Building the balance sheet
Proven track record of executing transactions that add value and build balance sheets
Harith is fine-tuning its growth strategy, which is focused on strengthening its own balance sheet. The entity is taking a leaf from private equity funds such as Brait, by raising capital to co-invest alongside its own investors in its underlying funds. This approach will free Harith from a dependency of relying on the carry for its participation.
Harith’s revenues are limited to the management fees, which are utilised for the management of the funds and a carry or share of profits earned which accrues at the termination of funds under management as compensation for managing the funds.
“We want to align our interests with our fund investors, and this requires us to raise capital to acquire shares in the funds under management,” says Harith head of corporate finance and strategy Pani Tyalimpi.
“We will never own more than 5% or 10% of the funds under man10
Pani Tyalimpi: Focus on aligning interests with Harith’s fund investors