Education Investment
Impact Fund of South Africa
Old Mutual Alternative Investments
About the Fund

Established in 2020 and targeting total investor commitments of ZAR1.5 B, the Education Investment Impact Fund of South Africa (EduFund) is OMAI’s second education impact fund, building on the success of its preceding fund with an expanded mandate, including independent schools, tertiary education and ancillary education services.

EduFund’s objective is to provide investors with attractive risk-adjusted returns by making investments that improve the quality of education in South Africa, across selected sub-sectors and market segments.

EduFund also seeks to make a positive social impact through contributing to employment creation, transformation and environmental sustainability.

About the Fund
Impact across our investments

EduFund aspires to make a positive impact in the education sector in South Africa, across selected sub-sectors and market segments, as well as meeting other socially responsible investment objectives, such as contributing to employment creation, transformation and environmental sustainability.

Launched in 2020, EduFund has concluded its first investment by providing a debt facility to an investment vehicle of a 100% Black Owned independent education group. The two subject schools operate in the lower Middle-Income market segment, have capacity for more than 1,200 learners (predominantly from Historically Disadvantaged Groups) and employ more than 50 teachers (predominantly from Historically Disadvantaged Groups).


EduFund Portfolio

Launched in 2020, EduFund is constructing its portfolio to maximize both investor outcomes and education impact.

The EduFund mandate enables it to diversify its portfolio across:

  • Sub-sectors (schools, tertiary education and ancillary education services)
  • Market segments (Affordable and Middle-Income)
  • Instruments (debt and equity)

EduFund will further seek to diversify geographically within South Africa, and across a selection of specialist education operators, to ensure the best investment and impact outcomes for its investors.

EduFund has concluded its first investment by providing a debt facility to an investment vehicle of a 100% Black Owned independent education group.