Perpetua Investment Managers

What Perpetua Investment Managers does

Perpetua Investment Managers (Pty) Ltd is an independent, 100% employee-owned investment management firm founded in 2012 and headquartered in Cape Town, South Africa, with a satellite office in Johannesburg. The firm manages approximately R26 billion in assets under management across domestic equity, global equity, balanced, and fixed income strategies, serving two principal client segments: institutional investors (pension funds, sovereign wealth funds, foundations, endowments) accessed via direct sales relationships and institutional mandates, and individual investors accessed through unit trust products in the SCI fund range and a UCITS-compliant global equity fund for international investors.

The firm's product suite comprises bottom-up fundamental research strategies across multiple risk/return profiles: the SCI Equity and SCI Relative Equity funds (domestic), the Global Equity UCITS Fund benchmarked to MSCI ACWI, the SCI Balanced Fund (multi-asset, Regulation 28 compliant), and the Perpetua Flexible Fixed Interest Fund launched in March 2024. Its investment process is anchored in a proprietary "True Value" investing approach and the Perpetua Value Continuum framework, supported by three portfolio managers averaging 23+ years of experience and six analysts averaging 12 years of experience who have worked together for more than 11 years.

Revenue is generated through investment management fees calculated as a percentage of assets under management, tiered by fund type and investor category, billed annually and governed by Regulation 28 for pension fund clients. Distribution is dual-channel: dedicated business development and client management teams for institutional clients (including RFP and due diligence handling) and direct application processes for retail unit trust investors, with UCITS distribution enabling international reach. The firm is majority black and women-owned, an attribute of material relevance in South Africa's BEE procurement frameworks for institutional capital.

Name

Perpetua Investment Managers

Legal name

Perpetua Investment Managers (Pty) Ltd

Website

https://perpetua.co.za

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Perpetua Investment Managers is an independent, 100% employee-owned South African investment firm managing R26bn across domestic and global equity, balanced, and fixed income strategies, serving institutional investors (pension funds, foundations) and individual investors via unit trusts and UCITS funds.

Ownership category

akta.pro rank

Product category

Investment Management

NAICS

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

SIC

Investment Advice (6282)

akta.pro primary industry

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

Keywords

• Investment management
• Asset management
• Equity funds
• Fixed income funds
• Multi-asset strategies

Headquarters

HQ city

Cape Town

HQ country

South Africa

HQ region

Africa

Offices2 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: Perpetua generates revenue through investment management fees charged on assets under management across its fund range including equity, fixed income, and multi-asset class strategies.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Perpetua Investment Managers provides discretionary investment management services across South African and global equities, fixed income, and multi-asset balanced strategies. Its product range covers unit trust funds for individual investors (SCI fund range), segregated institutional mandates, and a UCITS-compliant global equity fund for international investors. The firm operates a bottom-up fundamental research-driven investment process aimed at delivering superior risk-adjusted long-term returns.

Product overview

Perpetua Investment Managers is an independent, owner-managed investment management firm offering a comprehensive suite of investment products. The firm provides equity mandates (domestic, global, developed markets, and international focused and core strategies), fixed income solutions (flexible fixed income, cash enhanced, and domestic bonds), and multi-asset class balanced funds (domestic and global). The product range includes South African domestic funds regulated under Regulation 28, as well as UCITS-compliant global funds. Investment strategies are built on bottom-up fundamental research with risk calibration at both stock and portfolio levels, targeting superior risk-adjusted returns across various market benchmarks.

Differentiator

Problem solved

Functional benefit

Brands

• Perpetua SCI Equity Fund: Equity fund aiming to deliver superior risk-adjusted returns relative to market benchmark in medium to long term using bottom-up research and stock selection.
• Perpetua SCI Relative Equity Fund
• Perpetua Global Equity UCITS Fund
• Perpetua SCI Balanced Fund
• Perpetua Flexible Fixed Interest Fund

