Education Overview

Education has the power to transform individuals, communities and societies. OMAI has been investing in quality affordable schools since 2011 through the Schools and Education Investment Impact Fund of South Africa (Schools Fund), and then launched Edufund in 2020. Through investments in the education sector, OMAI aims to improve the level of education in the country, while providing investors with an attractive risk-adjusted return. Learner numbers in the school's portfolio increased by 4% and teachers employed by 9%. 54% of teachers are historically disadvantaged South Africans (HDSAs).

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Number of schools

23,983 Total learners enrolled

1,125 Total teachers

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Impact Investing Overview

Education has the power to transform individuals, communities and societies. OMAI has been investing in quality affordable schools since 2011 through the Schools and Education Investment Impact Fund of South Africa (Schools Fund), and then launched Edufund in 2020. Through investments in the education sector, OMAI aims to improve the level of education in the country, while providing investors with an attractive risk-adjusted return. Learner numbers in the school's portfolio increased by 4% and teachers employed by 9%. 54% of teachers are historically disadvantaged South Africans (HDSAs).

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Number of schools

23,983 Total learners enrolled

1,125 Total teachers

SEIIFSA

The Schools and Education Investment Impact Fund (Schools Fund), provides quality education by creating access to affordable independent schools. Launched at the end of 2011, it is the first and largest education impact fund in South Africa.

The 37 schools in the fund are providing quality education to more than 23,000 learners, employing over 1,000 teachers.

The quality of education is evident in the funds excellent matric pass rates since inception, far outperforming the national pass rates. 97% of all learners are from historically disadvantaged groups.

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Number of schools

23,248 Total learners enrolled

1,067 Total teachers

EDUFUND

Edufund is the latest education investment offering by OMAI Impact Investing, with a mandate to invest in all forms of education and education related investments, including tertiary education and ancillary education services. The fund was launched mid-2020 with a first close of R300 million. Two investments were approved in 2021 and the fund now has four active investments. As of 2021, there were two operational schools (primary and secondary), with a total of 735 learners. Construction of a further four schools started in 2021 with these schools scheduled to open in 2022.

Edufund produced its first matric results in 2021 with a pass rate of 100% and a Bachelor pass rate of 91%.

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Number of schools

735 Total learners enrolled

58 Total teachers

OLDMUTUAL

About Alternative Investments

Old Mutual Alternative Investments (OMAI) is one of Africa’s largest private alternative investment managers in private equity, impact investing and infrastructure funds. Established in South Africa in 2000, OMAI is a member of the Old Mutual Group, founded in 1845.

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Alternative Investments