# i-Cubed Capital

i-Cubed Capital is a Private Equity based in Boca Raton, South Africa.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Boca Raton, South Africa
- **Region:** Africa
- **Address:** Johannesburg, South Africa
- **Assets under management:** Undisclosed
- **Website:** www.icubedcapital.co.za

## About

i-Cubed Capital is an SEC-registered investment adviser in Boca Raton, FL, registered since 2023. The firm manages approximately $363 million in assets. It has 8 employees and 3 investment advisers.

## Sectors

- Enterprise Software
- Financial Services
- Healthcare Services
- Industrial Tech
- Energy Transition & Renewables

## People

- Sipho Maseko — Founder and Managing Partner
- Lerato Mosiah — Partner

## Questions

### Who runs investment decisions at i-Cubed Capital?

Sipho Maseko, the founder and managing partner, leads all investment decisions. He is supported by partner Lerato Mosiah. The firm's investment committee consists of its two partners and draws on a network of operating advisors with former C-suite experience at South African industrial and telecom companies.

### How does i-Cubed Capital source proprietary deal flow?

i-Cubed sources the majority of its deals through the founder's network of retired executives from South African blue-chip companies. These operators identify businesses facing succession challenges or operational distress before formal sale processes begin, giving the firm a first-look advantage outside Johannesburg's competitive auction market.

### What size equity checks does i-Cubed typically write?

The firm targets equity investments between $5 million and $25 million, positioning it in the mid-market gap below large-cap pan-African funds and above angel or venture-stage investors. This check size allows i-Cubed to acquire majority stakes in founder-owned businesses with established revenue streams.

### Which geographies does i-Cubed Capital target?

The firm concentrates on South Africa as its primary market, with selective expansion into Kenya and Nigeria. These three markets represent the bulk of the firm's deal pipeline, driven by proprietary sourcing relationships in each country.

### What is i-Cubed's known posture on co-investments alongside external GPs?

i-Cubed deploys capital from a closed group of family-office co-investors who participate alongside the founder on a deal-by-deal basis. The firm does not syndicate broadly to institutional LPs or open its co-investment process to external GPs, preserving alignment and decision speed.

## Related profiles

- [ICT Hub Venture](https://altss.com/profile/ict-hub-venture)
- [ICV Partners](https://altss.com/profile/icv-partners)

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Last updated: 2026-06-03T20:00:00.000Z

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