Fund of funds
SA SME Fund
Established in 2016, the SA SME Fund is a registered, standalone investment vehicle based in Hyde Park, Johannesburg, South Africa. As a fund of funds, it allocates capital to accredited fund managers—both venture capital and growth-oriented equity funds—that invest directly in scalable small and medium enterprises (SMEs) with high growth potential and capacity for sustainable employment creation. The Fund is committed to promoting transformation within the South African economy by investing 50% of its capital in black African-owned and managed businesses, 25% in Indian and Coloured-owned and managed businesses, with the remaining 25% at the discretion of the fund manager.
Investment focus
- Sectors
- Financial servicesTechnologyHealthcareAgriculture and foodConsumerInfrastructure
- Stages and strategies
- SeedGrowthFund investments
- Regions
- Northern Africa, Eastern Africa, Western Africa, Central Africa, Southern Africa
Fund commitments
- PAPE Fund III
- Endeavor Harvest Fund II
- KNF II (Knife Capital)
- Digital Africa Ventures (DAV) Fund I
- Savant Venture Fund I
- Hlayisani Venture Fund II
- OneBio Seed Investment Fund
- 4Di Capital Fund III
- Grindstone Ventures Fund I
- Secha Capital II
- Knife Fund III
- Havaíc African Innovation Fund 3
- University Technology Fund I (UTF I)
- University Technology Fund Seed Fund (UTF Seed Fund)
- E4E Africa Fund I
- Endeavor Harvest Fund III
- E4E Africa Fund II
- Old Mutual Masisizane Fund
- 4DI DotExe Fund I
- University Technology Fund II
- High Impact Seed Fund of Funds (HISFoF)
Sources
- Partner Researchers, accessed 14 November 2026
- Partner Researchers, accessed 14 November 2026
- https://techfinancials.co.za/2026/06/25/stocks-strauss-expands-university-technology-fund-platform-past-r700m-with-utf-ii-final-close/, techfinancials.co.za. Accessed 14 November 2026.
- https://seedfund.utfund.co.za/about/, seedfund.utfund.co.za. Accessed 14 November 2026.
- https://www.havaic.com/post/hava%C3%ADc-announce-second-close-of-us-50-fund-3, www.havaic.com. Accessed 14 November 2026.
- https://sasmefund.co.za/high-impact-seed-fund-of-funds/, sasmefund.co.za. Accessed 14 November 2026.
- https://www.havaic.com/post/hava%C3%ADc-announces-first-close-of-us-50m-fund-3, www.havaic.com. Accessed 14 November 2026.