OUR

Story

What happens when great minds come together with a shared purpose? Ideas are executed and a vision becomes reality.

When Resolve’s founding partners, Mbongeni and Phumi met in 2015, they didn’t know that they shared a powerful vision that would culminate in a brand set to transform the investment management industry. Their shared experience of over 27 years in the financial services and investment sector revealed an opportunity for them to show up differently for investors and businesses alike. What started as an idea about revolutionising fund management became their set intention.

Breaking the Mould

We are focused on creating long-term value for our stakeholders and society.
This is how.

Resolve is a private equity business, wholly owned and operated by a Black fund manager targeting R1.1 billion in mid-market investments in Southern Africa. We promote innovation  and economic growth objectives of the region through value creation and good governance.

our

purpose

To be a trusted home for capital, where long-term value is created for our stakeholders and society

Driven by our values

Set to achieve our goals through a highly disciplined risk management framework, good governance and industry collaboration.
This is how

Resolve is built on integrity, excellence, discipline, humility, courage, and development of people. With nearly three decades of accumulated investment expertise and demonstrable skills in leadership, coupled with creativity and innovation, the team is on a mission to create a fund management firm that will become a trusted home for capital, where long-term value is created for stakeholders and society.

our

approach

Our investment strategy is underpinned by a robust investment approach, and a highly disciplined investment process supported by clear risk management and governance structures.

Our core model is based on the principle of partnership. In this way, we develop a deeper understanding of the businesses in which we invest and the people who drive them.

 

We have:

We have a unique competitive advantage which positions us to offer investors superior investment returns.

Resolve

PRIVACY STATEMENT

WHAT DIFFERENTIATES

RESOLVE

RESOLVE possesses unique differentiating attributes that we believe give us the right to win where we have chosen to invest.

Resolute about value creation

When intentions become actions to create possibilities in an everchanging world, it takes innovation, expertise, and resilience to drive the mission to achieve our goals.
This is how.

  • Experienced team with proven track record – 27 years of mid-market private equity investing, Investment Committee and financial services experience
  • Technology and Innovation value add strategy – experience in driving the implementation of technology and innovation strategies to enhance value
  • Unique strategic partnerships – Selectively built partnerships with key organisations giving us access to proprietary deal flow in order to deliver unique equity solutions in the mid-market sector
  • Strong Networks – our business networks of CEO’s, CFO’s, private equity firms, family offices and proprietary built networks.
  • Significant Fund-Raising Traction – significant capital committed to date
  • Strong operational and support leadership – allowing balance of the team to focus mainly on investing

Resolve understands the industry needs intricately and, with roots firmly grounded in our African heritage, combined with a sophisticated understanding of the market, we are resolute about creating value and developing the world of private market  investments.

This is Resolve.

our

People

Mbongeni Madonsela

CA (SA)
Partner, Investment Committee Member

Mbongeni has over 14 years of private equity experience. He completed his training with PwC Johannesburg in 2007 and joined their New York office for a short period at the height of the GFC.

He then joined Brait, SA’s largest private equity business at the time, in 2008 and was involved in portfolio management and deal execution. He worked on transactions in the food, packaging and technology sectors, and was involved with portfolio companies in the retail, media, construction materials and glass manufacturing sectors.

In 2012, Mbongeni joined RMB Ventures, one of SA’s leading captive private equity funds, where he was a Senior Partner and Deal Executive. During his tenure, he has led and concluded several private equity transactions with experience with both outperformance and under performance . His career experience sitting on other Investment Committees, has allowed him to see a wide variety of deals, giving him the required wit and pragmatism for effective deal making.

Phumi Twantwa

BCom (Hons) Accounting, Adv. Diploma (Business Studies)
Partner, Investment Committee Member

Phumi has over 13 years of financial services experience. His career in private equity spans over more than 6 years.

Phumi began his career at Standard Bank in 2008, where he accumulated investment banking experience in debt finance, M&A and coverage. His experience includes execution of cross border and local transactions along with mining finance and export finance. He also had the opportunity to gain international exposure during his tenure in Standard Bank’s London office. There he spent his time focused on M&A and mining finance in the EMEA region. He spent the last six years as a Senior Deal Executive at RMB Corvest, originating, leading and concluding several transactions.

