Our Fund

A typical fund comprises of a portfolio of investments, in which capital belonging to numerous investors is used to collectively purchase shares in other businesses while each investor retains ownership of his/her shares.

The Kalon Venture Partners funds invests in the most promising disruptive tech companies by the most experienced and successful board of investors.

Kalon aims to achieve an investment return of five times the risk capital invested within 6 years with a targeted Internal Rate of Return of more than 30% per annum. An investment in Kalon should be considered as a medium to long-term investment.

One of the main challenges to the economic growth of small and medium-sized businesses and junior mining exploration is access to equity finance. To assist these sectors in terms of equity finance, the South African government has implemented a tax incentive for investors in such enterprises through a Venture Capital Company (VCC) regime.

In terms of Section 12J of the Income Tax Act, investors will be entitled to deduct from their income the full amount of their investment in the tax year in which the investment is made. This tax relief mitigates the investment risk and significantly enhances the potential return. In addition, if an investment in Kalon exceeds the investor’s taxable income in the year that the investment is made, the tax loss created can be carried forward to subsequent years.

A return of capital limited to the amount of the initial investment will not be subject to income tax as a recoupment in the hands of an investor provided that the investment has been held for no less than five years.

Kalon intends to return realised investment surpluses to shareholders by way of dividends. Dividends paid will be subject to Dividend Withholding Tax as applicable.

Capital Gains as well as original capital returned to investors will be subject to Capital Gains Tax.

Kalon Venture Partners Limited is a Venture Capital Company licensed as a Financial Services Provider in terms of Section 8 of the Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002) under licence number 46525

Kalon Venture Partners Limited is also registered with SARS as a Venture Capital Company in terms of Section 12J of the Income Tax Act No. 58 of 1962 under reference number VCC-0030.

Kalon Venture Partners Limited has obtained legal opinion that it does not fall within the ambit of the Collective Investment Schemes Control Act no. 45 of 2002.

Kalon Venture Partners Fund II Limited is a Venture Capital Company licensed as a Financial Services Provider in terms of Section 8 of the Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002) under licence number 49035

Kalon Venture Partners Fund II Limited is also registered with SARS as a Venture Capital Company in terms of Section 12J of the Income Tax Act No. 58 of 1962 under reference number VCC-0109.

Kalon Venture Partners Fund II Limited has obtained legal opinion that it does not fall within the ambit of the Collective Investment Schemes Control Act no. 45 of 2002.

Kalon Venture Partners Limited

 

Average Investment Size: R5 000 000 to R10 000 000
 Current Size of Fund: circa R100 000 000
 Fund Manager & Promoter: Kalon Venture Partners Management Company (Pty) Ltd
 Administrative Manager: Grovest Advisory Services (Pty) Ltd
 Subscription price per share: R1 100
 Minimum Subscription per investor: R110 000
 Maximum Subscription per investor: R20 000 000
 Targeted Returns: IRR > 30% per annum
 Times Money: 5 times over a 6-year period
 Capital Raising Fee: 3% of funds raised
Management Fee: 2.5% per annum of total funds raised paid quarterly in advance
Performance Fee: For every 4 ordinary shares issued to investors,
The manager is issued with 1 ‘A’ Ordinary Share.

Kalon Venture Partners Fund II Limited

 

Average Investment Size: R5 000 000 to R10 000 000
 Fund Manager & Promoter: Kalon Venture Partners Management Company II (Pty) Ltd
 Administrative Manager: Grovest Advisory Services (Pty) Ltd
 Subscription price per share: R1 100
 Minimum Subscription per investor: R110 000
 Maximum Subscription per investor: R20 000 000
 Targeted Returns: IRR > 30% per annum
 Times Money: 5 times over a 6-year period
 Capital Raising Fee: 3% of funds raised
Management Fee: 2.5% per annum of total funds raised paid quarterly in advance
Performance Fee: For every 4 ordinary shares issued to investors,
The manager is issued with 1 ‘A’ Ordinary Share.