# Old Mutual Investment Group (South Africa)

Old Mutual Investment Group (South Africa) is an Asset Manager based in Cape Town, Namibia.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Cape Town, Namibia
- **Region:** Africa
- **Address:** Windhoek, Namibia
- **Founded:** 1845
- **Assets under management:** Undisclosed (Altss estimate: $150B+ in group assets under administration)
- **Website:** oldmutual.com
- **LinkedIn:** https://www.linkedin.com/company/old-mutual-investment-group

## Regulatory record

- **Reports private funds:** No

## About

Old Mutual Investment Group is an investment manager whose experienced team uses both fundamentals and systematic analysis to help clients capitalise on opportunities in any market environment. Its diverse strategies comprise quantitative, indexation and fundamental approaches. It offers South Africans a range of global and offshore funds, including multi-asset class funds diversified across global asset classes and asset managers, as well as unit trusts and retirement solutions.

## Sectors

- Infrastructure
- Real Estate
- Private Credit
- Public Equities
- Fixed Income

## Offices

- Cape Town, South Africa
- Johannesburg, South Africa
- Nairobi, Kenya
- Accra, Ghana

## People

- Iain Williamson — CEO, Old Mutual Limited
- Siboniso Khumalo — Managing Director, Old Mutual Investment Group

## Questions

### Who runs investment decisions at Old Mutual Investment Group?

Siboniso Khumalo serves as managing director of Old Mutual Investment Group, overseeing the overall investment strategy. The CIO function is embedded within the multi-asset class teams, with heads for public markets, alternative investments, and real estate reporting through the group's investment committee (per Old Mutual annual report, 2023).

### How does Old Mutual Investment Group source proprietary deal flow?

The firm sources proprietary opportunities through its in-country teams across five African offices, relationships with development finance institutions, and co-investment structures with pension funds like the Government Employees Pension Fund of South Africa (per BusinessDay, 2023). The infrastructure debt unit originates directly with project developers in energy and transport.

### Does Old Mutual participate in fund commitments or only direct deals?

Old Mutual Investment Group operates both as a fund-of-funds allocator and a direct investor. Its alternative investments unit makes direct equity and debt placements in infrastructure and private businesses, while the public markets team invests through pooled funds and separate accounts for institutional clients.

### What investment stages does Old Mutual typically target?

The firm is largely a growth-stage and infrastructure investor in its alternatives channel, targeting mature projects in energy and logistics (OM Infrastructure Debt Fund II) and later-stage private equity positions. Its listed equity and fixed-income strategies cover all stages via public market exposure.

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Last updated: 2026-08-11T15:07:41.444Z

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