Products and services

• Perpetua SCI Equity Fund A domestic South African equity unit trust fund that aims to deliver superior risk-adjusted returns relative to the market benchmark in the medium to long term via Perpetua's bottom-up research and stock selection, with high-conviction portfolio construction within a defined risk-conscious investment process. Designed for individual investors seeking long-term alpha generation while minimising permanent capital loss. Aggressive risk profile.
• Perpetua SCI Relative Equity Fund A domestic South African equity unit trust fund aiming to deliver superior risk-adjusted returns relative to the market benchmark in the medium to long term while controlling the risk of short-term underperformance through portfolio construction. Targets investors seeking long-term alpha generation with limited risk of short-term underperformance. Aggressive risk profile.
• Perpetua Global Equity UCITS Fund A UCITS-compliant global equity fund aiming to outperform the MSCI All Country World Index in the medium to long term via bottom-up research and stock selection applied to shares listed on developed and emerging market exchanges, with high-conviction portfolio construction. Available to international investors.
• Perpetua SCI Balanced Fund A multi-asset class unit trust fund investing in domestic and global equities, bonds, cash and commodities subject to Regulation 28, managed to deliver returns above an SA CPI+5% target. Designed for investors across varying risk tolerances seeking managed multi-asset exposure.
• Perpetua Flexible Fixed Income Fund A fixed income fund providing stability, income and capital appreciation through investments in credit opportunities, duration positions, structured notes, derivatives and alternative strategies, aiming to outperform the STeFI x 120% benchmark. Launched March 2024.
• Perpetua Domestic Focused Equity Fund An institutional / discretionary focused domestic equity strategy targeting long-term capital growth via bottom-up fundamental research and stock selection in South African listed companies. Delivered 21.6% p.a. annualised gross return over 5 years to September 2025.
• Perpetua Domestic Core Equity (ALSI) Fund A domestic equity mandate benchmarked against the FTSE/JSE All Share Index (ALSI), constructed via bottom-up fundamental research.
• Perpetua Domestic Core Equity (Capped ALSI) Fund A domestic equity mandate benchmarked against the Capped ALSI (SWIX) index, using bottom-up fundamental research with risk calibration at stock and portfolio levels.
• Perpetua Global Focused Equity Fund A focused global equity strategy investing in international developed and emerging market stocks using bottom-up fundamental research, designed for institutional clients.
• Perpetua Developed Market Focused Equity Fund A focused equity strategy targeting developed market equities using bottom-up fundamental research with calibration of risk at both stock and portfolio level.
• Perpetua Domestic Bond Portfolio A domestic bond strategy investing in South African government and corporate bonds with a macro-economic lens and tactical positioning.
• Perpetua Cash Enhanced Fund An enhanced cash strategy providing returns above cash while preserving capital through tactical positioning, suited to institutional investors seeking short-duration enhanced-yield exposure.
• Perpetua Flexible Fixed Interest Fund (Institutional) A flexible fixed income strategy investing in credit opportunities, duration positions, structured notes, derivatives and alternative strategies for institutional clients. Launched March 2024.
• Perpetua Domestic Balanced Fund (Institutional) A domestic multi-asset class solution investing across equities, fixed income, commodities and property for South African institutional clients with varying risk tolerances.
• Perpetua Global Balanced Fund (Institutional) A global multi-asset class solution combining top-down asset allocation with bottom-up fundamental security selection across South African and global asset classes for institutional clients; returned 17.7% p.a. over 5 years ended October 2025.
• Perpetua Global Core Equity Fund A core global equity strategy using bottom-up fundamental research and stock selection for institutional international equity investing.

Quantifiable outcome

• Perpetua Domestic Focused Equity Fund delivered 21.6% p.a. annualised gross return over 5 years to September 2025, outperforming JSE Capped SWIX benchmark (18.8%) and peer group median (19.5%)
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Nedgroup Future Focus Equity FundcoreStrategic or Co-development PartnerPerpetua contributes to advancing responsible investing through participation in the multi-managed Nedgroup Future Focus Equity Fund, demonstrating commitment to responsible investment themes.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Foord Asset Management: South African independent, employee-owned active asset manager with a value-tilted, fundamental approach to domestic and global equities. Closely comparable to Perpetua in philosophy, ownership structure, and product set; Perpetua was ranked second only to Foord among BEE managers in the domestic balanced category.
• Allan Gray: Largest South African independent, employee-owned active manager, with a long-term, fundamental, benchmark-agnostic investment approach. Directly comparable to Perpetua on independence, ownership structure, and fundamental research style; serves as a key competitor for institutional and retail flows.
• Coronation Fund Managers: Independent, JSE-listed South African asset manager offering active equity, fixed income, and multi-asset strategies. Comparable to Perpetua on product breadth and fundamental active approach, though materially larger and listed.
• Truffle Asset Management: Cape Town-based independent boutique asset manager with a high-conviction, fundamental equity approach. Closely comparable to Perpetua in size, philosophy, geographic base, and target market of institutional and high-net-worth investors.
• Fairtree Asset Management: South African boutique asset manager with a fundamentally-driven, long-only and hedge fund offering across equity, fixed income, and multi-asset strategies. Comparable to Perpetua on independent, active, research-led approach and South African institutional client base.

Broad incumbents

• Ninety One: Large, JSE-listed South African-founded global asset manager (formerly Investec Asset Management). A broader incumbent in the same active equity/balanced space, with deeper international distribution and significantly larger AUM.
• M&G Investments Southern Africa: Established South African asset manager with multi-affiliate structure and broad product set. Comparable in serving institutional pension and retail clients, but materially larger and a competitor in unit trust distribution.
• Old Mutual Investment Group: Large South African investment manager within the Old Mutual group offering active equity, fixed income, and multi-asset strategies. A broad incumbent competing with Perpetua for institutional and retail mandates, with substantially greater scale.
• Momentum Investments: South African multi-boutique asset manager under Momentum Metropolitan, offering active strategies across asset classes. Comparable as an institutional and retail competitor; meaningfully larger AUM and platform reach.
• Satrix Managers (Sanlam): South African passive and smart-beta-led investment business within the Sanlam group, including active strategies. Comparable in serving retail and institutional clients on South African and global equity/balanced mandates, but operates at significantly larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/perpetua-investment-managers-pty-ltd
• Instagraminstagram.com/official_perpetua_im
• Xx.com/perpetua_invest

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 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 Perpetua Investment Managers