Hemera Capital Partners

What Hemera Capital Partners does

Hemera Capital Partners (HCP) is an independent financial advisory and asset management firm focused on Southern Africa, operating through two legal entities bound by a common governance model: Hemera Capital Partners S.A., a public limited company incorporated in the Canton of Geneva, Switzerland (financial advisory and international gateway), and SG Hemera Capital Partners SGOIC S.A., a private limited company incorporated in Angola and regulated by the Capital Markets Commission (CMC) under licence 002/SGOIC/CMC/07-19. The firm's asset management division manages three active regulated investment vehicles in the Angolan market: the Liquidez Prime Fund, an open-ended money market mutual fund launched in December 2015 (the first of its kind in Angola, distributed exclusively through Banco Millennium Angola, with 160+ investors and a reported 19% average return over six years); the Pactual Property Fund, a closed-ended real estate fund (the first launched in Angola after the asset management regulatory framework was released); and the Dual Impact Fund, a closed-end venture capital fund registered on August 5, 2021 (the first of its kind in Angola, focused on ESG-compliant businesses). A fourth vehicle, Atlântico Protecção (a closed-end currency-hedging fund), was wound down in August 2023 at the end of its planned duration.

HCP's value proposition combines Swiss governance standards with deep local expertise in Angola and the broader Southern African region (13 countries, ~209 million people, ~$1.3 trillion regional GDP). The firm serves institutional investors, large corporates, and high-net-worth individuals with two distinct revenue streams: (i) recurring asset management fees derived from its three regulated funds (including a 1.25% management fee and 0.20% custodian fee on the Liquidez Prime Fund, plus potential performance/carry fees on closed-ended vehicles), and (ii) transaction-based investment banking advisory fees from corporate finance, M&A, project finance, structured finance, and capital markets mandates executed across Angola, Portugal, Spain, France, and Poland. Distribution of the open-ended Liquidez Prime Fund is channeled exclusively through Banco Millennium Angola, which also acts as custodian; advisory mandates are delivered directly by senior relationship managers out of the Geneva and Luanda offices. A separate sustainability and impact advisory practice, H-Impact, supports ESG strategy work. The firm has no proprietary technology platform; its offering is built on regulatory licences, distribution partnerships, and senior practitioner expertise drawn from prior roles at BlackRock, BCG, KPMG, Willis Towers Watson, and major Angolan banks.

Name

Hemera Capital Partners

Legal name

Hemera Capital Partners SA

Website

https://hemeracapitalpartners.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Hemera Capital Partners is an independent Geneva-based financial advisory and asset management firm focused on Southern Africa. Through its CMC-regulated Angolan subsidiary, it manages three investment vehicles (money market, real estate, venture capital) serving institutional, corporate, and HNW investors.

Ownership category

akta.pro rank

Headquarters

HQ city

Geneva

HQ country

Switzerland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Asset Management Fees: HCP generates management fees through its regulated asset management subsidiary SG Hemera Capital Partners SGOIC S.A., which manages three regulated investment instruments in Angola: the Liquidez Prime Fund (money market, open-ended), the Pactual Property Fund (closed-ended real estate), and the Dual Impact Fund (closed-ended venture capital). Fees include a 1.25% management fee and 0.20% custodian fee on the Liquidez Prime Fund.
2. Performance Fees: Some fund instruments may carry performance-related fees. The Liquidez Prime Fund currently shows 0.00% performance fee, but other funds (real estate and venture capital) may have hurdle rates or carried interest structures not detailed on the website.
3. Investment Banking Advisory: HCP provides structuring and advisory services including corporate finance, arrangement and placement of equity and debt structures, and capital markets transactions. Revenue is generated through transaction fees on completed advisory mandates, particularly in markets like Angola, Portugal, Spain, France, Poland.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Hemera Capital Partners is an independent financial advisory and asset management firm focused on Southern Africa's emerging and frontier markets. It manages three regulated investment vehicles in Angola — the Liquidez Prime Fund (money market), Pactual Property Fund (real estate), and Dual Impact Fund (venture capital) — through its regulated subsidiary SG Hemera Capital Partners SGOIC S.A. It also provides investment banking advisory services including corporate finance, M&A, capital markets, project finance, and structured finance.

Product overview

Hemera Capital Partners operates as an independent asset management and investment banking firm with a focus on Southern Africa, managing regulated investment vehicles through two companies: Hemera Capital Partners S.A. (financial advisory, Geneva) and SG Hemera Capital Partners SGOIC S.A. (asset management, Angola). The firm manages three active regulated investment funds: Liquidez Prime Fund (open-ended money market mutual fund), Pactual Property Fund (closed-ended real estate fund), and Dual Impact Fund (closed-end venture capital fund). The firm also operated Atlântico Protecção (discontinued 2023), a currency hedging fund. Services include asset management, structuring and advisory (corporate finance, capital markets, M&A, project finance), and discretionary portfolio management. The H-Impact initiative provides sustainability and impact advisory services aligned with UN SDGs.

