Public Investment Corporation (PIC)

pic.gov.za Direct + LP

The Public Investment Corporation (PIC) is a South African state-owned asset manager that invests on behalf of public sector clients. It manages listed and unlisted portfolios, including funds that allocate capital to external managers and direct investments in early-stage ventures and mining.

Public Investment Corporation (PIC) is a public fund headquartered in South Africa, founded in 1911. It invests both directly in companies and in funds as a limited partner, in listed Equities, fixed Income, real Estate and private Equity. Its stated cheque size is R100–R250m. Over R3 trillion under management, as it reports.

“The PIC’s Early-Stage Fund (ESF) was established to catalyse projects in their infancy, create new industries, drive innovation, support job creation (particularly for youth and women), unlock economic growth, and promote gender equality while generating sustainable financial returns.”

— Public Investment Corporation (PIC), own website

Layer

Direct + LP

Type

Public fund

Stage

Not stated

Headquarters

South Africa

Invests in

South Africa, Rest of Africa

Sectors

Listed Equities, Fixed Income, Real Estate, Private Equity, Mining, Technology

Cheque size

R100–R250m

Founded

1911

Assets under management

over R3 trillion