Pension fund or public asset manager
National Fund for Municipal Workers
The National Fund for Municipal Workers (NFMW) is a pension fund established in 1987 in South Africa, designed to provide retirement benefits to municipal employees and councillors. Based in Pretoria, the fund manages assets to ensure financial security for its members upon retirement. NFMW invests in a range of asset classes, including private equity and venture capital funds, to generate long-term growth and secure stable returns. The fund's investment strategy is focused on contributing to South Africa's economic development while achieving sustainable financial outcomes for its members.
Investment focus
- Sectors
- SMEs
- Stages and strategies
- GrowthFund investments
- Regions
- Southern Africa
Fund commitments
- Kholo Capital Mezzanine Debt Fund I
- Infra Impact Mid-Market Infrastructure Fund 1
- Tamela Mezzanine Debt Fund
- Razorite Health Fund II
- Stanlib Khanyisa Impact Investment Fund
- Education Investment Impact Fund of South Africa
- Sanari 3S Growth Fund
- IDEAS Managed Fund
- Summit Private Equity Fund I (SPEF I)
- Futuregrowth Development Equity Fund
Sources
- Partner Researchers, accessed 14 November 2026
- https://www.africaprivateequitynews.com/p/kholo-capital-mezzanine-debt-fund-i-achieves-first-close, www.africaprivateequitynews.com. Accessed 14 November 2026; link checked 15 November 2026.