# EXEO Capital

EXEO Capital is a Private Equity based in Bellville, South Africa.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Bellville, South Africa
- **Region:** Africa
- **Address:** Barinor's Vineyard South, The Vineyards Office Estate, Bellville, South Africa, 7530
- **Founded:** 2007
- **Assets under management:** ~USD 300m (per firm website, 2026)
- **Website:** www.exeocapital.com
- **LinkedIn:** https://www.linkedin.com/company/exeo-capital

## Regulatory record

- **Reports private funds:** No

## About

EXEO Capital is a trusted, alternative investment partner in Africa, sought after for its business building capabilities and its ethos of partnership and impact, delivering sustainable outcomes. The firm builds sustainable businesses across Africa with purpose, rigour and patience as both an investment manager and proprietary investor. It invests in profitable growth businesses with a sustainable competitive advantage that create jobs and align with its sustainability standards.

## Sectors

- AgriTech & FoodTech
- Aquaculture
- Consumer Goods
- Education
- Private Credit

## Offices

- Nairobi, Kenya
- Ebene, Mauritius

## People

- Herman Marais — Managing Partner & Co-Founder
- Izak Strauss — Senior Partner and Co-Founder
- Avril Stassen — Senior Partner & Co-Founder
- Paul Nguru — Partner
- Riël Malan — Partner

## Questions

### What investment stages does EXEO Capital target?

EXEO targets profitable growth-stage businesses and platform build-ups. Its strategy spans buyout, expansion, late-stage growth and restructuring mandates. The firm prefers to construct larger, multi-site platforms — such as the Marginpar cut-flower consolidation or the HIK Abalone expansion — rather than assemble a portfolio of smaller, standalone positions.

### What is the relationship between EXEO Capital and the Unlimited Group?

Partner Riël Malan is the co-founder and former CEO of the Unlimited Group, a vertically integrated South African food business. Another co-founder of the Unlimited Group was Izak Strauss, EXEO's senior partner. EXEO Capital leverages this deep operational food-sector experience through its in-house operations group, which Malan coordinates, but EXEO and the Unlimited Group are separate entities.

### Which sectors does EXEO Capital explicitly avoid?

EXEO does not publish a list of excluded sectors. However, its strategic focus is highly concentrated on food, agriculture, aquaculture, consumer health and private education. The firm explicitly favors sectors where it has accumulated deep knowledge and networks, implying it avoids sectors outside this agricultural and consumer-value-chain remit unless a proprietary, high-conviction opportunity arises.

## Related profiles

- [Executive Capital](https://altss.com/profile/executive-capital)
- [Exergon](https://altss.com/profile/exergon)

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Last updated: 2026-08-11T15:06:42.396Z

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