South African Fund Managers: Trends in Fund Domiciliation and Capital Raising

Dr Desné Masie is an economist and thought leader in international financial markets, specialising in investment funds, technology, regulation and policy. She has held senior roles in academia, media and finance in the UK and South Africa. She is the chief strategist and founding partner at strategic advisory firm, IC Intelligence. Dr Masie is also the editorial director of the African Business magazine and podcast, and a columnist for Business Day. In London, she has been a senior associate in financial services at Global Counsel; the director of the Investec Investment Institute; and the corporate relations manager of the Royal African Society. In Johannesburg, she was a senior editor of the Financial Mail and a consultant at Alexander Forbes Group, South Africa's largest investment multi-manager. Dr Masie holds a PhD in Accounting & Finance from The University of Edinburgh Business School and an MSc in Finance & Financial Law from The University of London, SOAS.

Derrick Roper is a qualified actuary. He graduated from the University of Stellenbosch in South Africa and is a Fellow of the Institute of Actuaries in England. Before joining Novare he worked for a number of large financial services companies in South Africa including Sanlam and Gensec Asset Management. He spent some time in the United Kingdom where he gained experience in investment product development in the pension fund market. Derrick co-founded Novare in October 2000. He is a regular commentator on industry topics in the financial media and has addressed numerous conferences across the globe. Derrick’s areas of expertise include asset-liability matching, strategic asset allocation, alternative investments and private equity investments in sub-Saharan Africa. Derrick’s tendency to innovate in product development saw Novare launch the first South African Fund of Hedge Funds in 2003, and subsequently, the first Novare Africa Property Fund in 2010.

Tim Streeter is Head of Investor Relations at the Private Infrastructure Development Group (PIDG). Tim joined PIDG in September 2019 from Deutsche Pfandbriefbank AG (pbb) London, where he was Head of Loan Markets in the bank’s Public Investment Finance Team. He led the bank’s syndication activities and successfully established and maintained relationships with both banks and institutional investors, as the bank built a portfolio of infrastructure-related and export credit agency-backed assets. He was also a member of the bank’s new deal committee for Public Investment Finance business and of the London branch’s operating committee. Prior to joining pbb, Tim held various positions in investment banks in the field of debt capital markets in UBS (in both London and Tokyo), Commerzbank (in the field of Emerging Markets) and Mizuho Bank.

Cindy is an international funds partner at Simmons & Simmons, who focuses on emerging markets, in particular Africa. She acts for many high profile GP’s on private equity fundraising structures, permanent capital vehicles, segregated mandates, carry and coinvest structuring and alternative structures across a range of assets including real estate, infrastructure, mid-market, and venture. She also acts for DFI’s and IFI’s investing into funds. Simmons & Simmons won the Private Equity Africa Law Firm of the year for Funds in 2018.

Fadi is an Investment Manager at CDC Group plc, the UK’s Development Finance Institution, focussed on fund investments across Africa and strategies (private equity, private credit, venture capital and sector-focussed funds). Prior to CDC, he worked in corporate finance at EY in London. He is a chartered accountant (UK) and holds a degree in engineering (B/MEng) from Imperial College London.

Peter, a lawyer by training and background, is a partner of Rockwood Private Equity. Rockwood is private equity fund operating in South Africa with a portfolio of large industrial assets and an investment history focussing on the industrial and service sectors. Prior to joining Rockwood, Peter spent some time working at Nedbank and subsequently Absa Capital (the South African investment banking division of Barclays Capital) where he was the General Counsel of the Corporate and Investment Bank. Immediately after leaving banking Peter was a director of the large South African commercial law firm Werksmans Attorneys where he advised on finance law, funds and private equity related matters.

Nhlanganiso Mkwanazi is an Executive Director of Medu Capital. He has 26 years of experience in auditing, management consulting and private equity. Prior to joining Medu Capital, Nhlanganiso worked in auditing at Deloitte, management consulting at Gemini Consulting and private equity at Brait Private Equity. He has been with Medu Capital for 17 years. Nhlanganiso serves on various boards of companies in industrial, technology and financial services. Nhlanganiso qualified as a Chartered Accountant (South Africa) and is a CFA charter holder.