Eskom’s R185-billion pension fund to diversify into venture capital
and Provident Fund plans to expand into venture capital to reduce its dependence on traditional investments, according to an official.
The fund linked to struggling state-owned power utility Eskom has about R185-billion worth of assets under management, with roughly two-thirds allocated to South African stocks, inflation-linked debt, property and nominal bonds.Exposure to private equity is about 5-6% of net asset value, Mabogo said. “We have scope to grow,” he said in an interview in Mauritius.
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