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Investment criteria

Investment criteria

Indicative considerations for growth-equity opportunities. This is not a final underwriting policy.

Businesses should generally demonstrate

  1. 01Existing revenue
  2. 02Established operations
  3. 03Identifiable customers and market
  4. 04Capable management
  5. 05Reliable financial records
  6. 06Clear use of investment proceeds
  7. 07Credible growth strategy
  8. 08Potential for sustainable profitability and cash generation
  9. 09Appropriate governance or willingness to strengthen governance
  10. 10Measurable economic contribution
  11. 11Potential to create or sustain employment
  12. 12Appropriate legal and regulatory standing
  13. 13A credible route through which SAEF may ultimately realise its investment

Generally outside mandate

SAEF is generally not designed for the following. This guidance is professional orientation — it does not unnecessarily exclude otherwise viable businesses before proper assessment.

  • Idea-stage concepts
  • Pre-revenue startups
  • Personal finance or consumer loans
  • Grant applications
  • Distressed businesses primarily requiring rescue capital
  • Businesses unable to provide adequate financial information
  • Purely speculative ventures