitments totalling US$ 625 million were secured, and PAIDF launched in June 2007. This is a landmark on two fronts. Not only is PAIDF the largest independent infrastructure fund on the continent, but it is the only fund of its kind in Africa which has launched purely with African capital.

Capital was raised from the following institutions:

Government Employees Pension Fund of South Africa (GEPF);
Barclays/ABSA Capital;
Development Bank of Southern Africa (DBSA);
African Development Bank (AfDB);
Old Mutual;
Standard Bank;
Liberty Life;
Metropolitan Asset Managers; and
SSNIT (Ghana).

Public Investment Corporation Limited (PIC) initiated the PAIDF from the conviction that Africa’s shortage of infrastructure represented an attractive investment opportunity that could be harnessed to the benefit of the continent and its clients. PIC is a major shareholder in the fund management company, Harith - which was established to manage the fund.

For more information visit the PAIDF Fund Managers' website: www.harith.co.za

Below: deal tombstone.

CONTACT DETAILS

If you require more information on the Lidonga Virtual Fund or would like to submit a business proposal please contact:

Stuart Bradley Senior Partner
Email stuartbradley@phatisa.com

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Last Update: 22 May 2013