ARC Fund
6th Floor, Bowman Building 11 Alice Lane, Sandhurst, Sandton, Johannesburg, Gauteng, 2196, South Africa
Overview
African Rainbow Capital (ARC) is a fully black owned and controlled investment company focusing on the South African and African financial services industry and businesses that deliver exceptional returns on equity. Ubuntu-Botho Investments was created in 2004 with its initial main purpose building black controlled capital through being Sanlam's empowerment partner. In addition the vision of Ubuntu-Botho Investments from the outset was to make a difference in the lives of ordinary South Africans by being the premier black-owned and controlled financial services entity. The first phase of realising this vision was the accumulation of capital in partnership with Sanlam. This objective has now largely been achieved, with Ubuntu-Botho Investments holding about 14.5% of Sanlam's issued shares and being valued at about R17bn at present.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 5
Sector focus
- Asset Management
- Finance
Investment portfolio
- Careerminds
Participated · Equity · May 2011
Careerminds Group provides affordable online outplacement and career transition services to organizations that are downsizing or reorganizing, leveraging a Web 2.0 e-learning platform. The company is based in Hockessin, Delaware, and is led by CEO Raymond Lee. Its core product is a web-based career transition platform aimed at supporting employees through job search and transition processes. Careerminds closed a $1.285M venture capital financing to support growth. It intends to use the funds for sales and marketing development, technology and core-platform enhancements, and general working capital. Strategic investor Jack Gavin will serve as Chairman of the Board.