SOUTH AFRICA – Heritage Capital, a prominent private equity firm, has made an investment in Fairview Cheese, a renowned artisanal cheese producer based in Paarl, Western Cape.

The move came after the incorporation of additional support from institutional investors received in May 2021, which empowered the Fund to expand its investment scope, targeting key sectors vital for South Africa’s economic development, such as industrial, service, and consumer-branded goods.

According to Philile Maphumulo, managing partner at Heritage Capital, the fund is set to enhance job creation, skills development, and transformative impact within the South African economy.

Maphumulo assured that Heritage Capital’s investment philosophy revolves around supporting companies that play an important role in local manufacturing and service provision.

“By focusing on such businesses, the fund aims to not only generate financial returns but also contribute to the sustainable growth and development of the economy.”

Grace Chauke, an investment officer at Transport Sector Retirement Fund (TSRF), in addition, noted that the closure of Fund 1 by Heritage Capital is not only a commendable achievement but also a testament to the expertise and dedication of the female-led team.

She added that the investment represented a major step forward in promoting diversity and inclusion within the investment industry.

As an investor, TSRF is delighted to have been part of this journey and eagerly anticipates the positive impact that this fund will have in the market. “

Fairview Cheese stands out for its exceptional range of cow’s and goat’s milk cheeses, offering over 50 varieties, including recent additions like plant-based cheese and ice cream.

The company’s commitment to quality and innovation has been reaffirmed by its success at the 2024 South African Dairy Awards, where it received the Qualité Mark of Excellence for six of its products.

The partnership between Heritage Capital and Fairview Cheese revealed a shared commitment to boosting local manufacturing and sustainable business practices.

Maphumulo added that South Africa’s cheese sector is set for above-average growth, fueled by factors such as increased home-based consumption and evolving consumer preferences.

“Heritage Capital’s investment in Fairview Cheese not only strengthens the cheese industry but also creates opportunities for job creation and skills development.”

On the other hand, Heritage Capital, in addition to its investment in Fairview Cheese, has forged a partnership with Nurture Brands, a key player in the functional food industry.

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