South African private equity firm Infinite Partners has completed the final close of its second private equity fund, Core Equity Fund II, securing R2.8 billion ($169.3 million) in total commitments. The capital raise surpassed the firm's original R2.5 billion target, supported by an institutional investor base composed entirely of South African pension funds, insurers, asset managers, and banks.
Deploying Growth Capital Across Established Mid-Market Enterprises Infinite Partners focuses on providing growth and replacement capital to established mid-market companies. The fund deploys ticket sizes ranging from R100 million ($6.1 million) to R500 million ($30.3 million) per transaction, targeting businesses with strong market positions and sustainable value creation potential.
Institutional Backing: Raised exclusively from domestic institutional capital, demonstrating strong regional appetite for mid-market private equity.
Capital Deployment Range: Investments target growth-stage enterprises requiring between R100 million and R500 million in expansion funding.
Focus Areas: Core investment themes include enterprise software, banking infrastructure, and township connectivity networks.
Initial Portfolio Deployments and Tech Ecosystem Impact The fund has already completed two initial portfolio investments, directing capital toward high-growth digital infrastructure and financial technology operations.
Enterprise Software Integration: The fund backed e4, an enterprise software platform that automates mortgage processing and software solutions for banking and property sectors.
Digital Infrastructure Expansion: Capital was allocated to CYNK, a telecommunications provider building fibre optic connectivity across township communities to connect underserved households.
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Strategic Role of Black-Owned Asset Managers As a 100 per cent founder- and Black-owned firm with majority Black female ownership, Infinite Partners operates as a Level 1 B-BBEE certified private equity manager. Securing full domestic institutional backing highlights the growing role of diverse fund managers in directing long-term capital toward critical national economic sectors.
