Peregrine Capital
Peregrine Capital is South Africa's longest-running hedge fund manager (founded 1998), operating seven equity and multi-asset hedge fund strategies distributed via 14+ LISP platforms to HNW individuals, family offices, financial advisers, and offshore investors.
- Company typePrivate
- Founded1998
- HeadquartersJohannesburg, South Africa
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Peregrine Capital does
Peregrine Capital (Pty) Ltd is a privately held, 100% staff-owned hedge fund manager headquartered in Sandton, Johannesburg, founded on 1 July 1998 by David Fraser and Clive Nates. It is South Africa's longest-running hedge fund manager. The firm operates seven distinct fund strategies spanning market-neutral equity, long/short equity, multi-asset absolute return, global long-only, and USD-denominated offshore mandates. Flagship offerings are the Pure Hedge Fund (inception July 1998, market-neutral, never a negative calendar year, 18.41% annualised net return) and the High Growth Fund (inception February 2000, long/short equity, 22.60% annualised, the first South African fund to achieve 100x). The product set also includes the Dynamic Alpha Fund (2014), Retail Investor Hedge Funds (2019), the Global Equity Fund and ZAR Feeder (2020, UCITS via Prescient Global Funds ICAV authorised by the Central Bank of Ireland), the Vision Fund (rebranded 2025), and the High Growth USD Fund.
The business is a traditional fundamental, bottom-up, valuation-focused investment firm without a disclosed proprietary technology platform or AI/ML capabilities. Revenue is generated through management fees and performance fees on Qualified Investor Funds (QIF, R1m minimum, monthly trading) and Retail Investor Funds (RIF, daily trading, LISP-set minimums), with the Vision Fund requiring a USD 100,000 minimum. Distribution is primarily via 14+ LISP/platform partners in South Africa (Momentum Wealth, Allan Gray, Old Mutual Wealth, Glacier, Stanlib, Ninety One, Sygnia, Discovery, PPS, and others), direct investor access, and offshore via Prescient Global Funds ICAV into European markets.
The firm serves high net worth individuals, family offices, financial advisers and wealth managers (the latter accessing Regulation 28-compliant portfolios with up to 10% hedge fund allocation), and offshore/international investors. The firm is led by Executive Chairman David Fraser, CEO Jacques Conradie, Executive Director and PM Justin Cousins, COO/CFO Tania Formilan, CTO Henry Huysamen, CMO Danni Dixon, Head of Distribution Alan Yates, and PM Simon Steyn. Operations are characterised by a flat, meritocratic culture where staff are cumulatively a top 5 investor in the funds, ensuring alignment of interests with clients.
Peregrine Capital firmographics
Firmographics- Name
- Peregrine Capital
- Legal name
- Peregrine Capital (Pty) Ltd
- Website
- https://peregrine.co.za
- Company type
- Private
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Peregrine Capital is South Africa's longest-running hedge fund manager (founded 1998), operating seven equity and multi-asset hedge fund strategies distributed via 14+ LISP platforms to HNW individuals, family offices, financial advisers, and offshore investors.
- Ownership category
- akta.pro rank
Peregrine Capital industry classification
Industry- Product category
- Hedge Fund Management
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Fundamental/Discretionary Equity Long/Short (FSAHAAAA)
Keywords
Where Peregrine Capital is headquartered
LocationHeadquarters
- HQ city
- Johannesburg
- HQ country
- South Africa
- HQ region
- Africa
Offices1 record
Markets served
Peregrine Capital business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Hedge Fund Management Fees: Peregrine Capital generates revenue through management fees charged on hedge fund assets under management. The funds are offered in Qualified Investor (QIF) and Retail (RIF) share classes, with QIF requiring a R1 million minimum and trading monthly, while RIF trades daily at LISP minimums.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Qualified Investor Funds (QIF) |
| Subscription | Monthly | Retail Hedge Funds (RIF) |
| Subscription | Monthly | Vision Fund |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Peregrine Capital product offering
Product offeringCore offering
Peregrine Capital is a hedge fund manager that invests client capital across multiple alternative strategies via a suite of fund products, including the Pure Hedge Fund (market neutral), High Growth Fund (long/short equity), Dynamic Alpha Fund (multi-asset absolute return), Vision Fund (global diversified), Global Equity Fund (long-only global), Global Equity Feeder Fund, and High Growth USD Fund. Funds are offered in Qualified Investor (QIF, R1m minimum, monthly) and Retail Investor (RIF, daily trading at LISP minimums) share classes, and distributed through South African LISP platforms, the Prescient Global Funds ICAV offshore platform, and direct investor access.
