Integrated approach to supporting universities in all aspects of online program management; model
proven in the United States and Latin America.

 

Cape Town, South Africa and Denver, Colorado (May 10, 2018)
– One Thousand & One Voices® (1K1V®), a private family capital fund backed exclusively by industry-leading families from around the globe, today announced its investment in Higher Ed Partners South Africa (HEPSA), a leading online education company based in Johannesburg, South Africa. The investment marks 1K1V’s first investment in the education sector in Africa.

 

HEPSA is an integrated provider of online program management services to leading tertiary educational
institutions in South Africa. These services enable HEPSA’s partner universities to expand access to high
quality, affordable higher education by supporting the conversion of existing programs to an engaging
online format, attracting and enrolling qualified students and providing ongoing student support from
enrollment through to graduation.

 

“HEPSA emerged from a deep belief in the transformative power of higher education to change the lives
of countless global citizens,” said Randy Best, Founder and Chairman of HEPSA. “While the value of
education has been recognized since Ancient Greece, the ability to provide universal access to topquality
higher education is new. Technology is a game changer for post-secondary learning/education
and a great enabler. Its extraordinary ability to disseminate knowledge unbound by geography and time
has captured the imaginations of people around the world. HEPSA is excited to participate in this
movement, which is transforming higher education by expanding access and helping millions achieve
their aspirations,” said Mr. Best.

 

HEPSA was founded by Best Associates, the company that founded and grew multiple leading online
program management and higher education companies around the globe, including Academic
Partnerships in the United States and Illumno in Latin America.

 

“We are honored to be partnering with HEPSA to deliver innovative education solutions in South Africa.
We believe the deep industry experience of HEPSA’s management team and its success to date leaves
HEPSA well-positioned to capitalize on the significant growth occurring in the tertiary education sector
in South Africa. We are confident that we can further enhance value by leveraging 1K1V’s Intellectual
and Relational Capital, both in South Africa and internationally,” said Hendrik Jordaan, President and
CEO of 1K1V®.

 

This transaction represents 1K1V’s fourth platform investment on the African continent, adding to its
existing portfolio companies, Redsun Dried Fruit & Nuts®
, a raisin processor located on the banks of the
Orange River in the Kalahari Desert, Beefmaster®
, South Africa’s largest beef exporter, and SanLei®
, a specialist aquaculture business headquartered in the Kingdom of Lesotho. In addition, 1K1V portfolio
companies also concluded investments in TRUE Jerky, a San Francisco-based healthy snack foods
company, and RTE Snacks, a producer of healthy, ready-to-eat trail mix products.

 

About HEPSA
HEPSA is an integrated provider of online program management services to the leading tertiary
educational institutions in South Africa. The Company assists universities in converting their on-campus
degree programs into an online format, recruits qualified students for those programs, and supports
enrolled students through graduation. HEPSA is guided by the principle that the opportunities presented
through technology-aided learning make higher education more accessible and affordable. HEPSA is
headquartered in Johannesburg, South Africa. For more information, please visit
www.higheredpartners.co.za.

 

About 1K1V®
1K1V® is a private family capital fund designed to enhance the best of what private equity investment
has to offer with the Intellectual Capital, Relational Capital and Financial Capital — or Three-Dimensional
Capital®— of industry-leading families. For more information, please visit www.1K1V.com.

 

Contact:

 

1K1V®
Kate Matheny
+1.720.407.8220
info@1k1v.com

 

HEPSA
Jade Roth
+1.214.438.4155
Jade.roth@higheredpartners.com