Johannesburg, 16 February 2017 – The SA SME Fund, focused on developing high-growth small and medium businesses and stimulating investment in entrepreneurship, has announced the appointment of Quinton Dicks as its Chief Executive Officer. Dicks, a seasoned investment and private equity professional, will take over from Lisa Klein, who helped set up the Fund.
Dicks has held various positions in private equity business and investment at Brait, Metier and at Old Mutual Private Equity, where he was a partner.
Entrepreneurship and small businesses are central to building our economy as they stimulate inclusive growth and create jobs. The SA SME Fund, established in 2016 under the auspices of the CEO Initiative, a partnership between the private sector, the Government, and labour, has the investment backing of many of South Africa’s largest companies. It is set up as a Fund of Funds, and will invest equity in the SME portfolios of investment managers it accredits. It will also provide access to a platform of best of breed mentoring to the investees.
For details of the shareholders of the SA SME Fund, and updates on its progress, visit http://sasmefund.co.za/.