South Africa's Capitalworks Expanding Hedge Fund Business To London

Sep 15 2017 | 10:20pm ET

South Africa-based private equity company Capitalworks is reportedly prepping a new venture in London that will provide financial and operational support for hedge funds.

The new business will be named Sephira Investment Advisors, according to a Reuters article citing four unidentified sources familiar with the plans. It would be the first step into the U.K. for the South African PE firm, which manages approximately $500 million. 

Two entities, named Sephira GEM Equity and Sephira EM Asia Equity, are registered to Sephira Investment Advisors, according to British regulatory filings. Capitalworks will reportedly assist with compliance, fundraising, and seed capital, the article continued. 

Sephira GEM Equity fund is said to be a global emerging markets long/short hedge fund managed by former will be run by former Carrhae Capital Jason Mitra, Reuters said, and will likely launch in the fall with $200 million - $250 million in assets. 

The Sephira EM Asia Equity fund, meanwhile, will be a long-only strategy focused on Asian emerging markets managed by former Aberdeen Asset Management executive Jan De Bruijn. It will reportedly launch with around $100 million in AUM after the GEM Equity fund. 

Headquartered in Johannesburg, Capitalworks is an independent alternative asset management firm providing access and specialist solutions across a wide range of industries and investment themes in sub-Saharan Africa. 

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