Tamela’s Mezzanine Debt Funds are more than just about financial returns. They are about making a lasting impact on society. Investments made in Mezzanine Debt Fund I have not only delivered returns but have also catalysed job creation, promoted inclusive economic participation, and contributed to economic growth in South Africa.
Tamela provided funding to KT Wash Liquid, a contract manufacturer and packager of liquid detergent for various market leading multinational corporations. In addition, Tamela provided funding to The Digs – a company that provides modern, purpose-built student accommodation to the Stellenbosch University’s medical and health science campus. We also provided funding to Nurture Healthcare Group, a medical care and sub-acute rehabilitation treatment for people with a wide range of disabilities caused by disease or injuries.
The number of jobs created by these companies are as follows:
- for KT Wash Liquid: 53 new permanent jobs,
- for The Digs: 150 jobs for the construction phase, and
- for Nurture Healthcare Group: 43 new permanent jobs.
In South Africa, recognition of private debt has been slow, despite Regulation 28 of South Africa’s Pension Funds Act allowing for allocations of as much as 15% of assets under management in unlisted assets.
Tamela has demonstrated that private debt can create jobs and contribute to positive impact in South Africa.
Tamela Capital Partners
Tamela Capital Partners is an independent fund manager and is one of the few credit-oriented alternative asset managers in Sub-Saharan Africa. The Tamela Mezzanine Debt Fund I, which reached final close in 2021, is a c. R1 billion fund that provides mezzanine debt to mainly mid-market companies for expansion and growth.
How can we help?
Tamela provides funding of between R50 million and R200 million to companies in South Africa, Namibia, Botswana, and Lesotho seeking capital for growth and expansion.
For more information, contact Vusi Mahlangu on vusi@tamela.co.za.