Pursuing superior returns
We always look to invest alongside our clients, committing to the funds we manage. In pursuing superior returns, we identify attractive investment opportunities overlooked by others, which might include high barriers to entry, out-of-favour industries or mispriced assets.
By carefully balancing risk against opportunity, we have made investments in housing, infrastructure, sustainable energy, education and private equity while delivering our investment goal of superior returns.
In turn, our investments stimulate the economic growth that benefits communities, investors and other stakeholders.
Our infrastructure equity funds are managed by African Infrastructure Investment Managers (AIIM), a wholly owned subsidiary of OMAI. As one of Africa’s leading infrastructure equity investment managers, AIIM develops and manages private equity infrastructure funds designed to invest long-term institutional equity in African infrastructure projects.
AIIM has more than 20 years of experience actively managing infrastructure investments throughout the continent. AIIM’s track record extends across seven African infrastructure funds.
Through its offices in South Africa, Nigeria, Cote d’ Ivoire and Kenya, AIIM invests equity in African infrastructure projects such as renewable energy, baseload power generation, toll roads, ports, digital infrastructure and PPP assets.
AIIM provides compelling investment opportunities, which seek to deliver superior returns for investors, adding value through effective environmental, social and governance management.
Private Equity
Old Mutual Private Equity (OMPE) is one of South Africa’s largest and most established private equity managers, with a successful track record of investing in the growth and transformation of South African companies over the last 24 years. We are currently raising our sixth fund, OMPE Fund VI.
Since 2000, we have invested around R17.6 B and delivered R31bn in realised and unrealised value, across 37 transactions and 24 exits.
OMPE has been involved in some of the largest private equity de-listings (e.g. Pepkor, Consol, Life Healthcare, and Long4Life), some of the largest private equity exits (e.g. Consol and Pepkor), and some of the largest private equity IPO’s (Life Healthcare).
Old Mutual Private Equity Fund VI, established in 2023, focuses primarily on investments within South Africa, with the flexibility to allocate up to 25% in the Rest of Africa, with a preference for East Africa. Our investment strategy revolves around unlocking proprietary opportunities, particularly in mid-market growth companies, that not only promise attractive returns for our investors but also create positive impact within communities. Whether through acquiring significant minority equity stakes or control positions, we collaborate with like-minded investors and management teams to realise the growth potential of high-quality unlisted companies.
Old Mutual Private Equity Fund V, established in 2020, is fully invested in South Africa. We deployed the fund within a period of two years into high quality business, a testament to the conducive environment for OMPE in South Africa, Our investment strategy revolves around unlocking proprietary opportunities, particularly in mid-market growth companies, that not only promise attractive returns for our investors but also create positive impact within communities. Whether through acquiring significant minority equity stakes or control positions, we collaborate with like-minded investors and management teams to realise the growth potential of high-quality unlisted companies.
Old Mutual Private Equity Fund IV was established in January 2014. It invested in eight high-quality unlisted companies with significant growth potential. We acquired significant minority and majority equity stakes in the businesses, partnering with like-minded management teams and investors. This Fund is closed to new investment and is fully deployed.
Old Mutual Private Equity Fund III was established in 2007 and delivered strong returns by investing in high-quality unlisted companies that displayed significant growth. This Fund is closed.
Old Mutual Private Equity Fund II was established in October 2005 and aims to deliver medium- to long-term returns by investing in high-quality unlisted companies that display significant growth potential. This Fund has invested R2.8bn across nine companies. This Fund has two investments remaining
Old Mutual Private Equity Fund I was established in March 2004 and invested R2bn across six companies. The last investment was realised in February 2012. Over its lifespan, the Fund returned more than R8bn to its investors.
We manage in excess of R9 B (USD 545 M) across a range of funds that provide investors with commercially acceptable returns while addressing the gaps in social infrastructure, primarily in affordable housing and quality education.
OMAI’s second education impact fund, building on the success of its preceding fund with an expanded mandate, including independent schools, tertiary education and ancillary education services.
Addressing the unique accommodation needs in the South African retired market, such as security, healthcare and other services. OMRAF invests in new developments and existing facilities, across life right, sectional title, freehold and rental typologies.
Focusing on the upgrading of existing or building of new independent schools in the Affordable Market segment with the objective to deliver quality education and commercially acceptable returns.
Investing in various aspects of the housing value chain, from the development of housing projects, rental accommodation and student accommodation, through to the provision of mortgage and incremental housing finance, with a focus on the Affordable Market segment.
Investing in a range of opportunities and innovations at the low income level, including housing, micro-finance, black SMME finance and transformational infrastructure in underdeveloped areas that meet the terms of the Financial Sector Charter (FSC).
