Transformation of the Private Equity sector in South Africa
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SAVCA’s 2020 private equity survey, which reports on data for the 2019 period, reveals that while there has been an increase in women and black investment professionals within the Private Equity (PE) space over the past few years, there is room for further growth and improvement. As at December 31, 2019, 28% of all investment professionals were female and 43% were black. When looking at fund manager ownership, the numbers start to shrink; only 9% of fund managers are female-owned whilst a growing number – currently 38% – are black-owned.