Pools of capital
Few mandates.
No overlap.
Beyond our own balance sheet we invest through a small number of funds, each with a specific mandate. Our capital is invested in every one of them, alongside our partners'.
A flexible mandate that moves capital to wherever value is most abundant, without a benchmark to hug. Positions are taken across asset classes and instruments, sized according to conviction rather than index weight, and the fund is free to hold cash when nothing meets the price.
A Mauritian domiciled stay-rich vehicle rather than a get-rich one. The fund exists to protect capital in real, inflation-adjusted terms: it is fairly evenly invested at all times across cash, bonds, equity and commodities, tilted towards undervalued assets but never in an extreme fashion. It does not forecast and it does not reach for yield.
Established in July 2024 for specifically selected investors, to capitalise on a temporary opportunity in the South African listed market: minority interests in quality listed small and medium-sized businesses, in a tax-efficient vehicle. Local stocks have been sold down regardless of valuation, and the consortium is deliberately sized to the opportunity rather than to our appetite for assets.
A specialist fund devoted to special situations in South Africa: corporate actions, restructurings, delistings, discounted holding companies and the odd forgotten balance sheet. These are outcomes driven by events and documents rather than by sentiment, which is precisely their appeal.
An unlisted investment company through which we hold broad-based empowerment interests in South African businesses. Beagle is a long-term shareholder: it brings capital and governance to companies that want a genuine empowerment partner rather than a temporary one.
A South African domiciled stay-rich vehicle rather than a get-rich one. The fund exists to protect capital in real, inflation-adjusted terms: it is fairly evenly invested at all times across cash, bonds, equity and commodities, tilted towards undervalued assets but never in an extreme fashion. It does not forecast and it does not reach for yield.
A concentrated global fund holding a small number of obscure value opportunities off the beaten track, companies too small, too complicated or too remote to appear on most institutional screens. Breadth of coverage is deliberately sacrificed for depth of understanding.
Selling a business, or looking for a differentiated mandate?
Start a conversationHedge fund products described here are available to qualified or retail hedge fund investors as their respective mandates permit. Nothing on this page is an offer, a solicitation or advice. Past performance is not a guide to future returns.