Momentum Alternative Investments

The firm invests across private equity, infrastructure, and private credit. In private equity, it focuses on mid-market fund commitments and co-investments. Infrastructure activity has included participation in South Africa's renewable energy independent power producer procurement program. Private credit covers mezzanine and senior lending to South African mid-market companies.

As part of a regulated South African insurance group, the unit must adhere to prudential standards set by the Prudential Authority under the South African Reserve Bank, including limits on illiquid asset exposure relative to total policyholder liabilities. These regulatory capital requirements cap the overall size of the alternatives program regardless of internal appetite.