Vuna Partners (Pty) Ltd (Vuna Partners), a mid-market private equity firm, has selected Prescient Fund Services (Pty) Ltd (Prescient) as the fund administrator to the Vuna Partners Fund I.
The fund’s strategy is to invest in quality medium-sized businesses across a range of sectors with high growth potential, which are strategically positioned to address and benefit from the growth opportunities presented by South Africa’s nuanced economic and developmental needs.
Vuna Partners has been seeded by Thuso Incubation Partners (Thuso), a South African dedicated black majority-owned private equity incubator. In line with Thuso’s mission statement, the fund has embedded Broad-Based Black Economic Empowerment (B-BBEE) and Environmental, Social and Governance (ESG) principles.
“Vuna Partners is thrilled to partner with Prescient to offer investors independent, high quality fund administration that is cost effective. In the short time since the first fund was launched in August 2020, Prescient has been able reduce the workload of the Vuna team so that we are able to focus on the fund’s growing investment program. We look forward to Prescient’s continued strong support in Vuna Partners’ journey,” said Vuna Partners CEO, Siya Nhlumayo.
“At Prescient we are proud of our B-BBEE credentials, coupled with employing and developing the best financial services talent, as we strive to be the leading fund services provider in our core market,” said Hayden Reinders, Head of Business Development and Client Management at Prescient Fund Services in Cape Town. “We feel privileged to have been selected as a key partner to this Private Equity incubator programme and look forward to providing operational and strategic support to Vuna Partners in this incredible initiative.”
