What Novare EquityPartners does

Novare EquityPartners is a privately-held, Johannesburg-headquartered investment solutions provider founded in 2000, operating across the African continent with offices in South Africa (Johannesburg and Cape Town), Mauritius, Nigeria (Lagos and Abuja), Zambia (Lusaka), and Mozambique (Matola), supplemented by a European presence in the Netherlands and Jersey. The firm delivers six core product lines: Wealth & Invest (discretionary wealth management for high-net-worth families and individuals), Investment Consulting (implemented consulting for institutional investors including pension funds and insurance companies), Multi Management (South African Funds of Hedge Funds, Unit Trust Funds, an offshore Fund of Funds, and bespoke solutions), Real Estate (property development investments across Africa), Impact Investments (ESG-aligned capital deployment in South African communities), and Novare CIS (an online Collective Investment Scheme platform). Its stated vision is to be the leading provider of investment solutions in Africa.

The revenue model is anchored on recurring management fees on assets under management across the multi-managed, real estate, impact, and CIS products, supplemented by fund administration fees, professional services fees from implemented consulting mandates, and bespoke wealth management advisory fees for HNW clients. Distribution is primarily direct — enterprise field sales for institutional investors and consultative advisory for HNW families — augmented by a network of financial intermediaries across African markets and the Novare CIS online storefront. The underlying technology stack is a multi-managed investment platform with fund administration capability; no proprietary AI/ML or advanced technology components are disclosed. ESG positioning is framed as a mindset embedded across all investment activities rather than a standalone product. Leadership is founder-led, with Derrick Roper as CEO and founder, alongside COO Jared Halliday, CFO Elzaan Kotze, and Head of Research Pieter de Wet. Industry recognition includes the ABSIP Best Multi-Manager 2024 award and multiple HedgeNews Africa Fund of Hedge Fund awards in 2018 and 2020.

Name

Novare EquityPartners

Legal name

Novare

Website

https://novareequitypartners.com

Company type

Private

Founded year

2000

Operating status

Operating

Short description

Novare EquityPartners is a Johannesburg-based independent investment solutions provider operating across Africa, offering wealth management, implemented consulting, multi-managed funds, real estate development, and impact investments to institutional investors and high-net-worth families.

Ownership category

akta.pro rank

Product category

Investment Management and Wealth Advisory

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Portfolio Management–Led RIAs (Discretionary/Model-Based) (FSAAACAC)

akta.pro secondary industries

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG), Values-Based/ESG & Impact-Focused RIAs (FSAAACAK), Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

Keywords

• Wealth management services
• Investment consulting
• Multi-management funds
• Impact investing
• Real estate development

Headquarters

HQ city

Johannesburg

HQ country

South Africa

HQ region

Africa

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Investment Management Fees: Novare generates revenue through management fees charged on assets under management across their range of investment solutions including Real Estate Funds, Multi-Managed Funds, and Impact Investing Funds.
2. Fund Administration: Revenue from administering collective investment schemes including South African Funds of Hedge Funds, Unit Trust Funds, offshore Fund of Funds, and Bespoke Solutions.
3. Wealth Management Services: Discreet, insight-driven wealth management services for high-net-worth families and individuals, generating recurring revenue through advisory and management fees.
4. Institutional Investment Consulting: Implemented consulting services provided to institutional investors across various asset classes, generating professional services revenue.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Novare is an investment solutions provider offering multi-managed investment funds (funds of hedge funds, unit trusts, offshore fund of funds, bespoke solutions), implemented investment consulting for institutional investors, discretionary wealth management for high-net-worth families, African real estate development funds, and ESG-aligned impact investments. The firm administers collective investment schemes and generates revenue primarily through recurring management fees on assets under management, with operational presence across South Africa, Mauritius, Nigeria, Zambia, and Mozambique.

Product overview

Novare EquityPartners is an investment solutions provider operating across the African continent. The company offers a multi-product portfolio consisting of six core offerings: Wealth & Invest (discretionary wealth management for high-net-worth families and individuals), Investment Consulting (implemented consulting for institutional investors), Multi Management (multi-managed funds including Funds of Hedge Funds, Unit Trust Funds, offshore Fund of Funds, and Bespoke Solutions), Real Estate (property development investment across Africa), Impact Investments (socially responsible investments supporting green communities and economic growth), and Novare CIS (Collective Investment Scheme). These solutions span asset classes including real estate funds, impact investing funds, multi-managed funds, and implemented investment consulting services, unified by the company's focus on generating positive returns while creating long-term value for investors and positively impacting communities.

