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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.

A blended finance partnership between 27four and USAID Southern Africa Mobilising Investment, aimed at advancing diversity, equity and inclusion (DEI) within Southern African private markets.
USAID
fundHERforward

What makes fundHERforward different

Managers who have received Working Capital

Impact Outcome

Investment Activity

November 2023
fundHERforward established
July 2024
Working capital awarded to 4 managers
Announcements

Videos 

All the pieces matter 

Events 

Contact us on fundHERforward@27four.com for more information on our offerings, applying for the warehousing facility and for details on our fundHERforward managers (AlphaCode Venture Partners, Digital Africa Ventures, EG Capital and Tshiamo Impact Partners) 

What makes fundHERforward different

fundHERforward empowers first time women-led fund managers to focus on building deal pipeline and securing funding, freeing them from the financial pressures that often hinder.

USAID
fundHERforward

Contact us on fundHERforward@27four.com for more information on our offerings, applying for the warehousing facility and for details on our fundHERforward managers (AlphaCode Venture Partners, Digital Africa Ventures, EG Capital and Tshiamo Impact Partners) 

Managers who have received Working Capital

Alpha Code

AlphaCode Venture Partners is a leading independent venture capital firm investing in early-stage businesses that are post-revenue and have demonstrated product-market fit. Focusing on technology-enabled businesses in financial services (fintech) and related industries such as agri, health, education, and climate, AlphaCode aims to partner with exceptional entrepreneurs to build scalable, sustainable companies with global relevance.

DAV

Digital Africa Ventures (DAV) is a long-term, value-oriented investor serving underrepresented founders across Africa who are building technology businesses at the seed stage. DAV not only provides capital but also offers value-added services, acting as active business partners in the growth journeys of their portfolio companies. They leverage an extensive network, industry expertise, and operational experience to bring real value beyond funding.

EG Capital

EG Capital is a private debt impact fund with a thematic investment strategy for US$120 million in climate adaptation and gender equity. Based in Lusaka and Nairobi, the EG-Economic Empowerment Fund invests growth mezzanine capital in medium-sized businesses within the Food, Health, and Education sectors in East Africa and Zambia.

Tshiamo Impact Partners_Refine Logo FINAL_FULL COLOUR

Tshiamo Impact Partners is raising R400 million ($22 million) for a private equity vehicle providing fit-for-purpose capital to impactful South African gender-smart businesses (2X criteria compliant). Tshiamo aims to be job accretive and drive meaningful impact

Contact us on fundHERforward@27four.com for more information on our offerings, applying for the warehousing facility and for details on our fundHERforward managers (AlphaCode Venture Partners, Digital Africa Ventures, EG Capital and Tshiamo Impact Partners) 

Impact Outcome

Working Capital Support
USAID

$750,000 Fully secured  
Fully awarded 

To provide working capital facilities to a minimum of four promising managers. Ensure sustainability for 12-24 months before the first close. Support managers in sustainably achieving the first close (R462m per fund) within 24 months. 

Progress to date: 
Completed process with 4 managers awarded the working capital on 28 June 2024 

Warehousing Pilot
USAID
Transnet Retirement Fund

R100m Fully secured  
Applications are open 

Objectives: 
Make R100m warehousing capital available for one or two transactions. 
Enable female fund managers to build track records and assist to achieve a first close (at least R462m) within two years post-implementation 

Progress to date: 
Opened applications to the broader market with one potential manager that has promising transactions 

Warehousing Support

Bespoke proposal for large Institutional Investor
R500m Being proposed

An opportunity exists to scale the warehousing pilot through a bespoke solution proposed to one of South Africa’s largest institutional investors.  We have presented to the investor on several occasions with positive feedback to date. 

Fund of Funds
Telkom Retirement Fund Logo

In discussion with several other investors
R1bn Being proposed 
R200m secured 

Working capital and warehousing support provided through program enables catalysation of institutional capital into the ecosystem in support of FFMs. The objective of the FoF will be to anchor first close of FFMs at sustainable levels, through primary LP commitments. These would be primarily targeting FFMs which received working capital and warehousing support from the fundHERforward program. 

Working Capital facility timeline
December 2023 to January 2024

Stage Gate I
Programme confirmatory criteria (31 completed applications)

February to March 2024

Stage Gate II
Assessing application fundamentals (Initial screening)

April to May 2024

Stage Gate III
Viability assessment (Finalised screening of 13 applicants)

May to June 2024

Stage Gate IV
Final due diligence and pre-award (Completed KYC and Signed legal agreements)

July 2024

Award
Payaway of first drawdown and start of Mentorship programme (4 female fund managers)

Contact us on fundHERforward@27four.com for more information on our offerings, applying for the warehousing facility and for details on our fundHERforward managers (AlphaCode Venture Partners, Digital Africa Ventures, EG Capital and Tshiamo Impact Partners) 

Agrarius - Historical Pricing