RisCura

What RisCura does

RisCura is a Cape Town-headquartered, privately held global investment firm founded in 2001 that delivers investment advisory, multi-management, fiduciary management, and institutional analytical services with a deep specialization in African and emerging market investments. The firm serves pension funds, asset managers, insurance companies, and sovereign wealth funds across South Africa, the broader African continent, the United Kingdom, and China, reporting more than $200 billion in assets under advice, reporting, and administration, with research coverage spanning 1,600+ asset managers and 3,000+ company valuations annually. Its core technology stack is anchored by proprietary research and analytics platforms including the Bright Africa annual research initiative, the Moving the Needle stewardship research program, the RisCura Africa RealView Index (RARI) for African equity markets excluding South Africa, the RisCView monthly performance ranking, the Impact Exposure Reporting Tool, and the Upshot scenario-analysis publication, supported by an integrated services platform spanning portfolio construction, manager selection, valuation, due diligence, modelling and quants, benchmarking, and compliance monitoring.

RisCura monetizes through subscription-based advisory retainers, multi-management and fiduciary management mandates with discretionary fund management capabilities, and professional-services revenue from portfolio analysis, valuation, due diligence, and bespoke research. Pricing is quote-based for institutional clients and not publicly disclosed. The firm operates through a wholly-owned subsidiary structure licensed across 10+ jurisdictions including South Africa (FAIS Cat I & II), Botswana (NBFIRA), Kenya (CMA), Mauritius (FSC Global Business Licence Cat 1), Zambia (CMAZ), Eswatini, Lesotho (Central Bank), and the UK (FCA via Exception Capital LLP), supplemented by office presence in Namibia, Nigeria, Zimbabwe, and Beijing. Its go-to-market is enterprise field sales targeting pension funds and asset managers, reinforced by thought-leadership content marketing (Bright Africa, Moving the Needle, Upshot), industry events such as SAVCA and CFA Society South Africa conferences, and partnerships with the IFC, Standard Bank, CFA Society South Africa, and ABSIP. Notable products include the Orient Opportunities China Equity Fund, which has surpassed R13.2 billion under management. Leadership comprises CEO Tshepiso Kobile, Chief Executive Malcolm Fair, CIO Jarred Glansbeek, Head of Investment Management Andrew van Biljon, Head of Global Research Faisal Rafi, and Head of Investment Advisory Prasheen Singh.

Name

RisCura

Legal name

RisCura Holdings Pty Ltd

Website

https://riscura.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

101–250 employees

Short description

RisCura is a Cape Town-headquartered independent investment firm founded in 2001 that provides advisory, multi-management, fiduciary, and analytical services to African pension funds, asset managers, insurance companies, and sovereign wealth funds across 10+ jurisdictions with over $200 billion under advice.

Ownership category

akta.pro rank

Product category

Institutional Investment Advisory and Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

akta.pro secondary industries

Portfolio Management–Led RIAs (Discretionary/Model-Based) (FSAAACAC), Registered Investment Advisor (RIA) Wealth Management (FSAEABAA), Corporate Retirement Plan Advisory RIAs (ERISA 401(k)/403(b)) (FSAAACAF)

Keywords

• Investment advisory services
• Institutional asset management
• Emerging market investing
• Portfolio analysis research
• Fiduciary management

Headquarters

HQ city

Cape Town

HQ country

South Africa

HQ region

Africa

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Investment Advisory Services: Strategic framework and advisory services for navigating complex investment landscapes, including manager selection and portfolio construction
2. Investment Management: Multi-management and fiduciary management services with discretionary fund management capabilities
3. Analytical and Research Services: Portfolio analysis, valuation, research, due diligence, and benchmarking services for institutional investors

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

RisCura provides institutional investment advisory, multi-management/fiduciary management, and portfolio analysis services to pension funds, asset managers, and insurance companies with a specialization in African and emerging market investments. The firm manages and advises on $200 billion in assets, offering investment strategy, manager selection, portfolio construction, valuation, due diligence, benchmarking, and proprietary research products such as the Bright Africa report, Moving the Needle stewardship research, and the RisCura Africa RealView Index (RARI).

