Public Investment Corporation

Public Investment Corporation is a government-owned investment management company based in Pretoria, South Africa, focused on managing investments for the public sector. It serves pension funds and other nationally critical funds, including the Government Employees Pension Fund and various social security, development, and guardian funds. The firm uses a mix of internal and external fund managers to deploy capital and is governed by a board of directors. While owned by the government, it operates in a manner comparable with private-sector asset managers and is one of the largest investment managers in Africa.

Santosh Lalloo

Fund Principal, Private Equity

Past deals in South Africa

Karan Beef

Acquisition in 2018
Karan Beef is a prominent supplier of beef products in South Africa, recognized for its commitment to high standards of productivity, hygiene, and maintenance within the local beef industry. The company specializes in producing a wide range of beef products, including both boneless and bone-in cuts, as well as offals. Its offerings comprise various beef cuts such as ribeye, rump, striploin, blade, brisket, and thick skirts, along with liver and other related items. Karan Beef aims to set the benchmark for excellence in the meat industry, ensuring quality and reliability in its products for consumers.

South Point

Acquisition in 2015
South Point Management Services (Pty) Ltd. is a prominent provider of student accommodation in South Africa, established in 2003 to address the high demand for quality housing. The company offers a range of living options, including studio, bachelor, one-bedroom, two-bedroom, and penthouse apartments, all designed to create a conducive environment for students. With amenities such as restaurants, bars, lounges, and cultural activities, South Point aims to foster a vibrant community that emphasizes safety, cleanliness, and affordability. Over the years, South Point has grown significantly, positioning itself as a leading independent provider of student accommodation outside of universities. The company continues to focus on expanding its offerings while maintaining a commitment to delivering a unique and enriching experience for its residents.
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