What We Offer:

We have developed a niche in the South African market in assisting fund managers, entrepreneurs, corporates and family offices with structuring, forming and administering Section 12J venture capital companies (VCC) and we are currently one of the largest VCC administrators in the market, with over R1.7 billion under administration.

Our professional team understands the difficulties fund/VCC managers have when entering the market, particularly around the complexity of the various possible fund structures, raising capital and the high upfront and ongoing costs associated with setting up and administering a VCC.

We would play a hands on roll in guiding you through every step of the VCC structuring and formation process. Once a VCC is formed, our team will continue to ensure that all the internal administration responsibilities are looked after thereby giving investors, VCC and VCC managers peace of mind that their capital is processed and accounted for.

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12J Training

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Our Typical Client:

Our clients are fund/VCC managers, entrepreneurs, corporates and family offices who are looking for guidance and support to structure, form and administer their Section 12J VCCs.  

Our Role In Your Fund

CLICK ON THE STAGES OR ARROWS BELOW TO NAVIGATE → 

Preloader
  • Starting a 12J Fund

    Starting a 12J Fund

    VCC STRUCTURING

    In order to form your fund, our teams would consult with you to understand your objectives, who the role players are, your investment mandate and the initial funding to be made.

    • Client engagements to provide a tailored solution
    • Deciding on whether to form a public or private company

     

  • Starting a 12J Fund

    Starting a 12J Fund

    VCC FORMATION & IMPLEMENTATION

    Once the final structure is formed, our team will (with the assistance of legal counsel) finalise and implement the legal framework.

    • Section 12J compliant legal agreements (investor agreements, MOI etc.)
    • Key Individual appointment
    • Operational registers
    • Procedure and policy documents
    • Fund structure implementation
    • Setting up of bank accounts
  • Starting a 12J Fund

    Starting a 12J Fund

    RAISING CAPITAL

    We ensure that all the necessary documentation and structures are in order so that capital raising can run smoothly.

    • Drafting of fundraising documents
    • Preparing investors’ documents
    • Investor due diligence checks
    • FATCA/CRS reporting
    • Cash and bank account management
  • Starting a 12J Fund

    Starting a 12J Fund

    DEPLOYING CAPITAL

    Our role as your partner is to ensure that administrative functions are in place to allow for timeous capital calls and deployment.

    • Section 12J compliant screening services
    • SPV administration and secretarial services
    • Dealing with investor queries
    • Deploying capital within required timeframes
    • Investee Section 12J compliance

     

  • Starting a 12J Fund

    Starting a 12J Fund

    ADMINISTRATION, MONITORING AND REPORTING

    Once capital is deployed, we administer and monitor the investments in accordance with the FSCA’s requirements and report thereon when required to.

    • Monitoring Section 12J compliance
    • Preparation of annual International Financial Reporting Standards (IFRS) financial statements
    • Liaising with the auditors
    • Preparing notices and statements for investors
    • Reporting to investors and the fund manager or board
    • Calculation and reporting of IRRs

     

  • Starting a 12J Fund

    Starting a 12J Fund

    REALISING INVESTMENTS AND WINDING UP

    At the end of the investment term, we assist you with the administrative process associated with exits.

    • Investor distribution
    • Calculation and processing of provision for carry fees
    • Executing the close procedures and calculation
    • Exiting investors as per VCC manager instruction
STAGE 1 (see next)

Starting a 12J Fund

Starting a 12J Fund

VCC STRUCTURING

In order to form your fund, our teams would consult with you to understand your objectives, who the role players are, your investment mandate and the initial funding to be made.

  • Client engagements to provide a tailored solution
  • Deciding on whether to form a public or private company

 

STAGE 2

Starting a 12J Fund

Starting a 12J Fund

VCC FORMATION & IMPLEMENTATION

Once the final structure is formed, our team will (with the assistance of legal counsel) finalise and implement the legal framework.

  • Section 12J compliant legal agreements (investor agreements, MOI etc.)
  • Key Individual appointment
  • Operational registers
  • Procedure and policy documents
  • Fund structure implementation
  • Setting up of bank accounts
STAGE 3

Starting a 12J Fund

Starting a 12J Fund

RAISING CAPITAL

We ensure that all the necessary documentation and structures are in order so that capital raising can run smoothly.

  • Drafting of fundraising documents
  • Preparing investors’ documents
  • Investor due diligence checks
  • FATCA/CRS reporting
  • Cash and bank account management
STAGE 4

Starting a 12J Fund

Starting a 12J Fund

DEPLOYING CAPITAL

Our role as your partner is to ensure that administrative functions are in place to allow for timeous capital calls and deployment.

  • Section 12J compliant screening services
  • SPV administration and secretarial services
  • Dealing with investor queries
  • Deploying capital within required timeframes
  • Investee Section 12J compliance

 

STAGE 5

Starting a 12J Fund

Starting a 12J Fund

ADMINISTRATION, MONITORING AND REPORTING

Once capital is deployed, we administer and monitor the investments in accordance with the FSCA’s requirements and report thereon when required to.

  • Monitoring Section 12J compliance
  • Preparation of annual International Financial Reporting Standards (IFRS) financial statements
  • Liaising with the auditors
  • Preparing notices and statements for investors
  • Reporting to investors and the fund manager or board
  • Calculation and reporting of IRRs

 

STAGE 6

Starting a 12J Fund

Starting a 12J Fund

REALISING INVESTMENTS AND WINDING UP

At the end of the investment term, we assist you with the administrative process associated with exits.

  • Investor distribution
  • Calculation and processing of provision for carry fees
  • Executing the close procedures and calculation
  • Exiting investors as per VCC manager instruction

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