Johannesburg, 23 February 2021 – The Hlayisani Growth Fund (HGF) has announced its first close at R350m to invest into high-growth, high-impact businesses. The funding round was led by Standard Bank and prominent SA family offices.
Focussed on the SME ecosystem, the HGF tackles the existing SME funding gap between early-stage venture capital and more traditional private equity in South Africa. The Fund offers strategic support and capital to high-growth, highly scalable SMEs with a proven track record, and specialises in growing these SMEs into large, successful enterprises that operate across multiple territories, create jobs and generate export revenue domestically. READ MORE