R3.6 billion
3.6
Assets under administration
ENTREPRENEURS at our core
Creating opportunities
We keep it simple, offering a carefully curated portfolio of alternative asset offerings that we believe will deliver appropriate risk-related returns to investors, with regular transparent reporting, keeping investors up to date with their investment portfolio.
Opportunity is our superpower
Ear to the ground, observe the patterns, see the shifts. New opportunities are everywhere.
Go first, or go further
Have the courage to trail-blaze. The naysayers will follow, they always do.
Don’t ever underestimate the value of trust
Experience, compliance and governance are worth their weight in gold.
Be there for the long term
Invest alongside your investors. Nurture relationships. Invest in the team.
Celebrating 10 years of pioneering opportunities
Ten years ago, two visionary entrepreneurs came together with a shared belief: that opportunity, when seized with courage and conviction, can transform not only the investment landscape, but broader economic ecosystems.
“While no journey exists without its obstacles, it’s wonderful to reflect on the paths we’ve paved. Thank you for being part of our journey. We will continue as we began – with courage, passion, tenacity and an absolute commitment to creating products that not only enhance return on capital, but equally enhance the world around us.”
Jeff Miller, CEO & Co-Founder, Grovest
History & track record
We began this journey with Section 12J, and today, have expanded into various alternative asset investments.
In 2014, we launched the first Section 12J fund in South Africa. What started
as a brave venture became the fastest-growing alternative asset class in the country. We proudly carry the flag as the pioneers of Section 12J.
In 2023, we were at it again, pioneering the next tax-deductible asset class with the launch of the first Section 12B fund in South Africa – Twelve B Green Energy Fund.
We are pioneering these asset classes through our own promoted funds and turnkey administration of third-party funds.
By applying the knowledge and experience we’ve gained over the years, we have innovated a number of industry firsts and are one of the largest administrators of small-cap funds in South Africa, with R3.6 billion in assets under administration.
The pioneering spirit of our team has manifested in a series of industry firsts
Scroll through our 10 year history
Birth of Venture Capital Management Services (VCMS)
First operational Section 12J VCC in South Africa
Grovest Energy, first 12J alternative energy VCC. Today Decentral Energy Capital
Incubation of Grotech, first tech VCC, today Kalon Venture Partners
First hospitality VCC, Grovest Hospitality, today Cabriere (Catalyst Hotel)
Mdluli Safari Lodge, first 12J rural community co-investment VCC
Mdluli Safari Lodge, first, and only 12J VCC in Kruger National Park
Mdluli Safari Lodge, first fund to offer lifestyle benefits in addition to financial benefits
WDB Growth Fund, first women-led 12J VCC
Sunstone Capital Limited, movable assets 12J VCC established
Rencell Limited, CAT 1 12J VCC established
MeTTa Capital, first 12J portfolio of funds
MeTTa Capital Fund I established
Lionshare private equity fund established
Venture Capital Management Services (VCMS) rebrands to Grovest Corporate Advisory
Grovest Venture Capital Company acquired a controlling stake in Fraudcheck Pty Ltd
MeTTa Capital Fund II established
Fulo Capital private equity fund established
MeTTa Capital Fund III established
12J ends 30 June
Mdluli Safari Lodge, only lodge in South Africa with an AA+ ESG (environmental, social, governance rating)
MeTTa Capital Fund IV & V established
MeTTa Capital, five successful capital raises, a total of R237 million
SilverLeaf Investments, first cannabis Section 12J VCC
Decentral Energy Capital exited
Novabree Investments established
Pepperclub Invest, first 12J with only 5% cash outlay
Grovest has R3.6 billion in assets under administration
Rencell has R85 million in assets under management
Rencell Fund II established
Africa’s equity crowdfunding platform launched
First Section 12B private equity green energy fund in South Africa – Twelve B Green Energy Fund
Fund I closed in October 2023
Twelve B Green Energy Fund II launched.
Sunstone Fund II open for investment
Grovest Investment Holdings spun out of Grovest Corporate Advisory, R3.6 billion in assets under administration
For entrepreneurs, by entrepreneurs
INVEST IN YOUR PEOPLE, THEY ARE EVERYTHING
Diversified skill sets and experience, and a creative financial approach, we are both ideas people and executors.
And no matter what we undertake, no-one will ever say we don’t give it our all.
“We were the catalysts and made Section 12J happen in South Africa, and we acknowledge our responsibility to those who have invested in Section 12J and we will stay the journey with them. The assets and their money will be prudently and properly managed and reported on.”
Malcolm Segal
