TULIVE PRIVATE EQUITY

Infrastructure development is critical to sustained economic growth and development and it is a shared responsibility between parties that require partnerships between public and private entities. Promotion of Public-Private Partnerships will thus underpin the cooperation between the GIPF and other stakeholders with the aim of achieving dynamic, efficient and sustainable economic development in the country. We focus in investments in the following sectors:Energy, Water, Transport, Health, Information and Communication Technology “ICT” The above sectors are not exhaustive, but are an indication of the types of sectors in which economic growth can be enhanced.

Portfolio Management

Tulive Private Equity seeks to generate the majority of its returns via an active approach to creating value in portfolio companies. Our executives engage with management on a continuous and collaborative basis. Before an acquisition is concluded, value generation strategies are identified that leverage our extensive experience in understanding what is likely to work and what is not. The mode of exit is also identified at this stage. The investment thesis identifies key drivers of value and is refined throughout the transaction process.

Once a transaction is concluded, particular emphasis is placed on implementing a 100-day plan that exploits the principal success levers as identified in the due diligence. Incentives align management with key performance metrics and drive quick operational wins consistent with the investment thesis.

Strategic growth initiatives are closely monitored over the medium to long term and are directed towards achieving a successful exit where the value of our investment is maximized. Tulive Private Equity exerts influence throughout the life of the asset with Board and committee representation and through a collaborative partnership with management.

Portfolio Management

Services

Tulive Private Equity is a leading Namibian private equity fund manager. Tulive Private Equity comprises of a team of dedicated private equity investment professionals with diverse backgrounds and fields of experience who seek to maximise value for investors within a risk-managed environment. Tulive Private Equity is the investment advisor to the general partner of Tulive Private Equity Fund. Tulive Private Equity conflict of interest policy, FICA rules and a Treat Customers Fairly policy in place and that it can be reviewed upon request.

Value Proposition

Our value proposition centres on the following core characteristics:

  • Proven deal execution capability
  • Team cohesiveness, resilience and tenacity
  • Consistently applied, focused strategy

Sustainability

To be sustainable as a business, we need to continue to manage money on behalf of investors. To be successful our funds must deliver attractive net returns and the team must exceed all investor expectations and requirements. We recognise our investors as our clients and put their interests first. We believe in open and honest communication, so that we understand our investors and have an alignment of interests. In addition, we recognise that our relationships with other stakeholders such as our people, portfolio management teams, BEE partners, debt partners, regulators and communities are vital to building a successful, sustainable franchise.

Approach

The Tulive Private Equity team focuses on taking substantial equity positions in medium to large sized companies that have experienced management teams. Such companies should preferably have excellent profit histories and / or good growth opportunities as well as being number one or two in their industry. The Tulive Private Equity team forms strong relationships with the management teams of its portfolio companies and works closely with them in determining strategy and implementing value-enhancing initiatives.
Mandate to invest in Namibia, however, our portfolio companies are encouraged to seek commercial and M&A opportunities within sub-Saharan Africa.
Tulive Private Equity only invests in well-established businesses with a long track record of success. Target investments are market leaders and led by well-balanced and experienced management teams. The Tulive Private Equity portfolio of Fund I investments is well diversified in terms of industries, investment date in the economic cycle, growth assets v cash converters, gearing levels and margins which serves as an additional protection against earnings volatility.
Tulive Private Equity recognises that responsible investing is vital to building sustainable businesses. Environmental, Social and Governance (ESG) matters are therefore considered during the investment appraisal process and continue to be monitored during the investment holding period.