Phumi was invited to join the RMB investment committee and spent two years in the role till his departure from RMB Corvest. This added to his accumulated experience and expanded his exposure and leadership experience.

Victor Muguto

CA (SA), MBA (Manchester)
Chief Operations Officer

Victor works with the investment team to manage all the fund administration and leads the back-office function, which will largely be outsourced.

Victor brings 37 years of assurance experience  with PwC and legacy Pricewaterhouse firms, having been a Partner (Director) and Engagement leader since 1992. He has led assignments in SA, Botswana, Lesotho, Mozambique, Swaziland and Zimbabwe.

Victor has experience in Banking, Insurance/Financial Services, Investment Management, Private Equity, Real Estate Investment Trusts and Medical Schemes sectors.  He was Insurance Industry Leader for PwC Africa for the 10 years to June 2019 and also a former Member of PwC’s Global Insurance Industry Leaders Group that focuses on Global insurance developments.

Theresa de Sarigny

B Comm and B Acc, Wits University
Non-executive Independent Investment Committee Member

Theresa de Sarigny is a Chartered Accountant who started her Investment Banking career at Rand Merchant Bank (RMB) after completing her Articles at PricewaterhouseCoopers (PwC).

After two years on the RMB Class Of programme, she spent 10 years (1997 – 2007) at RMB Ventures, a private equity arm of RMB, and was involved in all aspects of various leveraged buy-outs and black empowerment transactions. Since 2008, Theresa has served on various Investment Committees and, for the past 11 years, also served as an independent non-executive member on Credit Committees at FirstRand, Ashburton and Stanlib (2013 –2019).  Her experience as a deal maker and committee member has given her an in-depth understanding of the private equity, leveraged finance and debt markets in South Africa, which has enabled credible insight into the analysis of risk and reward, structuring and understanding of financial transactions.Theresa’s interests include the development of communities (volunteer work with various organisations, especially during the Covid-19 pandemic), pro-bono assistance in the success of small businesses, mentoring individuals, traveling and international cuisine, as well as finance and economics.

SIPHO MASEKO

BA, Wits and LLB, University of KwaZulu-Natal
Non-executive Independent Investment Committee Member

The former CEO of Telkom SA, Sipho Maseko is one of the coveted business leaders in South Africa. He graduated with a Bachelor of Laws degree from the University of KwaZulu-Natal and obtained an undergraduate degree from the University of the Witwatersrand.

Rather than practicing law in his early career, Sipho joined the Financial Services Board. In 1997, he joined BP South Africa, where he rose through the ranks to become Chief Executive Officer in 2008. After serving three years in this position, Sipho joined Vodacom as Managing Director in 2011 and soon became Chief Operating Officer. In 2013, he accepted the CEO position at Telkom to turn the entity into one of the best-performing companies on the Johannesburg Stock Exchange (JSE) one year later
Sipho has served on numerous boards including Trudon (Pty) Ltd, Gyro (Pty) Ltd and Afrox. He also served as a Non-Executive Director on the Board of the Centre for Development & Enterprise (CDE). Prior to this, Sipho was the Chairman of the Board at BCX and SAPREF (a joint venture between Shell SA and BPSA). He was also a Non-Executive Director on the Telkom SA Board until the end of 2021, and BMW SA Board until 2020.
During his down time, Sipho enjoys spending time with his family. Connecting with friends and family is grounding for him because it allows him to take a break from work and enjoy what he cares about most in life.

RESOLVE PRIVATE

EQUITY FUND I

Targeting midmarket investments across Southern Africa

Resolute about growth.

We have the expertise, networks and innovation required to meaningfully impact the industry. We are solving the challenges we’ve seen and experienced by inspiring responsible investment that develops society in a sustainable manner.

 

We believe in embracing diversity while building a legacy of excellence through institutional capital investment. This is what drives us.

Resolve

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