Glossary of terms
BBBEE

Broad-Based Black Economic Empowerment

ESG

Environmental, Social and Governance

Investment

An investment acquired or made by the Fund or any alternative investment vehicle, either directly or through an Investment Holding Vehicle, including but not limited to: (i) shares, debentures, warrants, options and other securities of, or relating to, any body corporate or other entity; (ii) loans (whether secured or unsecured and whether or not subordinated) made to any Person or undertaking; (iii) bridge investments; (iv) immoveable property or part thereof; and (iv) cash management investments, in each case subject to the eligibility constraints.

Investor

Limited partners admitted to the Fund

IRR

Internal rate of return

JSE

Johannesburg Stock Exchange

Partner

The General Partner and/or all or any of the Investors, as the case may require

Portfolio Company

Any person in which an investment is made, whether directly or indirectly and continues to be held by the Fund

Vuna Partners

Vuna Partners Proprietary Limited

Fund

Vuna Partners Fund I, an en commandite partnership established in South Africa

SAVCA

Southern African Venture Capital and Private Equity Asscociation

Cultivating wealth through partnership.