What is the fund objective?
Stimulus targets traditional private equity opportunities in promising Namibian businesses with the potential to deliver superior returns.
Stimulus Investments Limited (SIL) is a special purpose vehicle (SPV) registered by Namfisa in terms of Regulation 29 of the Pension Funds Act. The management of SIL is contracted to Stimulus Private Equity (Pty) Ltd, also registered by Namfisa in terms of Regulation 29.
Stimulus Investments Ltd is funded through the issue of redeemable preference shares, listed on the NSX and which are mainly owned by the Namibian institutional savings market.
Why invest in this fund?
Ashburton Investments provides Private Equity investment management through a portfolio known as Stimulus Investments Limited (SIL), recognised as the forerunner in private equity in Namibia.
The Stimulus Investment Portfolio is valued at N$682 million and includes investments in Cymot, Plastic Packaging, Polyoak, Nashua, Namibia Media Holdings, Walvis Bay Stevedoring, Neo Paints, Khomas Solar Saver and cash available for investment of N$50 million.