This latest survey, which covers the 2014 calendar year, reflects an expanded industry with R171.1 billion in funds under management as at 31 December, a slight increase from the start of that year.
The growth in funds under management in the South African market reflects the growing interest in investing in private equity locally. Since this survey was first published, the compound annual growth rate of funds under management over a fifteen year period has been 11.3% (excluding undrawn commitments).
The KPMG/SAVCA survey is conducted through questionnaires, supplemented by information sources such as interviews and international reports.
KPMG and SAVCA would also like to extend their thanks to all the participants in the survey. We are also grateful to the survey committee and to KPMG’s Private Equity Clients and Sectors team for all their efforts in producing this survey.