Marde van Wyk, Private Markets Principal – 27four Investment Managers

27four’s fundHERforward programme will assist women led fund managers to form and sustain successful private markets funds and businesses, through the provision of working capital and deal warehousing ahead of fund closes. The programme is a blended finance partnership between 27four and USAID Southern Africa Mobilizing Investment, dedicated to advancing diversity, equity and inclusion within South African private markets.

fundHERforward is designed to address the specific challenges faced by women in establishing private markets fund managers, by providing essential operational working capital support during the fundraising phase and capital to enable deal pipeline execution. This support is further enhanced by ancillary mentorship and assistance. “We firmly believe that this support will empower first-time managers to channel their energies into building their deal pipeline and securing funding, thereby relieving them of the financial pressures that often impede progress”, says Marde van Wyk, Private Markets Principal at 27four Investment Managers.

To Asset Owners:

Asset owners can partner with fundHERforward to amplify their impact on the future of finance, together.  Feel free to reach out the 27four Private Markets team to find out more.

To Fund Managers:

Fund managers are invited to apply for access to working capital funding through our website portal using the following link: https://survey.alchemer.eu/s3/90656281/Application-for-a-Working-Capital-Facility-to-Encourage-and-Support-Growth-of-Gender-Diverse-Fund-Managers

Screening process:

Screening will be completed by the 27four private markets teams through various stage gates being:

• Stage Gate I – Program confirmatory criteria – completed via online portal
• Stage Gate II – Assessing application fundamentals – completed via online portal
• Stage Gate III – Viability assessment – f2f and virtual engagements with 27four team
• Stage Gate IV – Final due diligence and award – f2f and virtual engagements with 27four team

Process timing:

Stage Gate I & II will be a process launched by 15 December 2023 with due date for submission of 25 January 2024.  Stage Gate III & IV will be application specific, however the intention is to disburse first award in Q22024. These timelines are indicative only.

Applications are now open : CLICK HERE

ENDS