Differentiator

Problem solved

Functional benefit

Brands

• H-Impact: The HCP initiative to drive impact and sustainability. A specialist manager and advisor dedicated to create positive impact, working to structure and implement sustainability strategies that turn intentions into measurable results. Commitment to achieving long-term sustainability in value creation under the principles of shared value.

Products and services

• Liquidez Prime Fund An open-ended money market mutual fund incorporated in December 2015, the first of its kind in Angola and the only daily-available money-market open-ended mutual fund in the country. Available exclusively through Banco Millennium Angola to institutional investors, large corporates, and individual investors with a 250,000 AOA minimum subscription.
• Pactual Property Fund A closed-ended real estate fund incorporated in December 2015, the first real estate fund launched in Angola. It has a mixed investment policy seeking predominantly mature assets with long-term rental agreements. Distributed through Banco Millennium Angola.
• Dual Impact Fund A closed-end venture capital fund registered on August 5, 2021, the first of its kind in Angola. It invests in newly created companies with high growth potential in sectors relevant for growth and social impact, targeting ESG-compliant sustainable businesses.
• Investment Banking Advisory Services Structuring and advisory services covering corporate finance, M&A, capital markets transactions, arrangement and placement of equity and debt structures, project finance, PPPs/PFI, and structured finance. Delivered directly through senior relationship managers across Angola, Portugal, Spain, France, and Poland.
• H-Impact Sustainability Advisory Sustainability and impact advisory service dedicated to structuring and implementing sustainability strategies under ESG principles and UN SDGs alignment. Operates as a specialist manager and advisor to create positive impact in frontier markets.

Quantifiable outcome

• 19% average return over the last 6 years for the Liquidez Prime Fund
• +3 more outcomes

Named customers1 record

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.

• Banco Millennium AngolacoreChannel Partner/ Reseller/ Distributor · 1 December 2015Banco Millennium Angola is a key strategic partner serving as the distributor and custodian for HCP's flagship investment funds — the Liquidez Prime Fund and Pactual Property Fund. This partnership enables HCP to access Banco Millennium Angola's extensive corporate and institutional client base across Angola. The bank acts as the exclusive distribution channel for the funds and handles custody of assets. The Liquidez Prime Fund is available at Banco Millennium Angola branches, serving investors from institutions to large corporates and individuals. The partnership also extends to the Pactual Property Fund, a closed-ended real estate fund incorporated in December 2015.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Standard Bank Group: Africa's largest banking group with extensive asset management and investment banking operations across Southern Africa. Comparable as a broad incumbent offering similar fund management, advisory, and distribution capabilities across the region.
• Ninety One: Global asset manager (formerly Investec Asset Management) with established frontier and African market strategies. Comparable as a significantly larger incumbent competing for institutional frontier-market allocations that HCP also targets, though at much greater scale.
• Sanlam Investments: Pan-African asset manager with deep Southern African fund offerings across multiple asset classes. Comparable as a broad incumbent in the regional fund management market HCP targets, with materially larger AUM and distribution.
• Old Mutual Investment Group: African-focused investment manager with diversified fund offerings across Southern Africa. Comparable as a broad incumbent offering overlapping fund products in markets adjacent to HCP's core Angola and Southern African footprint.
• Actis: Emerging-markets private equity and infrastructure investor with significant African exposure. Comparable as a larger incumbent investing across African frontier and emerging markets, though focused on PE/infra rather than regulated mutual funds.
• Helios Investment Partners: Pan-African private equity firm investing across Sub-Saharan Africa. Comparable as a larger incumbent in African financial services investing with similar frontier-market origination and advisory competencies.
• Africa Finance Corporation: Pan-African investment-grade financial institution providing project finance and capital markets solutions across the continent. Comparable as a development-focused investor operating across the same Southern African geographies HCP targets.

Direct peers

• BAIGEST: Angola-based investment fund management company where HCP team member Hélio Serafim previously worked as a Fund Analyst. Directly comparable as a domestic Angolan regulated asset manager competing for the same institutional and corporate investor base.
• BFA Asset Management: Asset management arm of Banco de Fomento Angola, one of Angola's largest banks, managing regulated domestic funds. Directly comparable as a bank-affiliated Angolan asset manager competing for the same regulated fund mandates and corporate treasury allocations.
• Odell Global Investors: First Angolan asset management company incorporated under the country's new regulatory framework, co-founded by HCP's MD Mário Amaral. Closest historical and operational peer — both pioneered Angola's regulated fund market and share founding-team lineage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hemera-capital-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

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 Hemera Capital Partners