Our BusinessOld Mutual Alternative Investments

Who we are

Old Mutual Alternative Investments (Pty) Ltd (OMAI) is one of Africa’s leading private alternative investment managers. We manage infrastructure funds through our subsidiary, African Infrastructure Investment Managers (Pty) Ltd (AIIM); private equity, hybrid capital, and impact funds.

We choose to make a positive impact across Africa by partnering with stakeholders to build businesses that deliver competitive returns and unlock opportunities others may overlook.

Our Investment Philosophy

We are committed to making a POSITIVE DIFFERENCE by striving to achieve consistent and competitive investment returns while facilitating economic growth and job creation. 

We believe SUSTAINABLE INVESTMENTS have a greater positive impact on the world around them. Our investments in infrastructure development, housing, schools and education, community property and private businesses, serve as great engines of employment, skills development and economic growth. 

Fundamental to how we operate is building strong PARTNERSHIPS. We leverage our expertise and network to source, execute and exit investments in established companies across Africa. We work closely with our investments throughout their lifecycle to drive long-term sustainable value.

Our Investment Philosophy
Our People

Our people are passionate about developing innovative and creative investment solutions and are fundamental to our success. Through a shared-values system, we’re able to realise community needs and ultimately, produce superior returns for investors.

Capabilities

As on-the-ground investors, our 94 investment professionals in Johannesburg, Cape Town, Lagos, Nairobi, and Abidjan manage 23 active funds investing in over 274 portfolio companies.

Infrastructure Equity

We develop and manage private equity infrastructure funds designed to invest in long-term institutional equity in African infrastructure projects, including renewable energy, baseload power generation, toll roads, ports, digital infrastructure and PPP assets.

Infrastructure Equity
Private Equity

We actively manage private equity investments across South Africa, investing in high-quality, unlisted business with significant growth potential and attractive characteristics.

Private Equity
Impact Investing

We aim to deliver commercially viable returns in investments that deliver large-scale impact which benefit middle and lower-income communities, particularly in affordable housing and quality education.

Impact Investing
International Private Equity

We identify and partner with high quality, highly differentiated private equity managers who operate in inefficient segments of the private markets ecosystem. Our focus is on managers within the buyout, growth equity and venture capital sub-asset classes across North America, Europe and Asia.

International Private Equity
Hybrid Capital

We are one of South Africa’s most established alternatives fund managers investing in high yielding debt, mezzanine debt, preference shares, and quasi equity.

Hybrid Capital
Infrastructure Debt

All infrastructure debt investments within Old Mutual Alternative Investments are managed by the Infrastructure Debt capability. Infrastructure Debt is one of South Africa’s leading institutional infrastructure debt investment managers, with a significant and strong track record of structuring, investing, and managing core infrastructure projects.

Infrastructure Debt
Diversified Credit

Diversified Credit brings over 30 years of expertise, managing a R22bn portfolio within Old Mutual Alternative Investments. Specializing in high-quality, Investment-Grade credit assets across diverse markets, our services cover deal origination, execution, and evaluation, as well as credit support, asset management, and counterparty engagements. Our focus is on building a well-diversified portfolio for superior risk-adjusted returns.