Utho SME Infrastructure Fund
The Utho SME Infrastructure Fund was established by Utho Capital Fund Managers (Pty) Ltd. The fund achieved a first closing in April 2011 with commitments from the Industrial Development Corporation (“IDC”), the Small Enterprise Finance Agency (“sefa” previously known as Sefa) and the founder Utho Capital. The Fund traded at that level and fully utilised funds available by the end of 2016.
The Fund seeks to achieve long term capital gains by investing in high growth Small and Medium Enterprises (“SMEs”) involved in “infrastructure development” which encompasses various types of businesses involved in construction, material suppliers, transport, logistics, power, renewable energy and property development in South Africa.