# Phatisa

Phatisa is an Asset Manager based in Johannesburg, South Africa.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Johannesburg, South Africa
- **Region:** Africa
- **Address:** Johannesburg, South Africa
- **Founded:** 2005
- **Assets under management:** Undisclosed
- **Website:** www.phatisa.com
- **LinkedIn:** https://www.linkedin.com/company/phatisa

## Regulatory record

- **Reports private funds:** No

## About

Phatisa is a leading sub-Saharan African private equity fund manager. Established in 2005, the firm focusses on investments across the African food value chain, plus affordable housing; whilst balancing commercial returns with impact objectives. Phatisa has three funds under management, totalling more than US$ 400 million, managed by a team of over 35 dedicated staff with a proven track record of managing private equity funds and commercial businesses throughout the continent. We speak ~30 languages and represent 11 nationalities. Phatisa is committed to the principle of 'and' – as opposed to 'or'. Meaning, the firm focusses on delivering impact & returns. Planet & profits. Growth & responsibility. As a core tenet, the firm believes that financial performance and impact are mutually exclusive – rather, mutually beneficial. And is driven by a passion to positively impact the lives & livelihoods of African people. Phatisa achieves this ambition by investing into the food value chain and affordable housing - to create inclusive businesses that maintain their commercial focus while addressing societal & environmental challenges.

## Sectors

- AgriTech & FoodTech
- Real Estate

## People

- Valentine Chitalu — Group & IC Chairman
- Stuart Bradley — Managing Partner
- Eugene Stals — Chief Investment Officer
- Martin Kromat — Senior Partner

## Questions

### How does Phatisa source proprietary deal flow?

Phatisa relies on a fully resident sub-Saharan African investment and operating team, not a hub-and-spoke model with European headquarters. The firm’s principals — several of whom held prior emerging-markets roles at CDC Group and Aureos Capital — draw on long-standing local management networks across the agriculture, food-processing and real-estate sectors. This on-the-ground structure helps the firm access founder- and family-owned businesses that rarely appear in broad auction processes.

### How is Phatisa structured relative to its development-finance roots?

Stuart Bradley, the Managing Partner, began his private equity career at CDC Group and later Aureos Capital, two institutions central to development-focused SME investing in emerging markets. Phatisa adopted those institutions’ discipline around fund-level impact reporting — measuring food-security indicators and housing units — but operates as a private, for-profit fund manager, not a DFI affiliate.

### What investment stages does Phatisa typically target?

The firm focuses on growth and expansion capital, often including buyout and management-buy-in transactions. Portfolio companies such as Java House Africa and Goldenlay represent established operating businesses being scaled across multiple countries, rather than early-stage venture or pre-revenue startups.

## Related profiles

- [Phase One Ventures](https://altss.com/profile/phase-one-ventures)
- [Phaze Ventures](https://altss.com/profile/phaze-ventures)

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Last updated: 2026-06-03T20:00:00.000Z

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