# Heritage Capital Partners

Heritage Capital Partners is a Private Equity based in South Africa, South Africa.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** South Africa, South Africa
- **Region:** Africa
- **Address:** Office 101H2, 24 Crescent Drive, Melrose Arch, Melrose North, 2196, South Africa
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** www.heritagecapital.co.za
- **LinkedIn:** https://www.linkedin.com/company/heritagecp

## About

Heritage Capital is a 100% black-female-owned and controlled private equity fund management company focused on investing in the industrial, consumer goods and services sectors in South Africa. The company has a strong ESG proposition and is committed to positively impacting previously disadvantaged South Africans. Heritage Capital has over 80 years of collective experience in finance and investment management.

## Sectors

- Industrial
- Consumer Goods
- Services

## Offices

- Workshop 17, Ballito Junction, Leonora Drive, Ballito, South Africa

## People

- Philile Maphumulo — Co-Founder
- Xolisile Ntanzi — Partner and CFO
- Kerry Waugh — Investment Team

## Questions

### Who runs investment decisions at Heritage Capital Partners?

Co-founder Philile Maphumulo leads the firm's investment activity from Johannesburg, supported by Partner and CFO Xolisile Ntanzi and senior deal professional Kerry Waugh. The firm's own website identifies Maphumulo and Ntanzi as the founding partners who collectively carry responsibility for investment committee decisions.

### Does Heritage Capital Partners invest its own balance sheet or manage third-party capital?

The firm is an asset manager that raises discretionary institutional capital rather than deploying a single-family balance sheet. Its structure is that of a traditional private equity fund manager, not a family office.

### What investment criteria does Heritage Capital Partners apply?

Heritage targets South African mid-market companies with a minimum EBITDA of R20 million, a diversified customer base, positive free cash generation, and capable management teams. The firm self-identifies a preference for well-established brands with high barriers to entry in the industrial, consumer goods, and services sectors.

### How does Heritage differentiate itself in South Africa's competitive mid-market private equity landscape?

The firm positions its 100% black-female ownership and in-house ESG integration as a structural differentiator. Instead of treating ESG as a compliance overlay, Heritage embeds a dedicated sustainability assurance practitioner, Ibrahim Akoon, directly into the investment process to drive post-close governance and risk management at the portfolio-company level.

### How is the firm's ESG commitment implemented across its portfolio?

Ibrahim Akoon, a registered APSCA member and certified sustainability assurance practitioner, leads ESG integration from within the deal team. His responsibilities span environmental and social impact assessments, EHS system design, and ESG assurance, structured so that sustainability metrics sit alongside financial reporting rather than operating as a standalone vertical (per the firm's website).

## Related profiles

- [Heritage Asset Management](https://altss.com/profile/heritage-asset-management)
- [Heritage Financial Advisors](https://altss.com/profile/heritage-financial-advisors)

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Last updated: 2026-07-11T02:04:05.000Z

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