Company lists · Data refreshed September 2026

Top 25 Lower middle market pe firms based in South Africa

Name: Lower middle market pe firms based in South Africa
Creator: RevenueBase
License: https://creativecommons.org/licenses/by/4.0/

Compiled by the RevenueBase Data Team Data refreshed Sep 20, 2026 57 companies tracked

RevenueBase identified 57 lower middle market pe firms headquartered in South Africa as of September 2026 and tracks 236 professional contacts across them, including 108 with verified work emails. Johannesburg is the largest hub.

This list covers lower middle market pe firms headquartered in South Africa, matched on what each company actually does as described in its own words. Ranked by team size, largest first. Every row shows the company's own description, its RevenueBase Smart Search rating, and when it was last checked. Data refreshed September 20, 2026.

Published by RevenueBase, a B2B data infrastructure company. This list was built with RevenueBase Smart Search, the natural-language company search RevenueBase customers use to build their own targeted lists and unlock verified emails and direct dials at the companies on them. How these lists are built and judged.

How to read this list HQ checked on every row RevenueBase Smart Search rating on every row Refreshed Sep 20, 2026 86% judged on-target in blind review

57Companies

236Contacts tracked

108Verified emails

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The 25 largest lower middle market pe firms based in South Africa

Ranked by team size

Top 25 of 57 lower middle market pe firms based in South Africa, ranked by team size, largest first. Data refreshed Sep 20, 2026. RevenueBase Smart Search rates how each company's information relates to lower middle market pe firms: strong evidence (its own description names it), partial (names part of it), indirect (matched on the rest of its profile rather than the description shown). Click a contact count to view that company's people.
#	Company	RevenueBase Smart Search	Headquarters	Employees	Contacts
1	Metier	Indirect evidence	Johannesburg, South AfricaHQ checked Sep 20, 2026	11-50	30 contacts →
	Indirect evidence “Metier is an independently owned private equity fund manager with an extensive track record spanning nine investment pools and delivering returns in excess of 30%/ Metier is an…” Source: RevenueBase Database · checked Sep 20, 2026
2	Medu Capital	Indirect evidence	Johannesburg, South AfricaHQ checked Sep 20, 2026	1-10	28 contacts →
	Indirect evidence “Established in 2003, Medu Capital is a professional investment management company with a focus on private equity.” Source: RevenueBase Database · checked Sep 20, 2026
3	Sanari Capital	Partial evidence	Johannesburg, South AfricaHQ checked Sep 20, 2026	11-50	17 contacts →
	Partial evidence “Sanari Capital is a value-adding private equity firm focused on medium-sized and mid-market growth investments emanating from Africa (mainly from South Africa) with regional and…” Source: RevenueBase Database · checked Sep 20, 2026
4	Ifsa Asset Managers	Indirect evidence	Kempton Park, South AfricaHQ checked Sep 20, 2026	51-200	10 contacts →
	Indirect evidence “Welcome to IFSA Private Equity – pioneers of prosperity.” Source: RevenueBase Database · checked Sep 20, 2026
5	Vuna Partners	Indirect evidence	Johannesburg, South AfricaHQ checked Sep 20, 2026	1-10	8 contacts →
	Indirect evidence “Vuna Partners is a South African private equity investor focused on medium sized businesses across a range of sectors.” Source: RevenueBase Database · checked Sep 20, 2026
6	Multiply Group	Indirect evidence	Durban, South AfricaHQ checked Sep 20, 2026	11-50	6 contacts →
	Indirect evidence “The Multiply Group is a private investment company that provides longer term strategic capital to business owners through a partnership focused approach.” Source: RevenueBase Database · checked Sep 20, 2026
7	Cambridge Capital	Indirect evidence	Cape Town, South AfricaHQ checked Sep 20, 2026	11-50	6 contacts →
	Indirect evidence “Cambridge Capital was founded in 2007 with the vision of building a global investment company.” Source: RevenueBase Database · checked Sep 20, 2026
8	Saad Investment Holdings	Indirect evidence	Cape Town, South AfricaHQ checked Sep 20, 2026	1-10	6 contacts →
	Indirect evidence “SAAD Investment Holdings (SAAD) was established in 2006 as the investment arm of the Tree of Life group.” Source: RevenueBase Database · checked Sep 20, 2026
9	Scientia Holdings Property Fund	Indirect evidence	Johannesburg, South AfricaHQ checked Sep 20, 2026	1-10	6 contacts →
	Indirect evidence “Scientia Holdings Property Fund (Pty) Ltd is a proudly South African private equity fund manager established in 2019, with operations officially commencing in 2020.” Source: RevenueBase Database · checked Sep 20, 2026
10	Athena Capital	Indirect evidence	Newlands, South AfricaHQ checked Sep 20, 2026	11-50	5 contacts →
