Summit Private Equity Fund 1

Impact Thesis

Our investment approach encompasses promoting financial inclusion, facilitating access to affordable healthcare, and ensuring access to affordable education.

We aligned the fund's measurable impact outcomes with the South African National Development Plan 2030 and the IRIS+ strategic goals. The fund has clearly defined objectives related to job creation, transformation, and diversity and inclusion. The action plans of portfolio companies are designed to contribute to these objectives.

The sector targets of Summit PE Fund I are aligned with the following impact targets. The fund's strategies identify opportunities that satisfy the criteria of growing value and creating a measurable social impact. The selected sectors for investment are backed by an expanding middle class, strong demand that outstrips supply, and growth which is not tied to market cycles. Extensive research has demonstrated that businesses operating within these sectors have consistently delivered above-average returns over the past decade and benefit from non-discretionary spending. Furthermore, private equity investors have multiple exit and liquidity strategies available within these sectors.

Impact Targets & IRIS Strategic Goals
Access to affordable quality healthcare:

Increasing consistent supply of essential services and products

Increasing access to medical diagnostics

Reducing financial barriers to health services

SDG Alignment
Fund Exposure
30% - 35%
Healthcare Investment Strategy
Invest in, expand and build new acute/day healthcare facilities that can meet the undersupply of affordable, quality healthcare services in the fund target areas.
Impact Targets & IRIS Strategic Goals
Access to affordable quality education:

Improving the successful transition of youth into the workforce and society;

Improving the quality of teaching and learning environments

SDG Alignment
Fund Exposure
30% - 35%
Education Investment Strategy
Invest in and expand accredited education groups that provide high-quality, affordable, accredited tertiary education, learnerships, and vocational & general training.
Impact Targets & IRIS Strategic Goals
Financial Inclusion

Increased savings, measured through the value of a voluntary savings account

Improving access to and use of responsible financial services for historically underserved populations

Supporting decent jobs and fostering economic development

Increasing gender equality through financial inclusion

SDG Alignment
Fund Exposure
30% - 35%
Financial Services Investment Strategy
Actively support financial inclusion by investing in companies that facilitate financial saving/lending products and services, particularly aimed at supporting the Low-to-Middle income population and SMEs.
Fund Exposure
30% - 35%
ICT Investment Strategy
Invest in companies that enable any of the portfolio company strategies the fund invests in.