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Private equity firms in South Africa

Source: FundingWatcher. Data as of 4 September 2026.

81
Private equity firms in South Africa
81
Rows shown
8
Stages recorded
2
Other types here
81 rows
# Name Location Investments Lead Exits People
1 LeapFrog Investments Johannesburg, South Africa 66 36 12 27
2 Convergence Partners Johannesburg, South Africa 47 16 10 10
3 African Infrastructure Investment Managers Cape Town, South Africa 38 11 3 33
4 Vantage Capital Johannesburg, South Africa 37 32 12 11
5 RMB Corvest Gauteng, South Africa 29 13 8 1
6 Inspired Evolution Investment Management Cape Town, South Africa 28 11 3 13
7 African Rainbow Capital Gauteng, South Africa 27 15 6 0
8 Ethos Private Equity Johannesburg, South Africa 27 11 12 1
9 Makalani Management Johannesburg, South Africa 25 0 12 2
10 Metier Private Equity Gauteng, South Africa 24 8 5 0
11 Phatisa Bryanston, South Africa 20 12 7 10
12 Norrsken22 Cape Town, South Africa 20 9 1 7
13 Fireball Capital Cape Town, South Africa 20 1 1 1
14 Ata Capital Sandown, South Africa 19 1 4 1
15 Value Capital Partners Johannesburg, South Africa 19 1 14 9
16 UW Ventures Johannesburg, South Africa 18 6 0 0
17 Alphawave Group Stellenbosch, South Africa 17 9 3 4
18 Mineworkers Investment Johannesburg, South Africa 15 9 6 8
19 Hlayisani Capital Stellenbosch, South Africa 14 9 0 1
20 Global Capital (Pty) Ltd. Johannesburg, South Africa 14 8 3 0
21 Zebu Investment Partners Johannesburg, South Africa 14 2 0 3
22 Musa Capital Johannesburg, South Africa 12 12 4 0
23 Senatla Capital Gauteng, South Africa 12 7 5 0
24 Old Mutual Investment Group Cape Town, South Africa 12 5 8 85
25 Business Partners International Johannesburg, South Africa 10 6 0 77
26 Secha Capital Partners Johannesburg, South Africa 9 7 0 14
27 Tana Africa Capital Johannesburg, South Africa 9 6 0 2
28 EXEO Capital Cape Town, South Africa 9 1 0 8
29 SAAD Investment Holdings Cape Town, South Africa 8 8 0 5
30 Treacle Private Equity Johannesburg, South Africa 8 8 3 0
31 imbewu Capital Partners Durban, South Africa 8 7 4 3
32 Venture Capital Studio Cape Town, South Africa 8 7 1 0
33 SPEAR Capital Cape Town, South Africa 8 4 0 3
34 Agile Capital Johannesburg, South Africa 7 4 1 2
35 Lireas Holdings Johannesburg, South Africa 7 1 0 2
36 Adinah Capital Partners Johannesburg, South Africa 6 5 0 1
37 CapitalWorks Sandown, South Africa 6 4 2 10
38 Kagiso Capital Johannesburg, South Africa 6 4 0 3
39 WDB Investment Holdings Johannesburg, South Africa 6 3 3 1
40 African Equity Empowerment Investments (AEEI) Cape Town, South Africa 6 2 3 0
41 Harith General Partners Sandown, South Africa 5 3 0 2
42 Buffet Investments Johannesburg, South Africa 5 1 0 0
43 NuState Capital Johannesburg, South Africa 5 1 0 0
44 Trinitas Private Equity Johannesburg, South Africa 5 1 1 1
45 Sanlam Private Equity Cape Town, South Africa 4 2 1 0
46 Sakhumnotho Group Johannesburg, South Africa 4 1 1 3
47 Umoya Capital Partners Gauteng, South Africa 4 1 0 0
48 i-Cubed Capital Johannesburg, South Africa 4 0 0 1
49 Sango Capital Johannesburg, South Africa 4 0 0 10
50 Athena Capital (South Africa) Cape Town, South Africa 3 2 2 2
51 Westbrooke Alternative Asset Management Johannesburg, South Africa 3 2 1 11
52 Nedbank CIB Private Equity Sandown, South Africa 3 1 2 0
53 Salt Capital Gauteng, South Africa 3 1 0 4
54 Vuna Partners Gauteng, South Africa 3 1 0 4
55 Mergence Investment Managers Cape Town, South Africa 2 2 0 0
56 Tamela Holdings Bryanston, South Africa 2 2 1 0
57 IMFEZEKO INVESTMENT HOLDINGS Johannesburg, South Africa 2 1 0 0
58 Uqalo Cape Town, South Africa 2 1 0 0
59 Beryl Group Sandown, South Africa 2 0 0 0
60 Goneke Investment Group Johannesburg, South Africa 2 0 0 0
61 Halls Investments Bryanston, South Africa 2 0 0 0
62 Mast Capital Bryanston, South Africa 2 0 0 0
63 Caleo Private Equity Johannesburg, South Africa 1 1 0 0
64 HL Hall and Sons Holdings Nelspruit, South Africa 1 1 0 0
65 Infinitus Cape Town, South Africa 1 1 0 0
66 TRT Investments Midrand, South Africa 1 1 0 0
67 Stellar Capital Partners Cape Town, South Africa 1 0 0 0
68 Vuwa Investments Johannesburg, South Africa 1 0 1 0
69 ASOCapital Cape Town, South Africa 0 0 0 0
70 Blank Canvas Capital Johannesburg, South Africa 0 0 0 0
71 Capital Sense Holdings Johannesburg, South Africa 0 0 0 0
72 Excellerate Gauteng, South Africa 0 0 0 0
73 Grindrod Private Equity Durban, South Africa 0 0 0 0
74 LinkMakers Capital Johannesburg, South Africa 0 0 0 0
75 Mahlako Financial Services Johannesburg, South Africa 0 0 0 0
76 Pax SA Sandown, South Africa 0 0 0 0
77 Preminent Investments Cape Town, South Africa 0 0 0 0
78 Savvy Venture Partners Johannesburg, South Africa 0 0 0 0
79 TriVest Johannesburg, South Africa 0 0 0 0
80 Twofold Capital Cape Town, South Africa 0 0 0 0
81 Whelan Locke Pretoria, South Africa 0 0 0 0

Table 1. Private equity firms in South Africa, by recorded investments. Source: FundingWatcher. Data as of 4 September 2026. Base: 81.

Investment stages

Among these 81
Private equity investors67 Early stage investors19 Venture investors15 Seed investors8 Late stage investors7 Debt investors6 Post IPO investors4 Convertible note investors2

Other investors in South Africa

Venture capital firms84 Angel investors45

Private equity firms elsewhere

United States4,112 China844 United Kingdom656 Canada286 France277 Germany240 India202 Singapore173 Hong Kong163 Switzerland152 South Korea150 Australia134 The Netherlands134 United Arab Emirates110 Spain97 Sweden94 Brazil93 Italy90 Israel75 Japan72 Luxembourg64 Belgium51 Russian Federation44 Mexico42
Cite: FundingWatcher, 81 private equity firms in South Africa, 4 September 2026. https://fundingwatcher.com/investors/private-equity-firms/south-africa/