Future Growth

Future Growth is an asset management company that was founded in South Africa in 1994, with a focus on social development and empowerment.

It manages assets worth around R192.3 billion and has a range of investment funds that cater to fixed-interest and developmental investments. The company prides itself on keeping its promises to clients through diligent and objective fundamental analysis that supports strong investment views.

Strategic partnerships and purpose of Future Growth

Future Growth has previously collaborated with empowerment shareholders, including Women's Investment Portfolio Holdings (Wiphold) from 2002 to 2008, and more recently with African Women Chartered Accountants Investment Holdings (AIH), which obtained 21.2% of Future Growth's shares in March 2022.

As a leader in the asset management industry in South Africa, the company strives to safeguard and increase the savings of its investors while also positively impacting the markets and environment in which it operates.

Investing for positive impact: Future Growth's approach

Future Growth is of the opinion that investors can contribute positively to society while also generating strong investment performance for pension fund members.

The company has taken the lead in developing funds in areas like infrastructure, agriculture, renewable energy, and rural and township retail property, and provided finance to creative and innovative projects such as low-income housing construction, urban regeneration schemes, taxi finance, tech startups, and alternative energy. The company also works with its industry partners and investee firms privately, and occasionally publicly, to address sustainability concerns.

Future growth's ethical responsibility and milestones

Future Growth takes its ethical responsibility toward clients seriously and has a nine-statement promise to its clients, which includes:

• Putting clients' interests first
• Applying investment judgment based on informed, diligent, objective, and independent analysis
• Avoiding conflicts of interest in the provision of its products and services

The company has a history of growth and reaching milestones, including reaching R194 billion in assets under management in 2019, launching the Future Growth Infrastructure & Development ILB Fund in 2016, and taking a stance on governance issues.

Future Growth: An ethical investment management firm committed to transformation

The company's executive committee has a diverse set of qualifications and experience that allows them to manage the business and their respective departments successfully. The company is committed to transformation, both internally and externally, and invests in the development and empowerment of South Africa and its people.

Future growth's commitment to responsible and transformative investing

Future Growth's transformation strategy includes the transformation of its business to reflect the racial and gender diversity of the country and the impact that the company's investments have on the broader environment in which it operates.

The company is committed to being a responsible investor, which includes integrating non-financial analysis into its investment process and engaging with investee companies on environmental, social, and governance (ESG) matters.

Future Growth's social responsibility and career opportunities

Future Growth also allocates 1% of its after-tax profits to Corporate Social Investment (CSI), focusing on social development, health, and education.

The company offers various career opportunities for passionate individuals who are interested in being part of a culture that embraces change and forward movement while keeping the client experience at the forefront of everything it does.

Future Growth offers debt and equity financing to businesses seeking to raise capital in the capital markets. Their team of experienced analysts structures various financing solutions for investee companies, including mezzanine, secured debt, and unlisted equity.

They cover multiple sectors, such as agriculture, renewable energy, housing, infrastructure, and commercial property, to contribute to South Africa's economic, social, and financial development.

Future growth's long-term partnership commitment

Future Growth is committed to establishing long-term partnerships with counterparties, arrangers, co-creditors, and investee companies based on trust. They actively engage with other industry players to achieve what's best for both investors and investee companies.

Their skilled team adds value through:

• Strong relationships
• Negotiating mutually beneficial transactions
• Flexibility in structuring deals
• Willingness to work with investee companies over the long term as their business evolves
• They also can invest in significant sizes where appropriate

Expertise in various asset classes for tailored financing solutions

The company's broad client mandates and experienced investment team have enabled them to develop expertise across various asset classes, from government and corporate bonds to unlisted equity.

Their comprehensive understanding of quantitative and qualitative analysis, macroeconomic fundamentals, industry and sector developments, credit, and equity analysis allows them to provide financing solutions that are tailored to their client's needs.