Aluwani Capital Partners is an independent, black-owned investment management business established in 2015 through a management buyout of a portion of Momentum Asset Management’s third-party institutional book. Headquartered in Johannesburg, South Africa, the firm is registered with the Financial Sector Conduct Authority (FSCA) and operates as an Authorised Financial Services Provider under the Financial Advisory and Intermediary Services Act (FAIS).
Founded by Sibusiso Mabuza (CEO), a former CEO of Momentum Asset Management and MMI Investments, Aluwani was built on a foundation of strong partners committed to building a sustainable, transformative business. The name “Aluwani” means “to prosper or to grow” in the local language. In 2022, the management team acquired full ownership from Momentum Metropolitan, which had maintained a minority shareholding since inception.
As of February 2023, Aluwani manages R122.4 billion in assets, with 54 staff members. The firm significantly expanded its capabilities through the 2023 acquisition of Afena Capital (founded 2005), integrating six senior investment professionals with 115 years combined industry experience, including three seasoned equity portfolio managers. This transaction created one of South Africa’s most experienced, empowered, and well-resourced equity- and multi-asset class-focused teams, comprising 15 people with 261 years of combined experience and 62 years of combined portfolio management experience.
Aluwani operates with offices in South Africa and eSwatini, where Aluwani Capital Partners eSwatini is registered with the Financial Services Regulatory Authority (FSRA). The firm has established strategic partnerships with Franklin Templeton, offering diverse product offerings to institutional and retail clients in South Africa and broader SADC markets. The firm maintains a balanced and purposeful approach to sustainability, embedding ESG principles, UNPRI commitments, and stewardship practices across its investment processes.
Investment Amount
- Minimum deal size of R50 million per transaction; mining fund capped at R5 billion for investment in eight to ten opportunities; investment structures include private equity, debt, and mezzanine financing, with exit envisaged after seven to ten years
- ALUWANI’s Alternative Investment Fund targets a fund size of R3 billion, with individual deal sizes typically exceeding R50 million.
Target
- Unlisted credit and equity opportunities in Southern Africa
- High-impact investments creating employment and sustainable essential services
- Companies delivering long-term returns with positive social impacts
- Projects promoting environmental awareness, social cohesion, and economic development;
- Opportunities in SADC markets
Focus Areas
- Infrastructure investments
- Mining (coal, iron ore, vanadium)
- Impact investments (job creation focus)
- Environmental sustainability
- Social cohesion
- Economic development
- Energy projects (Independent Power Producers, captive power, mini-grids, energy efficiency, e-mobility, solar systems, clean cooking, green hydrogen, battery storage)
- Fixed income, Equity, Multi-asset solutions, Alternative investments
