02/06/2026
Capital and Conviction.
At Altvest Credit Opportunities Fund (ACOF), private credit is more than a yield strategy — it is a force multiplier for South Africa's most ambitious SMEs. In an economy where 98.5% of businesses are starved of affordable finance, ACOF has built a disciplined, cash-generative platform proving that capital deployed with purpose delivers outsized returns and outsized impact.
R394.8 million deployed across 44 SMEs in 21 industries — secured by R671.3 million in collateral, with a loan book covered 1.70x. Structured, institutional-grade private credit executed with surgical precision.
Over 2,000 jobs supported at R189,000 per job— a fraction of the IDC's national benchmark of R1.04 million. Every rand stretches further.
Bad debts written off at just 0.09% — against US private credit losses of 9.20% in 2025. A credit quality differential that places ACOF in a class of its own.
A women empowerment framework offering up to 25% reduced interest rates — funding businesses like Ahava Early Learning, a 100% woman-owned school scaling capacity from 96 to 150 learners. Transformation is priced into the model.
R502 million AUM and a R370.7 million active pipeline— anchored by a JSE listing (BACC), a R5 billion DMTN programme, a R75 million SEDFA facility, and Africa expansion across Botswana, Namibia, Uganda and Kenya.
From the Arendse family of Dippa Distributors finally owning their fishing vessel after four generations at sea, to Ukunemba Farms expanding its premium Bonsmara herd and building staff housing in rural South Africa, to Welile Gumede's Azowel Projects — a 100% female-owned hydroponic farm rebuilt twice through unrest and floods — to SSTG becoming Southern Africa's largest accredited maritime training provider, these are generational turning points, underwritten by capital that refused to look away.
ACOF: Listed. Regulated. Relentless. A private credit fund to be reckoned with.
