Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Lion Pride Agility Fund launches to invest in South African impact ventures



ImpactAlpha, February 12 – Cape Town-based Newtown Partners and Lion Pride Investment Holdings in Johannesburg have announced plans to raise and co-manage a ZAR500 million ($37.4 million) fund that will in invest in small and medium-sized South African enterprises.
The Lion Pride Agility Fund has two distinct share classes targeting two separate themes and risk-weighted returns.
Class B “impact investing” shares that will target fintech, education, healthcare, food and 4th industrial revolution ventures serving the 13.5 million South Africans at the “bottom of the pyramid.” The impact investing pool will aim to return “2.5 to 3 times the risk capital invested within 6 years,” according to the Lion Pride website.
Class C “emerging technology” shares will focus on South African startups with highly scalable and disruptive business models in fintech, agritech, on-demand services, business process outsourcing, renewables and edtech and aim for “an IRR of 35% over a 5-year period.”
The two South African firms have structured the fund as a section 12J fund, which allows investors to deduct 100% of their investment from their taxable income, in exchange for investments into small and medium-sized enterprises with the potential to stimulate economic growth and create jobs.
The structure, LionPride’s Deven Govender said the 12J Marketplace Conference, provides “a great incentive for investors to invest in projects of a developmental nature that can positively impact employment in South Africa.”

You might also like...