Looking to set up or administer a Section 12B Fund?

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Structuring and legal agreements for fund managers looking to set up their own Section 12B fund.

Let us help you navigate the complex private equity landscape.

Fund set up

There are various complexities when setting up a Section 12B En commandite partnership. We work with our clients to understand their unique needs, strategy, objectives, fund mandate, and more. We then establish and implement the structure, and ensure all necessary documentation is up to date and compliant.


We support our clients through our comprehensive range of fund administrative services, including fund structuring, legal, accounting, reporting, drawdowns, compliance and more. By handling all the heavy lifting, you can focus your efforts on executing your Section 12B fund’s strategy.


Our diversified and experienced team supports and consults our clients throughout the fund’s life cycle. From deal facilitation, corporate finance, and structuring; to valuations, transactions and more, we create value by helping our clients unlock potential and maximise the fund’s operational efficiency.


Empowering the next generation of fund managers for success


Empowering the next generation of fund managers for success


Pioneering alternative asset investing

Disciplined. Creative. Detailed. Determined.

The journey began with Section 12J which became the fastest growing alternative asset class in South Africa, but our story continues to evolve as we launched the first Section 12B Fund in February 2023 – Twelve B Green Energy Fund.

Private equity is an integral part of our strategy to enable entrepreneurs and business professionals to focus on what they do best and achieve their objectives.

I have an endless fascination with entrepreneurship - the ways in which innovative and energetic entrepreneurs establish and build businesses which generate exceptional returns, create employment opportunities and enhance the world we live in
Malcolm Segal
Co-founder & Non-Executive Chairman

Perspectives in Action

News & Views

Enoch achieves a business-friendly Budget but government must act now to protect consumers’ pockets and jobs

Minister of Finance Enoch Godongwana has managed to tread the fine line with his 2023 Budget...

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Tax breaks for renewable energy investment, rooftop solar

South Africa’s finance minister, Enoch Godongwana, announced two tax measures aimed at boosting investment...

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The benefits of Grovest’s Twelve B Green Energy Fund

CEO Jeff Miller explains that the fund has no lock-in period or investment maximum, and...

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Rooftop solar tax breaks for South Africa — what to expect

Finance minister Enoch Godongwana is set to deliver South Africa’s budget speech on Wednesday, 22...

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South Africans can now get tax breaks for investing in renewable energy

South Africa’s first private equity fund which allows green energy investors to qualify for...

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Union seeks to overturn state of disaster to deal with energy crisis

Labour union Solidarity appealed to a court to overturn the state of disaster declared by...

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New green energy fund offers investors huge tax break benefits

Listen to the full podcast here. President Cyril Ramaphosa announced during his State of the...

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New solar investment fund launches in South Africa with a 100% tax break – but there’s a catch

A new solar and renewable energy fund is launching in South Africa, offering investors a 100...

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Get in touch

It's all in the creativity of the structure and the devil in the detail.
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Set up a meeting

Got something to chat to us about? Set up a time to meet with the right members of our team.

  • Grovest
  • GoGetta
  • Rencell