Peregrine Capital

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.

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

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

• Hedge fund management
• Alternative investments
• Asset management
• Long short equity
• Market neutral funds

Headquarters

HQ city

Johannesburg

HQ country

South Africa

HQ region

Africa

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. 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

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core 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

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

Eleven partnerships are on record, tiered core and minor.

• Prescient Fund ServicescoreChannel Partner/ Reseller/ Distributor · 24 February 2021Prescient 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 WealthcoreChannel Partner/ Reseller/ DistributorMomentum 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 GraycoreChannel Partner/ Reseller/ DistributorAllan Gray is a LISP platform through which Peregrine Capital's High Growth Retail and Pure Hedge Retail funds are available.
• Old Mutual WealthcoreChannel Partner/ Reseller/ DistributorOld Mutual Wealth is a LISP platform through which Peregrine Capital's High Growth Retail and Pure Hedge Retail funds are available.
• Glacier by SanlamcoreChannel Partner/ Reseller/ DistributorGlacier is a LISP platform through which Peregrine Capital's High Growth Retail and Pure Hedge Retail funds are available.
• StanlibcoreChannel Partner/ Reseller/ DistributorStanlib is a LISP platform through which Peregrine Capital's High Growth Retail and Pure Hedge Retail funds are available.
• Rugby CenturionsminorGTM or Marketing PartnerPeregrine 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' FundminorOthersPeregrine 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.
• SygniacoreChannel Partner/ Reseller/ DistributorSygnia is a LISP platform through which Peregrine Capital's High Growth Retail and Pure Hedge Retail funds are available.
• DiscoverycoreChannel Partner/ Reseller/ DistributorDiscovery is a LISP platform through which Peregrine Capital's High Growth Retail and Pure Hedge Retail funds are available.
• Ninety OnecoreChannel Partner/ Reseller/ DistributorNinety 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

Broad 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

• YouTubeyoutube.com/@peregrinecapital7894
• Facebookfacebook.com/PeregrineCapitalZA
• LinkedInlinkedin.com/company/peregrine-capital-pty-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Peregrine Capital