An innovative
structure for you

First in market with an easy, affordable, efficient and 100% compliant fund structure


We understand that the ecosystem requires attention for your fund to get off the ground, and be successful. But here’s the thing, you don’t have to manage it all yourself. That’s where we come in.

Rencell is the first in market with an easy, affordable, efficient and 100% compliant fund structure.

We will handle all the setup and administrative requirements, so your time can be best spent on the fund essentials of attracting investment, post investment management, networking, and marketing.

We will provide you with all the support you need to make a success of your fund – for one fixed monthly fee.

And we’ll have you up and running in 2 weeks.

Specialists in setting up and administering small cap funds

Grovest have assets under management in excess of R3 billion

Board of directors

Jeff Miller

Non-Executive Director

Amaresh Chetty

Chief Executive Officer & Director

Adriaan Erasmus

Non-Executive Director

Want to learn more?

Get in touch, we’re happy to walk you through it.

Jeff Miller

Non-Executive Director

Jeff holds directorships on the boards of various companies in which he holds private equity investments. Jeff serves a Director on the Boards of the MSL Qualifying Companies. Jeff is the executive director and CEO of the Manager.

Jeff is a Chartered Accountant having completed his articles at Grant Thornton and has over 30 years’ experience investing in unlisted companies across numerous industries. Jeff co-founded Brandcorp, which was listed on the Johannesburg Stock Exchange in 1997.

Jeff brings many years of operational and investment skills to the Company. He was a co-founder of Grovest and Seed Engine and several companies in the Grovest Group including MeTTa Capital Moderate Risk Funds I, II and III. Jeff is a pioneer of Section 12J Venture Capital Companies in South Africa and is an active member of various sub-committees of SAVCA and Simodisa, both of which focus their efforts on the South African Venture Capital industry. Jeff serves on the Board of the 12J Association of South Africa. Jeff is also an active member of the Young Presidents Organisation.

Amaresh Chetty

Chief Executive Officer & Director

Amaresh worked at First Rand Bank in the leveraged debt division focusing on management buy-in’s/buy-out’s and BEE deals.

Thereafter, he joined Absa where he was a National Manager of Specialised Finance, and an observer at the Incubator Fund Private Equity Investment Committee.

Amaresh then joined Circle Capital, a BEE investment holding company, founded and chaired by Mamphela Ramphele, as their Senior Investment Officer, responsible for investment evaluation and acquisitions.

At Circle Capital he worked on transactions across healthcare, financial services and education.

Experience includes cross-border finance incorporating export credit guarantees (aquarium project in Istanbul – arranged debt from a New Zealand bank utilising an NZECO guarantee) and mezzanine financing within the constraint of accommodating thin capitalisation rules.

Other transactions have included empowerment transactions in the real estate space, as well as the raising of mezzanine funding for real estate opportunities.

Amaresh has worked with one of the largest Scandinavian biotech funds on biotech transactions, specifically the due diligence, valuation and structuring of acquisition opportunities in Africa.

Amaresh was a Director of the current National Lottery operator (Ithuba). His other directorships include/have included Director at a lime mine, various resource exploration companies and a technology company which owns a suite of mineral processing patents as well as a conservation NPO.

He is currently a Director of a significant iron ore mining company and a fintech/proptech business.

Adriaan Erasmus

Non-Executive Director
Adriaan received his B. Com degree in 2014 and completed his B. Com Honours degree in the following year at Nelson Mandela Metropolitan University. He went on to complete his CFA Level 1 exam in 2016. Adriaan started his career as an Investment Analyst at the Tindale Group, relocating to Johannesburg to join Grovest Corporate Advisory where he became a senior member of the corporate finance team specializing in renewables, hospitality and asset rental business. Through his tireless efforts to accelerate the adoption of renewable energy in domestic applications, he co-founded Regen Solar Solutions, establishing the residential solar model and making short term PPA’s commercially viable. Adriaan is a passionate, highly energetic and creative thinker whose skills are an asset to Rencell.

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