Product overview
Peregrine Capital operates as South Africa's longest-running hedge fund manager, offering a portfolio of seven distinct hedge fund products. The core flagship offerings are the Pure Hedge Fund (market neutral strategy focused on stability) and the High Growth Fund (long/short equity strategy focused on growth). Supporting products include the Dynamic Alpha Fund (absolute returns), Vision Fund (global concentrated portfolio), Global Equity Fund (long-only global), Global Equity Feeder Fund (ZAR-denominated access to global equity), and High Growth USD Fund (USD-denominated growth strategy). The firm offers both Qualified Investor Funds (QIF, monthly trading, R1M minimum) and Retail Investor Funds (RIF, daily trading, platform minimums), with access via multiple LISP platforms across South Africa.
Differentiator
Problem solved
Functional benefit
Brands
- Pure Hedge Fund: A market neutral hedge fund offering investment stability and downside protection with above-inflation returns. Has never experienced a negative year since inception in July 1998.
- High Growth Fund
- Dynamic Alpha Fund
- Vision Fund
- High Growth USD Fund
- Global Equity Fund
- Global Equity Feeder Fund
- 24SumMore
Products and services
- Pure Hedge Fund A market neutral hedge fund offering investment stability and downside protection with above-inflation returns; has never experienced a negative year since inception in July 1998. Available in QIF (R1m minimum, monthly trading) and RIF (daily trading at LISP minimums) share classes.
- High Growth Fund A long/short equity hedge fund delivering exceptional long-term capital growth through investments in best ideas across equity markets and other asset classes with moderate risk. The first fund in South Africa to achieve 100x return on initial investment. Available in QIF and RIF share classes.
- Dynamic Alpha Fund A multi-asset hedge fund generating strong absolute returns while maintaining capital stability, investing in listed shares, bonds, property, and cash equivalents in South Africa and internationally.
- Vision Fund A globally diversified high-conviction portfolio investing in equities, derivatives, real estate, fixed income instruments, preference shares, notes and alternative assets, targeting maximum long-term capital appreciation. Minimum investment USD 100,000.
- Global Equity Fund A long-only fund investing in best ideas across global equity markets to achieve medium to long term capital growth, hosted on the Prescient Global Funds ICAV platform (Central Bank of Ireland authorised).
- Global Equity Feeder Fund A ZAR-denominated feeder fund that feeds into the Global Equity Fund, providing South African investors with access to global equity markets.
- High Growth USD Fund An offshore version of the High Growth Fund delivering exceptional long-term growth in US Dollars, providing hard currency returns through investments across various asset classes and geographies.
Quantifiable outcome
- Pure Hedge Fund: 11,093.42% cumulative return since July 1998; 18.41% annualised; never a negative year in 27 years.
- +3 more outcomes
Companies that use Peregrine Capital
Customer profileSegments3 records
Ideal customer profiles3 records
Peregrine Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Peregrine Capital partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- Prescient Fund ServicescorePrescient Global Funds ICAV platform hosts the Peregrine Capital Global Equity Fund, authorised by the Central Bank of Ireland, enabling distribution to South African and key European market investors.
- Momentum WealthcoreMomentum Wealth is a LISP platform through which Peregrine Capital's High Growth Retail, Pure Hedge Retail, Global Equity, and Global Equity Feeder funds are available to investors.
- Allan GraycoreAllan Gray is a LISP platform through which Peregrine Capital's High Growth Retail and Pure Hedge Retail funds are available.
- Old Mutual WealthcoreOld Mutual Wealth is a LISP platform through which Peregrine Capital's High Growth Retail and Pure Hedge Retail funds are available.
- Glacier by SanlamcoreGlacier is a LISP platform through which Peregrine Capital's High Growth Retail and Pure Hedge Retail funds are available.
- StanlibcoreStanlib is a LISP platform through which Peregrine Capital's High Growth Retail and Pure Hedge Retail funds are available.
- Rugby CenturionsminorPeregrine Capital is a proud partner of the Rugby Centurions, a group of rugby players who have achieved 100 test caps. The partnership celebrates the '100x' milestone mirroring Peregrine Capital's High Growth Fund's 100x returns.
