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 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
In South Africa, we have successfully invested ZAR 9.4 B (USD 660 M) in 31 direct investments.
In our direct investments business, we have invested in many of South Africa’s top private equity deals (by value), including Pepkor, Life Healthcare, Actom, Idwala, Tourvest, Libstar, Shanduka and Primedia.
Old Mutual Private Equity Fund IV was established in January 2014. It invests in high-quality unlisted companies that display significant growth potential. We aim to acquire significant minority equity stakes in the businesses, partnering with a consortium of like-minded investors. This Fund is closed.
Old Mutual Private Equity Fund III was established in 2007 and aims to deliver medium- to long-term returns by investing in high-quality unlisted companies that display significant growth potential. The Fund has invested R268 million across two companies. 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 R2.8 billion across nine companies. This Fund is closed.
Old Mutual Private Equity Fund I was established in March 2004 and invested R2 billion across six companies. The last investment was realised in February 2012. Over its lifespan, the Fund returned more than R8 billion to its investors.
Impact Investing
We manage in excess of ZAR 8.0 B (USD 557 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).
