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Metier
Metier is an SEC-registered investment adviser since 2024. The firm manages approximately $188 million in regulatory assets. It has 2 employees and 2...
Metier
Metier is an SEC-registered investment adviser since 2024. The firm manages approximately $188 million in regulatory assets. It has 2 employees and 2 investment advisers.
General information
Firm type
Generalist
Year founded
2003
AUM
Undisclosed
Location
Region
Africa
Country
South Africa
City
Johannesburg
Corporate office
4th Floor, Building 3 Oxford Parks, 8 Parks Boulevard, Rosebank, Johannesburg, 2196, South Africa
Additional offices
Nairobi, Kenya · Beau Plan, Mauritius
Principals
Thierry Dalais
Founder
Paul Botha
Founder
Anthony Hewat
Founder
Sector focus
Frequently asked questions
Who makes investment decisions at Metier?
The three founding principals — Thierry Dalais, Paul Botha and Anthony Hewat — set strategy and lead the investment teams within Metier's two practices. The firm has built what it calls one of the largest and most experienced private equity teams in South Africa, but specific investment committee members beyond the founders are not publicly listed.
How does Metier structure its funds and practices?
Metier operates through two core practices: Growth Capital, managed by Metier Private Equity and Metier Capital Growth Fund Manager, and Sustainable Capital, managed by Lereko Metier Sustainable Capital Managers and Metier Sustainable Capital Managers. Each practice runs its own fund family, allowing separate capital raises and limited partner bases for mid-market buyouts versus clean-energy infrastructure.
Where does Metier invest geographically?
Metier's Growth Capital practice targets South, Southern and Sub-Saharan Africa. The Sustainable Capital practice pursues a pan-African mandate and has completed transactions in Kenya, Nigeria, Senegal, Burkina Faso and Mali. The firm maintains offices in Johannesburg, Nairobi and Mauritius, with additional team presence in the United Kingdom.
What is Metier's track record on returns?
The Growth Capital practice reports 89 deals and $1.08 billion in invested cost, with a 27% USD gross IRR and 2.14x cash multiple. The Sustainable Capital practice has completed over 100 career transactions, reporting ZAR gross IRRs of 27–35% and cash multiples of 2.0x–2.3x across historic pools, with 76% of those deals fully realized (per the firm).
Does Metier co-invest alongside its limited partners?
Yes. The founders state that Metier commits personal capital to its funds, which the firm presents as a mechanism to align interests with institutional and development finance investors. The firm also invites LPs to coinvest in specific mid-market equity and sustainable capital transactions.
What does Metier explicitly avoid investing in?
Metier's website does not publish a formal exclusion list. The firm publicly favors long-term partnerships of five years or more and states it is skeptical of fast money, suggesting it does not pursue short-duration trading strategies or public-market arbitrage.
How has Metier navigated economic shocks such as the COVID-19 pandemic?
The founders wrote that every portfolio company survived the COVID-19 recession without a write-off or material emergency funding. During that period the firm nonetheless completed deals in five African countries, consolidated a UK and Mauritius team presence, and reached a $156 million final close for its Sustainable Capital II Fund in 2021.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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