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27four Private Markets

27four Private Markets is a division of the 27four Group of Companies offering private equity, gender lens and venture capital funds.

Black Business Growth Fund II

Investments

Co-investments

Research and Publications

Impact Outcome

Investment Activity

December 2017
Black Business Growth Fund I established
May 2018
Ethos Final close
June 2018
BBGF I Invests in Ethos Mid-Market Fund I
September 2018
Razorite Final close
March 2019
BBGF I Invests in PAPE Fund III
June 2019
Business Growth Fund II established
September 2019
BBGF II Invests in Summit Africa Private Equity Fund I
December 2019
BBGF I Invests in Razorite Healthcare and Rehabilitation Fund
January 2020
PAPE Fund 3 Final close
January 2021
BBGF II Final close
June 2021
BBGF II Invests in Vuna Partners
September 2021
Summit Africa Private Equity Fund I Final close
March 2022
Kleoss Capital Final close
May 2022
BBGF II Invests in Sanari Capital
September 2022
BBGF II Invests in Kleoss Capital
February 2023
Kholo Capital First close
March 2023
Vuna Partners Final close
September 2023
BBGF II Invests in Secha Capital
September 2023
Secha Capital First close
November 2023
BBGF II Invests in Kholo Capital
November 2023
Sanari Capital Final close
wdt_ID wdt_created_by wdt_created_at wdt_last_edited_by wdt_last_edited_at BPEM Targeted fund size First close (targeted) date First close (targeted) amount 27four commitment
1 274admin 2025/04/29 06:01 AM 274admin 2025/04/29 06:01 AM Summit R1.5bn+ Reached final close at R1.6bn in Sept-2021 R175m
2 274admin 2025/04/29 06:01 AM 274admin 2025/04/29 06:01 AM Sanari R1bn+ 31 May 22 R302m R175m
3 274admin 2025/04/29 06:01 AM 274admin 2025/04/29 06:01 AM Vuna Partners R600m+ Reached final close at R692m in Mar-2023 R200m
4 274admin 2025/04/29 06:01 AM 274admin 2025/04/29 06:01 AM Kleoss R1bn+ 30 Sep 21 R606m R200m
5 274admin 2025/04/29 06:01 AM 274admin 2025/04/29 06:01 AM Kholo Capital R1bn+ 18 Feb 23 R870m R200m
6 274admin 2025/04/29 06:01 AM 274admin 2025/04/29 06:01 AM Khumovest
7 274admin 2025/04/29 06:01 AM 274admin 2025/04/29 06:01 AM Secha R80m

Contact us on privatemarkets@27four.com or +2711 442 2464 for more information.

Black Business Growth Fund I​I

BBGF II commenced in 2014 and became an established partnership with Jobs Fund. The collaboration of Jobs Fund with 27four BBGF was to provide funding in the already existing 27four portfolio of mid-market private equity with the aim to invest in job creating projects.

What makes BBGF II different

In the Mid-market PE holistically has been performing well. However, in South Africa there are thousands of companies in the mid-market that need access to capital and empowerment credentials. So, the investments done through BBGF II in collaboration with Jobs Fund facilitates economic growth, job creation and transformation to a much greater extent than large buyout deals.

Contact us on privatemarkets@27four.com or +2711 442 2464 for more information.

Managers invested in:

27four: BBGF II: Summit

Summit South Africa was founded in 2016. With more investors seeking exposure to the fast growing African consumer markets, they saw a niche to create an Alternate Asset Class Investment Manager offering both a Private Equity and Real Estate Investment Fund. The advantage of any one Alternate Asset Class Investment Manager over another lies in the strength of their team’s industry knowledge and ability to creatively employ strategic enhancements that turn around underperforming companies providing their Institutional Investors with best returns.

27four: BBGF II: Sanari

Sanari Capital is a majority black-owned and women led fund manager. Sanari has a strong empowerment agenda and through their empowerment ensures the creation of shared value amongst stakeholders, as well as access to extensive investment opportunities as a result of the demand for black ownership solutions in the lower to mid-market companies

27four: BBGF II: Kleoss

Kleoss Capital is a South African mid-capital private equity investment manager that targets medium-sized businesses across the South African economic landscape. Kleoss’ investment focus is on well-run businesses in pivotal sectors of the South African economy, that also generate sustainable healthy profits and deliver sustainable growth. Kleoss Capital is also a 100% black owned and managed investment manager with a level 1 Broad Based Black Economic Empowerment (“B-BBEE”) accreditation.

Vuna Partners is a South African private equity investor focused on medium sized businesses across a range of sectors. We leverage our diverse collective experience, matched with our bespoke partnership strategies, to forge companies with enduring value. We are driven to create superior long-term value to the benefit of our investors, the management and employees of our investee companies, our strategic partners and society at large. Our partnership strategies seek to deliver superior long-term value founded on the recognition of a wider stakeholder body.

27four: BBGF II: Kholo

Kholo Capital is a mezzanine debt fund management business. Founded by former partners and shareholders of Vantage Capital, Mokgome Mogoba and Zaheer Cassim. The management team has more than 45 years of collective credit and investment experience and is highly skilled in senior debt, mezzanine debt and private equity. The team has a strong track record in the credit and investment space and has invested in excess of R40 billions of capital deployed in over 80 transactions in more than 10 African countries.

27four: BBGF II: Secha

Secha Capital is a Black, female-founded fund manager deploying its unique Operator-Investor model to invest in traditional companies across sectors in Southern Africa making the tech-enabled, green economy transition.

Contact us on privatemarkets@27four.com or +2711 442 2464 for more information.

Co-Investments:

27four: BBGF II: E4

e4 operates an Information Management platform that integrates the banks , law firms and other role players. e4 is coinvestment with BBGF II on behalf of Transnet Retirement Fund. The investment was made through two structures, namely e4 Investment Holdings which is the South Africa business and Continuum Holdings which are part of the Mauritius entity.

27four: BBGF II: Ballancell

Balancell believes that battery energy storage will play a key role in transitioning the world to renewable energy sources, helping to reduce climate change, bringing electricity to the last billion people and changing the way we move and live. Balancell’s mission is to help make this happen through giving batteries brains. We are changing the way that stored energy is supplied through batteries that manage themselves, protect themselves and report their use and condition remotely. Balancell is coinvestment with BBGF II on behalf of Transnet Retirement Fund

Contact us on privatemarkets@27four.com or +2711 442 2464 for more information.

Research and Publications

Videos
Site Visits

Contact us on privatemarkets@27four.com or +2711 442 2464 for more information.

Impact Outcome

Lessons learned schedule ***
– In the website folder
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Contact us on privatemarkets@27four.com or +2711 442 2464 for more information.

Agrarius - Historical Pricing