INVESTMENT COMMITTEE

 PAUL BOYNTON

PAUL BOYNTON

Investment Committee
B.Sc (Hons), CA(SA), MBA, FCMA

Paul has been CEO of Old Mutual Alternative Investments (OMAI) since 2004, and has been involved with the business since its inception. During this time it has grown into the largest private alternative investment manager in Africa with over USD4 billion in assets under management. He has a total of nearly 30 years’ experience in investments and capital markets.

He has been with the Old Mutual Group since 1995 and currently chairs the Alternative Assets Investment Committee. He serves on the boards of African Infrastructure Investment Managers (AIIM), African Clean Energy Development, the Southern African Venture Capital and Private Equity Association, Tourvest, J&J, Phembani and Lesedi and Letsatsi. He also served on the boards of Old Mutual Investment Group, Assore, CIT, Life Healthcare, Metcash, Mezzanine Partners and Pepkor.

Paul served his articles with Deloitte in Johannesburg where he qualified as a chartered accountant. He then spent 7 years as an investment banker with Investec before moving to Cape Town to join Old Mutual. He was the portfolio manager of the Old Mutual Life Funds for 5 years and spent a further 3 years as Head of Investment Views for Old Mutual Asset Managers before being appointed Head of Alternative Investments in 2004.

JURIE SWART

JURIE SWART

Investment Committee
B.Sc Eng (Civil), B.Com, CA(SA)

Jurie has been involved with AIIM since its inception in 2000. He has served as a Director on the AIIM Board since 2009 and was appointed CEO in 2014. Jurie is also a member of the AIIM Investment Committees, namely AIIF2, AIIF3 and the IDEAS Fund.

In his capacity as CEO of AIIM, which houses the infrastructure capability of Old Mutual Alternative Investments (“OMAI”), Jurie is an Exco member of OMAI.

He has held directorships in various portfolio companies, amongst others, TRAC as Chairman, N3TC, Bakwena, Lekki, Matola Gas Company, G10 (which holds an ACSA shareholding), Bloemfontein Private Prison and various Renewable Energy project companies. He is also a Director of the African Private Equity and Venture Capital Association.

Jurie joined Old Mutual Investment Group as an equity analyst in 1999 before joining the infrastructure team, and in 2000 held the position of Portfolio Manager of the IDEAS Fund, thereafter he was appointed Head of Infrastructure and Development Assets in 2007.

ALASSANE BA

ALASSANE BA

Investment Committee
M.Sc Economics; M.Sc Management of Banks

Alassane joined as member of the AIIF3 Investment Committee in 2018 and is responsible for reviewing and approving investment proposals, investment performance and exits.

Prior to joining AIIM in a non-executive role, Alassane was the CEO for Shelter Afrique based in Nairobi for five years between 2009-2014 where he led teams on investment strategy, deal sourcing, screening, negotiating, structuring and exits. Between 2015-2016, Alassane was the acting CEO of Africa50 Infrastructure Fund and under his leadership the Fund reached financial close of USD830m with a strong pipeline of projects and strategic partnerships. More recently he was the advisor to the Vice President of the African Development Bank within the private sector.

Alassane has experience as a non-executive board member having served on the board of Afreximbank between 2002 and 2005, as well as private equity funds such as Harith General Partners between 2007-2009. Alassane also sat on the Investment Committee of Emerging Capital Partners between 2006-2009.

 MIKE EDINGTON

MIKE EDINGTON

Investment Committee
B.Sc (Hons), M.Sc

Mike is a member of the AIIF2 and AIIF3 Investment Committees. Mike joined AIIM in 2012 as the Senior Director of Asset Management before taking up a non-executive role in 2015. He represents the AIIM-managed funds on the Boards of several infrastructure companies and is a Director on N3 Toll Concession, Bakwena Platinum Corridor Concessionaire and Kinangop Wind Park.

He originally trained as a civil engineer, specialising in transportation planning and after 14 years’ experience in the engineering industry, Mike joined the Development Bank of Southern Africa (“DBSA”). As head of the international department, Mike appraised investments in several Southern African countries and worked with other multinational funding agencies. He was responsible for DBSA’s first project finance investment into Trans African Concessions for the Maputo Toll Road.

On leaving DBSA, Mike joined Nedbank in their infrastructure project finance unit during which time he was their bid manager for the N3 Toll Concession and the lead arranger for the debt on the Bakwena Platinum Corridor Concessionaire project.

Prior to joining AIIM, Mike was head of the Aveng Grinaker- LTA (one of South Africa’s largest construction companies) concessions unit. The unit prepared bids for a number of concessions including the Port Louis (Mauritius) and N1/N2 Winelands (South Africa) toll roads. Mike represented Aveng on the board of N3 Toll Concession for five years.

VUYO NTOI

VUYO NTOI

Investment Committee
B.Com (Hons), M.Sc, MBA

Vuyo was appointed Co-Managing Director in August 2020. Vuyo has two decades of investment experience and has been involved in private infrastructure investing in Africa since 2003.

