Nesa Enterprise Development Fund

South Africa

Last updated 12 May 2020, by Impactyield.

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The Nesa Enterprise Development Fund (“the Fund”) is a social impact investment fund with an objective to provide long term and sustainable solution for poverty alleviation in South Africa by promoting sustainable job creation through the solicitation and deployment of enterprise development and impact capital

The fund will also provide support services to small and medium growing enterprises with the potential of employing people on a permanent basis and thereby reducing poverty levels permanently.

Asset class

Fund style

Not listed

Financial description

Capital is advanced to SMME's based on the fund's proprietary credit & risk model and the SMME's future ability to repay capital + interest as well as employ the minimum number of new employees.
Interest is received on a periodic basis of which the fund uses to settle its operating expenses, management fees and repay its contributors.
Investors receive 35% of all gross income earned by the fun and since the fund targets +- 15-18% gross return they earn +-5%.

10 years

of track record


the year funded

50,000,000 ZAR


Asset manager

Nesa Capital


Headquarters location:

SDG goals

SDG targets

Promote universal social economic and political inclusion

Promote policies to support job creation and growing enterprises

Full employment and decent work with equal pay

Increase access to financial services and markets

Key performance indicators

Fund overview

Asset manager: Nesa Capital

Product track record: Fund has 10 years of track record

Target IRR: 4%

Committed Capital: 1,500,000 ZAR (Rand)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:


Inception year: 2013

Vintage year: 2013

Target region: , , ,

Target close date: 01/06/2014

Product term: 7 years

Assets under management: 50,000,000 ZAR (Rand)

Investment size: Min: 100,000; Max: 50,000,000; Avg: 1,000,000

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 3

Fund investments to date exited or repaid: 1

Management fee: n.a.

Carried interest: n.a.

Hurdle rate: n.a.

GIIN Investors' Council Investment: No

Limited Partners / Investors: 1. STA Coal Mining Company (Pty) Ltd - private company 2. PYB International (Pty) Ltd - private company 3. Syrex (Pty) Ltd - Private company 4. Delione Catering (Pty) Ltd 5. Vumela Mining Equipment(Pty) Ltd

Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors




Phone number: 27113263903.00

If you wish to have your details removed from this database please email

Hugh Courtney


Percy Ying


Impact Performance


Impact thesis

The fund utilizes its capital raised from its partners by advancing it to qualifying support of small, medium, and micro-sized enterprises (SMMEs) and small and growing businesses (SGBs) by requiring SMME's to comply with prevailing BBBEE laws in South Africa. BBBEE laws were enacted in South Africa to encourage black people, who were previously disallowed to during Apartheid, to participate in SA's economy.
IRIS Metrics tracked include:
'P19652- Client Organizational Tools
'P13687- Jobs created
'FP9717- Loan write-offs
'FP8293-New Investment Capital
'P18381-Number of Loans Disbursed
'P15476 Value of Loan Disbursed
'PI1478-No of Loans Outstanding
'PI7569-Value of Loans Outstanding

Impact Management


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