AP Ventures Established as an Independent Venture Capital Fund, Subscribed by Anglo American Platinum and Public Investment Corporation
Anglo American Platinum is the world's leading primary producer of PGMs and is expected to continue to provide AP Ventures with the benefit of industry expertise, market knowledge and access to international networks. The PIC is one of Africa's largest investment managers, with assets totalling over US$160 billion, and through its extensive investment research expertise brings unrivalled insight to AP Ventures and its portfolio companies. Having enjoyed success and built a strong track record as part of Anglo American Platinum's PGM Investment Programme, we have taken the decision to separate the fund's activities into an independent structure that will attractadditional outside investment and allow AP Ventures to increase the scale of its activities." Whilst at Anglo American Andrew established the successful Corporate Venture Capital Fund, the predecessor fund to AP Ventures, to invest in innovative companies which utilize PGMs. Andrew is a board member of two investee companies, Food Freshness and GreyRock.