Pape funds

We are humbled by the investor’s confidence in the team and in what we do.


The Client

PAPE Fund Managers (PFM) has its origins in the establishment in 2005 of Pan-African Capital Holdings (PTY) Limited (PACH), an investment holding and econometric research company. The principals at PACH decided in 2008 to pursue a captive fund model and were successful in attracting the interest of RMB Ventures to invest alongside PACH in the first fund capitalized at ZAR250m (PAPE Fund 1). Fund 1 invested in 7 portfolio companies and has had 6 exits to date.

The success of the first fund provided a platform the second fund to be launched in 2012 (also with RMB Ventures and PACH), capitalised at ZAR300m with a total portfolio of 4 companies and 1 exit to date.
Africa’s access to electricity varies by region: North Africa is almost entirely (99%) electrified.

In Sub-Saharan Africa (SSA) excluding South Africa, electrification rates in most countries are below 30%; and South Africa is predominately 86% electrified.Since 2014, the number of people without access to power in SSA has declined, as electrification efforts have surpassed population growth.The IEA’s World Energy Outlook, which states that – over 550m people on the continent are without access to electricity.