INVESTING IN AFFORDABLE, QUALITY EDUCATION
Impact investments are a response to the growing global awareness that the private sector can assist in addressing socio-economic challenges. The Schools and Education Investment Impact Fund of South Africa (Schools Fund) was the first impact fund of its kind in South Africa and is a shining example of impact investing for quality education. Funded by Old Mutual Life Assurance Company (South Africa) Limited, the Government Employees Pension Fund (managed by the Public Investment Corporation) and the Eskom Pension and Provident Fund, the Schools Fund is managed by Old Mutual Alternative Investments’ Development Impact Funds team and aims to improve the level of education by creating access to affordable independent schools. The Schools Fund, managed by Old Mutual Alternative Investments, has R1.4 billion in funds under management as at 31 March 2017.
As at 31 March 2017