Differentiator

Problem solved

Functional benefit

Products and services

• Wealth & Invest Discretionary wealth management service offering discreet, insight-driven guidance that secures family capital, supports evolving lifestyles, and nurtures generational legacy. Targeted at high-net-worth families and individuals serious about protecting capital, living well, and building a legacy that endures across generations.
• Investment Consulting Implemented investment consulting services for institutional investors including pension funds and insurance companies, covering strategy implementation and asset allocation across a range of asset classes.
• Multi Management Multi-managed investment solutions offering South African Funds of Hedge Funds, Unit Trust Funds, an offshore Fund of Funds, and Bespoke Solutions for investors seeking diversified multi-manager exposure.
• Real Estate Commercial real estate development and investment offering that creates value for investors by developing real estate projects across the African continent.
• Impact Investments Impact investment solutions aiming to unlock economic growth and employment opportunities in South Africa while supporting the establishment of green, prosperous, harmonious and resilient communities through ESG-aligned investments.
• Novare CIS (Collective Investment Scheme) Novare CIS is a Collective Investment Scheme platform providing online access to regulated investment products managed by Novare.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Imagine ScholarminorOthersNovare is a proud sponsor of Imagine Scholar, a program founded on the belief that extraordinary youth exist in every pocket of the world. The mission is to equip young leaders with the integrity, skills, and mindsets necessary to shape a world they can be proud of. This represents Novare's Corporate Social Investment initiative focused on youth development and education.

Scale indicators1 record

Recent moves6 records

Expansion highlights6 records

Direct peers

• Alexforbes: Pan-African investment, retirement and wealth advisory group providing consulting, multi-management and HNW wealth services across Africa, offering nearly identical product breadth to Novare's institutional and wealth segments.
• Ninety One (Investec Asset Management): One of Africa's largest independent investment managers, offering multi-asset funds, institutional investment consulting, and wealth management to clients globally with deep African roots comparable to Novare's multi-product platform.
• Coronation Fund Managers: Independent, owner-managed African asset manager running long-term unit trusts, institutional pooled funds and hedge fund strategies, with very comparable fee-based revenues, institutional client mix and multi-strategy fund offerings to Novare.
• Allan Gray: South African-founded investment management firm providing balanced, stable and equity unit trusts plus institutional mandates, sharing Novare's heritage, multi-asset philosophy and primary South African institutional client base.
• Foord Asset Management: South African boutique asset manager with institutional and retail unit trust offerings across balanced, equity and absolute-return strategies, closely mirroring Novare's multi-managed fund-of-funds and discretionary mandates in Africa.

Emerging players

• 27four Investment Managers: South African independent manager specializing in multi-manager solutions and impact-aligned mandates, directly competing with Novare's Multi-Management and Impact Investing franchises at a smaller scale.
• Truffle Asset Management: Independent South African boutique focused on hedge fund and multi-manager solutions, including Reg 28-compliant funds of funds; competes directly with Novare's multi-management and fund-of-hedge-fund products at a boutique scale.

Broad incumbents

• Old Mutual Investment Group: Pan-African investment manager offering segregated mandates, pooled funds, alternatives and ESG-focused strategies; its continental footprint and product breadth make it a relevant broad competitor to Novare.
• Ashburton Investments: FirstRand-owned investment platform offering unit trusts, institutional money management, ESG and alternatives to African clients, overlapping with Novare's multi-management and institutional consulting offerings as part of a much larger group.
• Sanlam Investments: Large South African financial services group with institutional asset management, wealth, credit and alternatives, competing with Novare on both institutional mandates and HNW wealth management in South Africa and beyond.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/novareholdings
• YouTubeyoutube.com/channel/UCZO-bzcq6ztyoUizlnzdLtQ
• LinkedInlinkedin.com/company/novare-holdings

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Novare EquityPartners