THREE-DIMENSIONAL
CAPITAL™
PRESENTED BY NAVAID BURNEY, MANAGING DIRECTOR, ONE
THOUSAND & ONE VOICES
PRIVATE EQUITY IN SOUTHERN AFRICA 2014
WHAT IS THREE-DIMENSIONAL CAPITAL™?
Patient Financial Capital:
• Does not impose
arbitrary limits on the
duration of
investments, and
reduces risk of
impaired returns due
to forced exits
Relational Capital:
• Leverages the
families’ connections
and influence across
the globe
Intellectual Capital:
• Leverages the
families’ business
— CONFIDENTIAL
knowledge and direct
experience in specific
ADVANTAGES OF THREE-DIMENSIONAL CAPITAL™
Key areas where Three-Dimensional Capital™ improves on the traditional
private equity model:
1. Richer investment pipeline that is especially relevant to family businesses
•
•
Link between entrepreneurs in Africa and those elsewhere creates common
language based on experience and personal success
Patient Financial Capital is more aligned with the time horizon of family-owned
businesses in Africa
2. Keener investment selection
•
•
10-year investment period is conducive to patient family investors
Can rely on Intellectual Capital and Relational Capital in the due diligence phase
3. More impactful value add
•
•
Intellectual Capital and Relational Capital of families brings productive
relationships and ideas to One Thousand & One Voices’ investee companies.
Can “double down” in case of temporary setbacks to support fundamentally
sound companies
4. Reduced risk of unsuccessful, untimely exits
•
•
— CONFIDENTIAL
Relational Capital brings more market participants to the sale
Healthier companies exited at the right time in the investment and economic