Prior to moving into the Co-Managing Director role, Vuyo was the Co-Portfolio Manager of the IDEAS Managed Fund, which primarily focuses on infrastructure investment and development assets in the SADC region, where he was primarily responsible for the post-acquisition management of the fund’s more than 30 investments, in addition to overall fund management. Vuyo joined AIIM in 2003 and has been involved in the management of AIIM’s funds since joining the team, with responsibility for originating, analysing and implementing investments for the funds. Vuyo was initially involved in the build-up of the South Africa Infrastructure Fund’s (“SAIF”) holdings in South African toll roads, including additional stakes in TRAC, N3TC and Bakwena. In addition, Vuyo was involved in the early refinancing of these toll road assets. Vuyo also played a leading role in AIIM’s pioneer investment outside South Africa, the Lekki Concession Company. More recently, Vuyo led the investment of AIIM Fund’s into Cenpower IPP power project Tema Ghana and Albatros Energy Mali power station, the first IPP in Mali.

Vuyo holds a number of directorships, including positions on the boards of some of AIIM’s portfolio companies. He is also a Trustee of the Africa Infrastructure Developers Association (AFiDA) and a board member of the South African Photovoltaic Industry Association (SAPVIA). Vuyo is a Director on the AIIM Board and is a member of the Executive Committee, while also serving as a member of the Investment Committees of AIIF2, AIIF3 and the IDEAS Managed Fund.

Prior to joining AIIM, Vuyo was an investment analyst and strategist in the Research and Investment Management team at ipac South Africa, an investment management and consulting company that was then within the Brait Group.

OLUSOLA LAWSON

OLUSOLA LAWSON

Investment Committee
B.Sc Economics (Hons), PGDip Law

Olusola was appointed Co-Managing Director in August 2020 and has more than 16 years of corporate finance and infrastructure equity investing experience across European and African markets.

Over the last decade, after founding the Nigerian office for AIIM, he was responsible for originating, executing and managing more than USD500m of equity invested in the digital infrastructure, power, renewables, midstream and transportation space across Africa.  This included the co-development, construction and successful exit of the Azura power project in Nigeria, the first project financed power deal to close in Nigeria in 20 years. He has served on several portfolio company boards, including Lekki Toll Road, Azura Power, Starsight Power Utilities, Tema LNG, Accugas, Savannah Uquo Gas Limited, and as a Board Observer at IHS Towers. Sola serves as a Director on the AIIM Board and is a member of the Executive Committee and the Business Review Group of Old Mutual Alternative Investments. Olusola is also a member of the AIIM Investment Committees, namely AIIF3 and IDEAS.

Previously he was an Investment Manager in Macquarie Group’s European Infrastructure Funds team in London, where he worked on a number of European infrastructure transactions in a principal capacity, and played a key role in portfolio company management, primarily in the petrochemical storage and transportation space.

Prior to joining Macquarie, Olusola worked at PwC London, where his focus was on transaction advisory services to a primarily private equity client base.

KUDZAYI HOVE

KUDZAYI HOVE

Investment Committee
B.A, MBA

Kudzayi Hove joined as a member of the AIIF3 Investment Committee in July 2020 and and is responsible for reviewing and approving investment proposals, investment performance and exits.

Kudzayi has over 20 years’ experience in investment banking, private equity and infrastructure investment in Africa. Kudzayi is currently the CEO of Amayi Foods Limited, a Nigerian based FMCG company that she co- founded. She previously headed up equity investments at Africa Finance Corporation (“AFC”), a development financial institution with a capital base of US$1.7 billion. At AFC, she oversaw the execution and management of investments in a variety of infrastructure related sectors including power, transportation, heavy industries, oil & gas, mining and telecoms. During this time, she grew AFC’s portfolio by 270% and expanded the organization’s ex-Nigeria investments to account for 50% of its total portfolio.

Prior to joining AFC, Kudzayi was a director at Emerging Capital Partners (“ECP”), an international private equity firm focused on investing across the African continent. ECP has more than $1.8 billion in commitments and a ten-year track record of investing in Africa through seven funds. At ECP, she led the execution of several transactions across Africa in financial services, telecoms, logistics and power.

Kudzayi has sat on several boards on behalf of ECP and AFC and is currently the Chairperson of the Board of Directors of Cabeolica S.A. Cabeolica is a 25MW wind farm in Cape Verde that commenced operations in 2012. It is the first commercial scale PPP for wind power in sub-Saharan Africa and currently provides about 20% of Cape Verde’s electricity.

BRADLEY KALIL

BRADLEY KALIL

Investment Committee
CFA® charterholder, BBusSc (Fin), CA(SA)

Bradley joined OMAI at the beginning of 2020 as joint-CEO of OMAI and Head of Private Markets of the Old Mutual Investment Group. Private Markets comprise five business units with US$7.8 billion of assets under management. Bradley is responsible for the strategic development and investment management of the business, as well as managing key strategic relationships with stakeholders in the private and public sectors. He also serves on Old Mutual Investment Group’s Executive Committee.

Bradley started his career in the financial services division of KPMG before joining Old Mutual in 1998 as an assistant portfolio manager in the investment division of Old Mutual Life Assurance Company South Africa’s Investment Division.  He conceptualized and founded Old Mutual Specialised Finance (OMSFIN) in 2000 and later left to take up the position of Executive Director at Goldman Sachs in London.

Bradley returned to Old Mutual as Executive Personal Assistant to Roddy Sparks, the then CEO of Old Mutual South Africa and thereafter was appointed CEO of OMSFIN, the business responsible for Old Mutual Group’s market and credit risk management. He has been in this role for fifteen years, and as Head of Private Markets, continues to have oversight responsibilities for OMSFIN.

Bradley holds a Bachelor of Business Science degree from the University of Cape Town, a Bachelor of Accounting Science from the University of South Africa and is a qualified CA(SA) and CFA® charterholder.