In the calendar year 2012, the local private equity industry added 10.4% to its total funds under management, which closed at R126.4 billion. The 2012 growth surpasses the previous four years’ combined cumulative growth of only 4.6%.
Now in its thirteenth year, the Survey represents over 90 percent of total South African private equity funds by value. Current funds under management represent a compound annual growth rate of 11.6 percent (excluding undrawn commitments – i.e, those funds committed by investors but not yet deployed) since the inception of the survey in 1999.
Further indication of increased activity in the South African private equity industry is the announcement by the Government Employees Pension Fund (GEPF) that it intends to deploy up to R60 billion into private equity over the forthcoming years.
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