DEBT IMPACT FUND l - Maia Capital Partners
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MAIA CAPITAL PARTNERS DEBT IMPACT FUND l
MAIA CAPITAL PARTNERS
WHO WE ARE OUR PURPOSE MAIA IMPACT DEBT
FUND
• Established in 2020 as a • To apply private capital to • Targeted to raise R3 billion for
boutique financial services firm. address societal challenges and impact investment.
make a transformative impact
• Facilitates high-impact • Investing through mezzanine
on society.
investment opportunities for debt.
investors. • Investing in select sectors that
• Our aim is to repurpose and
generate competitive investor
• Led by founders with a unique enable investees to scale up
returns and a positive social
entrepreneurial craft and their impact.
impact.
experience in investments and
infrastructure development.
MAIA CAPITAL PARTNERS
FOUNDERS
MUTLE MOGASE DINAO LERUTLA, CFA JOHN OLIPHANT
EXECUTIVE CHAIRMAN MANAGING PARTNER FOUNDER DIRECTOR
Executive Development Programme, CUNY, Masters Dev. Finance (USB) BSc (Actuarial Science & Mathematical Statistics)
USA B.Com, University of Cape Town CFA Charterholder, CFA Institute BSc(Hons) Advanced Mathematics of Finance, Wits
Diploma in Corporate Governance (Institute of B. Bus. Sc. (Honours) -UCT MSc Finance (Economic Policy) - University of London
Management Technology, Johannesburg)
• Previously employed at Barclays, EY (corporate • Founder and chairman of Third Way Investment
• Co-founder and former executive chairman of finance), and Royal Bafokeng Holdings Partners - R2.5 billion infrastructure debt
Vantage Capital Group (2000-2016), one of the • Fund chairman of All Weather Capital
• Non-executive director, RH Bophelo (a JSE-listed
pioneers of mezzanine debt in SA healthcare company) • Founding chairman of RH Bophelo - a listed
• Investment committee of the Sentinel healthcare company
• Past non-executive director at Futuregrowth Asset
Retirement Fund Managers and Edge Growth • Founding chairman of Boxwood Property Fund
• Past chairman of the investment committee of • Past principal officer of the GEPF
• Futuregrowth Development Equity Fund (DEF), and
the Post Office Pension Fund KZN Growth Fund • Led the development of the GEPF's investment
• Previously chairman of SAVCA policies, including the Developmental and
• Previously on the advisory board of JP Morgan Responsible Investment Framework
South Africa • Chairman of CRISA
MAIA CAPITAL PARTNERS SA MACROECONOMY
MAIA CAPITAL PARTNERS
IDENTIFIED GAPS IN
SA’S MACROECONOMY
UNEMPLOYMENT
PUBLIC SPEND ON ECONOMIC
PUBLIC DEBT EXACERBATED BY
INFRASTRUCTURE RECOVERY
COVID-19 PANDEMIC
• The government high debt levels, • The decline in investment by • The COVID-19 pandemic has • SA’s economic recovery requires
and without sufficient financial government, including SOEs, leaves a exposed South Africa to a higher significant private capital
muscle to invest in infrastructure. gap in the infrastructure spend number of jobs at risk, adding to investment.
required. what was already high and
• It’s critical that the capital invested
unsustainable levels of
• Social infrastructure is most affected along with economic growth must
unemployment in SA.
by the decline in infrastructure spend. positively impact society to address
• The risk is primarily exposing low- factors such as unemployment and
• The construction industry has been
income households and affecting to enable inclusive growth.
the most severely impacted by the
households’ disposable income.
decline in the economy and COVID- • The GDP recovery needs to,
19. therefore, be achieved through
investments that are intentional
and directed to enabling inclusive
growth.
MAIA CAPITAL PARTNERS
OPPORTUNITY FOR
MEZZANINE DEBT
• Economic recovery for the SA economy is reliant on private capital investment given the low reserves of government currently.
• Equity reserves of companies have been eroded by the current economic crisis and the low growth in SA over the past 10 years.
• There is a need for quasi-equity to enable businesses to have healthy capital structures that enable them to operate and scale
up economic activity in the country.
• Financing options are traditionally dominated by equity (own cash reserves, dilution of shareholding, rights issue/s) and senior
debt (primarily from commercial banks).
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• Commercial banks have lowered their risk tolerance owing to the volatility and uncertainty in the economy, therefore,
limiting available debt overall.
• Mezzanine debt provides an opportunity to crowd-in equity and senior debt and unlocks capital structures for investment
into the economy.
• Without access to suited finance, the private sector’s plans to rebuild the economy would be hamstrung.
• Mezzanine is patient capital that enables companies to pursue opportunities from a long-term strategic approach.MAIA CAPITAL PARTNERS
OUR INVESTMENT PHILOSOPHY
• Our philosophy is to enable inclusive growth by making investments that change people’s lives.
• We prioritise the value of gender inclusion in building resilient and high performing businesses.
WE AIM TO BUILD A RESILIENT INVESTMENT PORTFOLIO THAT:
1. Provides investors with exposure to self-liquidating instruments; and
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2. Provides investors with downside protection on the capital invested.
• We believe in collaboration with various investment partners such as DFIs to enable the collective
investment community to achieve a multidimensional return on capital invested.MAIA CAPITAL PARTNERS
OUR INVESTMENT THEMES
MAIA CAPITAL FACILITATES A CONNECTION BETWEEN PRIVATE CAPITAL AND INCLUSIVE GROWTH
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EDUCATION CLEAN FINANCIAL GENDER
HEALTHCARE HOUSING
TECHNOLOGY INCLUSION INCLUSION
Spend on public SA’s public Rental housing is Impact of climate SA has a large Gender inclusion is
education per learner healthcare system anticipated to be a change and food population of low- proven to enhance
compares well with does not have major form of tenure crisis, water and income households and performance of
the average fees for adequate capacity to for low income energy shortages that would be better businesses, and is a
private education for provide quality households while the impede access to served by financial wrap-around across
low income families. services to the backlog continues to basic services for the products that are all investment
population. There is grow. majority of the affordable and themes and
a need to provide population in SA. enable access to therefore included as
solutions that enable finance. a metric in all
access to affordable investment
quality healthcare for opportunities.
this segment of the
population.MAIA CAPITAL PARTNERS
IMPACT THEMES AND APPROACH
• We aim to contribute to enabling inclusive growth by focusing
on impact investing.
• We focus on investments that yield impact without
compromising financial returns.
• Impact investing is also enabling the realisation of SDG goals
through private capital
Newshelf 821Thank you. Connect with us 6th Floor, Capital Hill, Office: +27 (0)11-568-3100 Directors: Mutle Mogase, Dinao Lerutla, John Oliphant 6 Benmore Road, Sandton, Email: invest@maiacapital.co.za Registration no. 2020/151729/07 2196. Website: maiacapital.co.za
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