Our
Portfolio
At the very core of PAPE Fund 4's investment ethos lies a resolute commitment to channeling investments into enterprises that have significant women participation and enterprises looking to increase women participation in leadership, transformation and ownership
2006
2008
2009
2012
2018
2019
2023
2025
Pan-African Capital Holdings:
PCV ZAR570m
Portfolio companies,
running IRR of > 27% IRR.
Evolution One: PE Fund
ZAR743m
13 portfolio companies that generated power in the first round of IPP projects that delivered 33% IRR.
PAPE Fund 1: PE Fund
ZAR250m
7 portfolio companies that delivered 32% IRR at 3.2x money.
PAPE Fund 2: PE Fund
ZAR300m
6 portfolio companies whose return exceed the benchmark vintage funds of that time by 5% IRR.
PAPE Fund 3: PE Fund
ZAR1bn
6 portfolio companies 2 exited and running IRR in carry for the fund manager.
ZUR: VC Fund
ZAR52m
9 portfolio companies in the venture and growth capital
creating massive job creation.
SVPI: Real Estate Investment Company
ZAR1.52bn
Smart city build and an aerotropolis where ZAR30bn investment
will be catalysed and unlocked.
PAPE Fund 4: PE Fund
USD 150m (~ZAR2.6bn)
TARGET RAISED
AFRICAN INVESTORS

INTERNATIONAL INVESTORS