- Chris Burger Petro Jackson Players' FundminorPeregrine Capital's Rugby Centurions partnership launch event included fundraising for the Chris Burger Petro Jackson Players' Fund, which supports rugby players who have sustained catastrophic head, neck, or spinal injuries.
- SygniacoreSygnia is a LISP platform through which Peregrine Capital's High Growth Retail and Pure Hedge Retail funds are available.
- DiscoverycoreDiscovery is a LISP platform through which Peregrine Capital's High Growth Retail and Pure Hedge Retail funds are available.
- Ninety OnecoreNinety One is a LISP platform through which Peregrine Capital's High Growth Retail and Pure Hedge Retail funds are available.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
Peregrine Capital competitors and assessment
Company assessmentBroad incumbents
- Coronation Fund Managers: Large South African asset manager listed on the JSE, offering long-only and hedge fund strategies; competes for advised-channel capital and offshore investor attention.
- Ninety One (Investec Asset Management): Major South African-rooted global asset manager offering hedge fund and alternatives strategies; both a competitor for hedge fund allocations and a Peregrine distribution partner via LISP.
- Sygnia: JSE-listed South African asset manager offering index-tracking, balanced, and hedge fund products; serves the same advised investor base via LISP platforms and overlaps with Peregrine in the hedge fund category.
- Foord Asset Management: Privately owned South African asset manager offering balanced, long-only and hedge fund strategies; competes with Peregrine in the HNW and institutional advised channels.
- Allan Gray: One of South Africa's largest long-only asset managers; operates as both a competitor (in-house hedge fund products) and a distribution partner via its LISP platform. Comparable in geography and advised investor base.
Direct peers
- Laurium Capital: South African hedge fund manager focused on long/short equity and market-neutral strategies, with strong track record in the local advised-channel; comparable product mix and distribution model to Peregrine.
- Sentio Capital Management: South African hedge fund manager running long/short and market-neutral strategies; comparable fund structure, advised-channel distribution, and target HNW segment to Peregrine.
- 36ONE Asset Management: Boutique South African hedge fund manager running long/short equity and market-neutral strategies; similar size band and target investor base to Peregrine's flagship funds.
- Fairtree Capital: South African hedge fund and alternatives manager offering long/short equity and multi-strategy funds; directly comparable to Peregrine as a domestic hedge fund competitor distributing via the same LISP platform ecosystem.
- BlueAlpha Investment Management: South African long/short equity hedge fund manager offering strategies aimed at HNW investors and advisers; directly competes with Peregrine for LISP shelf space and advised client allocations.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Peregrine Capital social profiles
Digital presencePeregrine Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Peregrine Capital leadership team
Management profileNumber of profiles
Profiles10 records
Peregrine Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Peregrine Capital M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Peregrine Capital
What does Peregrine Capital do?
Peregrine Capital is a hedge fund manager that invests client capital across multiple alternative strategies via a suite of fund products, including the Pure Hedge Fund (market neutral), High Growth Fund (long/short equity), Dynamic Alpha Fund (multi-asset absolute return), Vision Fund (global diversified), Global Equity Fund (long-only global), Global Equity Feeder Fund, and High Growth USD Fund. Funds are offered in Qualified Investor (QIF, R1m minimum, monthly) and Retail Investor (RIF, daily trading at LISP minimums) share classes, and distributed through South African LISP platforms, the Prescient Global Funds ICAV offshore platform, and direct investor access.
Is Peregrine Capital a public or private company?
Peregrine Capital is a private company. It is classified as management employee owned and is currently operating.
When was Peregrine Capital founded?
Peregrine Capital was founded in 1998. It employs 11 to 50 people.
Where is Peregrine Capital based?
Peregrine Capital is headquartered in Johannesburg, South Africa, in the Africa region.
How does Peregrine Capital make money?
One revenue line is on record: hedge Fund Management Fees.
Who are Peregrine Capital's main competitors?
Broad incumbents on record are Coronation Fund Managers, Ninety One (Investec Asset Management), Sygnia, Foord Asset Management and Allan Gray. Direct peers are Laurium Capital, Sentio Capital Management, 36ONE Asset Management, Fairtree Capital and BlueAlpha Investment Management.
Does Peregrine Capital have an API?
No public API is recorded for Peregrine Capital.
What industry is Peregrine Capital in?
Peregrine Capital's product category is Hedge Fund Management. Its primary akta.pro industry code is FSAHAAAA, Fundamental/Discretionary Equity Long/Short. Its NAICS code is 523940 and its SIC code is 6282.