Product overview

RisCura is a global, independent financial services firm offering an integrated platform of investment management, advisory, and analytical services primarily focused on emerging markets. The core offering spans three interconnected service areas: Expert Investment Management (Multi-Management, Fiduciary Management, Discretionary Fund Management), Specialist Advisory Services (Investment Advisory, Portfolio Construction, Manager Selection, Alternatives and Impact), and Analysis & Understanding (Portfolio Analysis, Valuation, Research, Due Diligence, Modelling & Quants, Benchmarking & Indexation). Supporting these are proprietary research publications including Bright Africa, Moving the Needle, and Upshot, as well as index products like the RisCura Africa RealView Index (RARI) and performance analytics tools such as RisCView.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Advisory Specialist advisory services for institutional investors providing strategic framework to navigate complex investment landscapes, including manager selection, strategic development, and tailored portfolio construction. Serves pension funds, asset managers, and insurance companies seeking African and emerging market investment expertise.
• Multi-Management Expert investment management services drawing on extensive specialist knowledge to mitigate risk and ensure growth across diverse portfolios for institutional clients including pension funds and asset managers.
• Portfolio Analysis Analytical services providing world-class research, accurate interpretation of information, and specialist analysis of investment data at every level for institutional investors.
• Fiduciary Management

Quantifiable outcome

• $200 billion in assets under advice, reporting, and administration
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Legae SecuritiesminorStrategic or Co-development PartnerResearch partnership for co-publishing yield curve analysis reports. RisCura jointly carries print and distribution costs with Legae Securities. The partnership is determined by commitment to enterprise development and impact capability, with no financial benefit received from the partnership.
• International Finance Corporation (IFC)coreStrategic or Co-development PartnerCo-research partnership for the comprehensive study on Sustainable Investment in Sub-Saharan Africa, involving over 160 investor and advisor interviews. The report represents one of the most comprehensive studies on sustainable investment in the region.
• CFA Society South AfricacoreGTM or Marketing PartnerPartnership for the Day of the Girl initiative and Women in Investment Management program, providing career exploration opportunities for young girls in finance and investment sectors.
• Association of Black Securities and Investment Professionals (ABSIP)minorGTM or Marketing PartnerCollaboration through Pinnacle magazine publication featuring insights on Manager Development Programme aimed at supporting emerging black, women managers.
• ALT Capital PartnersminorStrategic or Co-development PartnerPartnership related to the REimagine Impact Retail Fund, developing retail centres in underserved township and rural communities across South Africa.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Regional players

• Momentum Investments: South African investment manager with multi-management and institutional offerings. Direct overlap with RisCura in the local pension fund and multi-manager market.
• Old Mutual Investment Group: South African investment group serving institutional and retail clients across Africa. Existing RisCura client and competitor across multi-management and discretionary mandates.

Direct peers

• 27four Investment Managers: South African specialist multi-manager and investment advisor serving pension funds and institutional clients. Closely comparable to RisCura's multi-management and advisory offering in the local market.
• Sanlam Investments: Large South African investment group with multi-management, institutional and alternative investment capabilities. Competes with RisCura across advisory, multi-management and African alternatives.
• Alexforbes: South African-listed wealth and investment advisory firm focused on retirement funds, multi-management and institutional consulting. Direct competitor to RisCura in the South African pension advisory and multi-manager space.
• Ninety One: Dual-listed (LSE, JSE) emerging-markets and African specialist asset manager with strong institutional pension fund relationships. Competes with RisCura in EM/Africa investment management and research.
• Coronation Fund Managers: Independent South African asset manager offering multi-management, institutional and retail strategies. Overlaps with RisCura's multi-management, institutional and discretionary mandates.

Broad incumbents

• Mercer: Global investment consulting giant (Marsh McLennan) with established African institutional practice. Competes with RisCura for large African pension fund OCIO and advisory mandates, with much broader geographic and product reach.
• Willis Towers Watson: Global advisory firm offering investment consulting, manager research and risk services to institutional investors including African pension funds. Overlaps with RisCura's investment advisory and manager research capabilities.
• Aon: Global professional services firm with a substantial investment consulting practice. Competes with RisCura for African institutional advisory and fiduciary mandates, packaged with broader risk and health solutions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/riscura
• Xx.com/brightafrica_

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries10 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 RisCura