	Indirect evidence “Athena Capital is an established private equity company that has the experience to deliver positive returns for innovation-led businesses.” Source: RevenueBase Database · checked Sep 20, 2026
11	Summerplace Equity Partners	Indirect evidence	Sandton, South AfricaHQ checked Sep 20, 2026	1-10	5 contacts →
	Indirect evidence “SummerPlace Equity Partners is a black female owned fund manager based in Johannesburg, South Africa.” Source: RevenueBase Database · checked Sep 20, 2026
12	Lone Bull Group	Indirect evidence	Cape Town, South AfricaHQ checked Sep 20, 2026	1-10	5 contacts →
	Indirect evidence “The Lone Bull Group is a South African private equity and venture capital funding firm.” Source: RevenueBase Database · checked Sep 20, 2026
13	Twofold Capital	Indirect evidence	Cape Town, South AfricaHQ checked Sep 20, 2026	1-10	4 contacts →
	Indirect evidence “Twofold Capital is a private equity investment and advisory business focused on building, growing, and investing in enduring businesses for the long-term.” Source: RevenueBase Database · checked Sep 20, 2026
14	Growth Capital Partners	Indirect evidence	Craighall Park, South AfricaHQ checked Sep 20, 2026	1-10	3 contacts →
	Indirect evidence “Growth Capital Partners is a boutique black-owned private equity investor which focuses on small to medium-size investment opportunities.” Source: RevenueBase Database · checked Sep 20, 2026
15	Bellair Road Investment Partners	Indirect evidence	Cape Town, South AfricaHQ checked Sep 20, 2026	1-10	3 contacts →
	Indirect evidence “At Bellair Road, we understand that the path to building a sustainable business is long and challenging.” Source: RevenueBase Database · checked Sep 20, 2026
16	Principal Partners Trust	Indirect evidence	Johannesburg, South AfricaHQ checked Sep 20, 2026	1-10	3 contacts →
	Indirect evidence “Principal Partners is a ‘boutique’ private equity firm founded by investment specialist, Avram Levy.” Source: RevenueBase Database · checked Sep 20, 2026
17	Kleoss Capital	Strong evidence	Sandton, South AfricaHQ checked Sep 20, 2026	1-10	3 contacts →
	Strong evidence “Kleoss Capital, is a Middle Market Private Equity Investment Manager, that identifies companies seeking either replacement or growth capital.” Source: RevenueBase Database · checked Sep 20, 2026
18	Sakhisizwe Private Equity Fund	Indirect evidence	Johannesburg, South AfricaHQ checked Sep 20, 2026	1-10	3 contacts →
	Indirect evidence “Sakhisizwe Private Equity is a Broad Based Black Economic Empowerment (B-BBEE) Private Equity Firm with its focus on generating long-term capital appreciation by investing in…” Source: RevenueBase Database · checked Sep 20, 2026
19	Paper Plane Ventures	Indirect evidence	Johannesburg, South AfricaHQ checked Sep 20, 2026	1-10	3 contacts →
	Indirect evidence “Partner, invest & scale” Source: RevenueBase Database · checked Sep 20, 2026
20	Bopa Moruo Private Equity	Partial evidence	Johannesburg, South AfricaHQ checked Sep 20, 2026	1-10	2 contacts →
	Partial evidence “Bopa Moruo is a mid-market Southern Africa focused Private Equity firm with the aim of generating long-term capital appreciation by building formidable businesses.” Source: RevenueBase Database · checked Sep 20, 2026
21	Metier Private Equity	Indirect evidence	Randburg, South AfricaHQ checked Sep 20, 2026	1-10	2 contacts →
	Indirect evidence Source: RevenueBase Database · checked Sep 20, 2026
22	Bietou Capital	Indirect evidence	Stellenbosch, South AfricaHQ checked Sep 20, 2026	1-10	2 contacts →
	Indirect evidence “Bietou Capital Limited is a private investment holding company.” Source: RevenueBase Database · checked Sep 20, 2026
23	Calibrate	Indirect evidence	Johannesburg, South AfricaHQ checked Sep 20, 2026	1-10	2 contacts →
	Indirect evidence “Calibrate is a private, black female empowered equity investment business run by a team of investment professionals and entrepreneurs with diverse skill sets and backgrounds.” Source: RevenueBase Database · checked Sep 20, 2026
24	Rubicon Investment Holdings	Indirect evidence	Cape Town, South AfricaHQ checked Sep 20, 2026	11-50	2 contacts →
	Indirect evidence “Rubicon Investment Holdings is a company with a core focus on private equity acquisitions.” Source: RevenueBase Database · checked Sep 20, 2026
25	Aligned Capital PTY LTD	Partial evidence	Johannesburg, South AfricaHQ checked Sep 20, 2026	1-10	2 contacts →
	Partial evidence “Aligned Capital (Pty) Ltd focuses on small and mid-market investment opportunities where entrepreneurs are looking for growth capital and / or strategic support.” Source: RevenueBase Database · checked Sep 20, 2026

RevenueBase Smart Search

RevenueBase Smart Search assesses information from a company’s LinkedIn profile, information supplied directly by the company, its website, and other publicly available sources. It uses that information to rate how closely the company relates to this list’s category: lower middle market pe firms. Every row carries its rating and the description the rating was read from, so each one can be checked rather than taken on trust.

