Metier's leaders have over three decades of managed equity experience as principals across over 90 late stage investments, putting more than R8 billion of equity capital to work across a wide range of industries and through various capitalisation structures.
The table below sets out our investments - taking into account fund vintages and industry sectors. Each of these transactions has a story of its own and our team members are able to give more details in terms of how the deals were sourced, priced, structured, built up, improved and ultimately realised.
Investment partnerships, as with most aspects of life, provide a rich diversity of experience. This is not something that can be captured in a set of numbers. Over the years we have developed a particular Metier style which we bring to transactions. Where capital and risk are shared between investors and entrepreneurial management. Rewards too must strike a balance between fairness and self interest. Because we bridge the divide between institutional investors and entrepreneurs, we are able to do this in a way that stands up to scrutiny and meets good governance principles.
Metier principals' investment history by fund pool showing vintage years
|No.||Cost (Rm)||x Cash||Gross IRR%|
|Principal Portfolios (1986/7, 2005)||19||84||3.2||32%|
|Fedsure Capital Fund (1992)||22||228||1.8||28%|
|South Africa Capital Growth Fund (1994/5)||12||673||2.4||45%|
|South Africa Capital Growth Fund III (1998/9)||14||2 363||3.0||35%|
|Total - Prior pools||67||3 348||2.8||35%|
|Metier Capital Growth club deals (2003 onwards)||7||416||3.8||63%|
|Metier Sustainable Capital club deals (2011 onwards)||6||908||1.7||13%|
|Capital Growth Fund I (2006/7)||8||2 426||2.3||15%|
|Sustainable Capital Fund I (2012/13)||8||428||1.6||12%|
|Capital Growth Fund II (2015/16)||7||2 216||2.0||15%|
|Sustainable Capital Fund II (2020/21)||5||773||1.0||2%|
|Metier AMN Partnership LLP (2021)||1||595||1.3||29%|
|Total - Metier||37||7 761||2.0||26%|
© 2022 Metier. All Rights Reserved. Metier Private Equity (Pty) Ltd, Lereko Metier Sustainable Capital Managers (Pty) Ltd and Metier Sustainable Capital Managers (Pty) Ltd are licenced Financial Services Providers (Licence No: 44882, Licence No: 44430 and Licence No: 48547 respectively) in terms of the Financial Advisory and Intermediary Services Act, 37 of 2002 and have Conflict of Interest Management Policies as required in terms of Section 3A of the General Code of Conduct.