Public Investment Corporation

The Public Investment Corporation (PIC) is a government-owned investment management company based in Pretoria, South Africa, established in 1911. As the only firm in the country that focuses exclusively on the public sector, PIC manages assets for a range of public entities, including pension funds, social security funds, and development funds. With its operations comparable to those of private sector asset managers, PIC is recognized as one of the largest and most successful investment managers in Africa. The organization employs a combination of both internal and external fund managers to oversee its investments, ensuring a diverse and strategic approach to asset management. The governance of PIC is overseen by a board of directors, which is responsible for directing the management of the fund's assets.

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, known for its commitment to high standards of productivity, hygiene, and overall maintenance. The company serves the local meat industry by offering a diverse range of products, including both boneless and bone-in beef, as well as various cuts such as ribeye, rump, striploin, blade, brisket, and thick skirts, along with offals and other related items. Karan Beef aims to set a benchmark for excellence in the industry, ensuring quality and reliability in its offerings.

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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