Strong evidence: The company's own public description of its business names lower middle market pe firms.
Partial evidence: Its own public description names part of lower middle market pe firms, so it works in or next to the category without describing itself that way.
Indirect evidence: The description shown does not name lower middle market pe firms. The match rests on the rest of the company's public profile rather than the one sentence quoted here, so this is the rating to check first.

RevenueBase Smart Search is how these lists are built: RevenueBase's data engine and AI assemble the companies that match a category defined in a user's own words, so a list can be about what companies actually do rather than about whichever industry code they were filed under.

Showing 25 of 57 lower middle market pe firms based in South Africa

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Lower middle market pe firms based in South Africa at a glance

As of Sep 20, 2026

45.8%Verified-email coverage

4.1Average contacts per company

1-10Median size (employees)

42.1%Largest-city concentration · Johannesburg

Sep 20, 2026Page data refreshed

Companies by employee count

1-10

11-50

51-200

Email recency for this list is measured worldwide rather than for South Africa, so it is reported there. Company counts and contact totals on this page are exact for South Africa, over 57 companies.

How this list was built

Company categories are rarely black and white. RevenueBase reads each company's own description of its business to decide whether it belongs among lower middle market pe firms, so some rows will be adjacent to the category rather than pure plays. The description and RevenueBase Smart Search rating on every row are there so you can check each match yourself.

Source: The RevenueBase company graph: 60 million companies and 398.9 million professional contacts resolved from primary sources, queried with RevenueBase Smart Search, the natural-language company search available to every RevenueBase user.
What qualifies: Companies headquartered in South Africa whose own description of what they do matches “lower middle market pe firms”. Matching reads each company's description, not its industry code or its name.
RevenueBase Smart Search: RevenueBase Smart Search is how this list is assembled and how each row is rated. RevenueBase's data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to a category defined in a user's own words. Each row is rated strong evidence (its own description names lower middle market pe firms), partial evidence (it names part of the category) or indirect evidence (the description shown names none of it and the match rests on the rest of the company's profile). The description supporting each rating is quoted on the row.
What we exclude: Companies whose own description does not clearly place them among lower middle market pe firms, and records with no verified work email. Companies headquartered outside South Africa are excluded even when they keep an office there.
Match quality: In blind human judging of this matching method, 86% of matched companies were on target. Expect roughly 1 in 7 rows to be adjacent to the category rather than a pure play. Every row shows the company's own description and its RevenueBase Smart Search rating so you can judge each match yourself. Read the full methodology: how the lists are built, how the judging worked, and what the figure means.
Ranking: Team size, largest first: companies are ordered by the number of professionals RevenueBase tracks at each one. Employee ranges shown are reported bands, for context.
Verification: Every listed company carries at least one verified work email, 108 across the full list. Contacts re-verify on a rolling cadence, and each contact's own verification date is shown inside RevenueBase.
Refresh: This page's figures were pulled from the company graph on September 20, 2026. Lists refresh periodically as the graph is re-checked.
Corrections: Wrong category, wrong headquarters, or a company that has closed? Use “Report an issue” on any row. Reports go to the RevenueBase Data Team and feed back into the company graph.

Frequently asked

What is RevenueBase Smart Search?

RevenueBase Smart Search is how RevenueBase decides which companies belong on this list and how strongly each one fits. Its data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to the category the list is about. Each row is rated strong evidence when the company's own description names lower middle market pe firms, partial evidence when it names part of the category, and indirect evidence when the description shown names none of it and the match rests on the rest of the company's profile.

How many lower middle market pe firms are there based in South Africa?

RevenueBase identified 57 lower middle market pe firms headquartered in South Africa as of September 2026, matched on each company's own description of what it does rather than its industry code.

What is the largest company on this list?

Metier, headquartered in Johannesburg, tops this list with the largest team on record.

Which city has the most lower middle market pe firms?

Johannesburg leads with 24 headquartered companies, followed by Cape Town (11) and Sandton (4).

How do I get contact information for these companies?

A free RevenueBase account lets you run this exact search and work the top results, verified emails and direct dials included. Upgrading unlocks all 108 verified decision-maker contacts tracked across these 57 companies.

How current is this list?

The list refreshes periodically as the company graph is re-checked. This page's figures were pulled on September 20, 2026.

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About this data

RevenueBase is a B2B data infrastructure company. Its company graph covers 60 million companies and 398.9 million professional contacts, with emails verified on a rolling cadence rather than scraped once and left to decay. These company lists are generated directly from that graph with RevenueBase Smart Search, the same natural-language company search every RevenueBase user has: describe a market in plain words, get the companies that match, and add verified emails and direct dials for the people at them. It is the same data that powers RevenueBase's B2B data products, and a free account includes 500 credits to start. How these lists are built and judged.