Build­ing the bal­ance sheet

Proven track record of ex­e­cut­ing trans­ac­tions that add value and build bal­ance sheets

Financial Mail - - CORPORATE REPORT -

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

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