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Pamodzi Resource Fund

Pamodzi Investment Holdings, the Black Management Forum Progressive Company of 2007, is the fund advisor of the US$1.3-billion Pamodzi Resources Fund I (PRF). The PRF seeks to deliver superior financial returns for investors and partners through investing in the resources and mine-to-market infrastructure sectors in sub-Saharan Africa. With support from the South African Government and the private sector, the Fund is uniquely positioned to capture rapid growth in the sector. The PRF enhances the black economic empowerment profile of its portfolio companies and partners, in line with South Africa's broad-based black economic empowerment codes of good practice and sectoral black economic empowerment charters. The fund management team, led by Gerard Kemp, one of South Africa's foremost resources experts, has more than 100 years of local and international experience. The team is ably supported by a board of directors which includes the who's who of corporate South Africa.

 

Size of fundUS$ 1.3 billion
Nature of fundResources and resources-enabling infrastructure
Sources of fundsOffshore investors
Maximum investmentUS$324 million
Maximum possible dealUS$975 million (including gearing)
Minimum investmentUS$50 million (unless there is a compelling growth strategy)
Willing to syndicateYes
Industry preferenceResources and resources-enabling infrastructure
Preferred stage of investmentAll stages
Minimum and maximum % equity preferably takenPreferably controlling interests
GeographySub-Saharan Africa
Investment period10 years
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