Pallidus Venture Capital Fund 1 (Pallidus VCC) has been operating since 2016, is a SARS accredited venture capital company (VCC0024) and is currently one of the largest accredited VCC funds in South Africa with more than R645-million assets under management, of which R605-million has been deployed into qualifying companies.
Pallidus VCC was set up in line with the Section 12J tax incentive introduced by SARS in 2009, which aims to incentivise investors to provide equity funding to small and medium enterprises, thereby facilitating economic growth and job creation.
The typical investment size ranges from R10-million to R50-million, other than junior mining, where larger investments of up to R150-million can be made.
Pallidus is a member of the Section 12J Association of South Africa and is represented by Rolandi van der Westhuizen, who is a director on the board of the association.
For more information contact Rolandi van der Westhuizen.
Click here to download the 12J Industry Association Report (July 2020)
12J Industry Association of South Africa 12jassociation.co.za