Since 2005, we have built a cumulative investment portfolio of about R500 million, with an IRR north of 40%.
START-UP TO VENTURE CAPITAL
We started investing in 2003 using our own and “family & friends” funding to acquire residential real estate in the Johannesburg CBD.
We achieved superior returns and in the process we:
Built a cumulative portfolio of about 1,000 units across the city;
Started a Property Management Company managing a 29-building portfolio; AND
Started a Property Development Company for building construction and conversion projects.
During this time we also invested in the following businesses:
Consumer goods distribution;
Sasol fuel retail sites;
Transport and logistics; and
The tourism industry – hotel developments, like the Reef Hotel.
VENTURE CAPITAL TO PRIVATE EQUITY
We ADDED VALUE to our investments and have GROWN our fuel retail investment to create
The Fuel Company (TFC) with over 40 sites, with revenues of over R2 billion, employing over 1,200 people.
The company is a truly transformed enterprise with employees as shareholders through an employee investment trust whose beneficiaries are majority black. The return in this investment to date is a 40X.
We PARTNERED with Scania to start a Limpopo regional dealership, ADDING VALUE through our entrepreneurial efforts, and in the process GROWING the business 30x in 3 years.
LIONSHARE PRIVATE EQUITY
We have now formalised our fund management company, Lionshare Private Equity and are raising our first fund, Lionshare Fund I, with a target of R1 billion in commitments.
We aim to be the pre-eminent majority black-owned private equity manager and to invest in businesses with significant impact. We will PARTNER, ADD VALUE, and GROW these investments by leveraging our experience, expertise, entrepreneurial flair, and networks.
We will invest in businesses that are transformational and ADD VALUE to the ownership, management, and ecosystems to reflect the demographics of the country and continent.
In the process, we will continue to PARTNER with experienced investment professionals, thus ensuring diligent governance.