Ashburton Investments has been nominated for an award at the inaugural Southern African Venture Capital and Private Equity Association (SAVCA) Conference awards to be held on 4 March 2021.
The awards acknowledge the significant contribution by institutional investors, fund managers and service providers operating within Southern Africa.
Ashburton Investments has been nominated for an Impact Award in the fund manager category which recognises fund managers' commitment to ESG and/or impact investing.
Ashburton Investments’ two private debt funds, the Ashburton Credit Enhanced Funds I and II are the reason for the nomination.
The funds’ main objective is to invest in stable growth-phase companies needing expansion capital which will in turn create sustainable jobs.
The funds collectively have to date created 16 995 jobs, all of which are permanent. And of the new jobs created, 98% are held by people from previously disadvantaged backgrounds.
The funds are managed in close a partnership with the National Treasury Jobs Fund Programme, Institutional Investors, Investee Companies and Ashburton Investments. They not only target high social returns, but also good risk adjusted financial returns for investors.
The funds also align with the SA National Development Plan to reduce poverty and inequality by broadening access to employment, strengthening the social wage and boosting investment.
Voting is open to the public on the SAVCA website and closes on 3 March 2021: https://www.savca.co.za/savca-2021-annual-conference/savca-2021-annual-conference-awards/