27four Investment Managers has joined the government’s fight to reduce South Africa’s unemployment rate, one of the world’s highest. The South African independent black-female owned multi-manager has signed a deal that will see the National Treasury’s Jobs Fund contribute R200-million to 27four’s Black Business Growth Fund (the “Fund”) to be used to create jobs through providing funding to black private equity fund managers focused on investing in mid-market, privately-owned companies for growth. 27four has in-turn committed to raising more than R1-billion in matched funding. (more…)
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