# RMB Corvest

RMB Corvest is a Private Equity based in Illovo, South Africa.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Illovo, South Africa
- **Region:** Africa
- **Address:** 8 Melville Road, Illovo, 2196, South Africa
- **Founded:** 1989
- **Assets under management:** Undisclosed
- **Website:** www.rmbcorvest.co.za
- **LinkedIn:** https://www.linkedin.com/company/rmb-corvest

## Regulatory record

- **Reports private funds:** No

## About

RMB Corvest is a private equity company and on-balance sheet provider of equity and debt funding for mid-sized management buy-outs and buy-ins, leveraged buy-outs and buy-ins, development capital, BEE transactions and growth capital solutions. As a subsidiary of FirstRand Bank Limited it offers funding without exit timing pressures and positions itself as a long-term private equity partner. It participates predominantly in deals involving businesses with growing sustainable earnings and EBITDAs above R40-million.

## People

- Mike Donaldson — CEO: RMB Corvest
- Genevieve Alberts — RMB Corvest Director
- Neil Page — founder
- Dick Merks — founder
- Dave Rissik — founder

## Questions

### How is RMB Corvest funded, and does it raise external capital?

RMB Corvest deploys capital entirely from the corporate balance sheet of its parent, FirstRand Bank Limited. It does not raise third-party blind-pool funds and carries no external limited partners. This on-balance-sheet model removes fund-life constraints and fundraising cycles, letting the firm hold investments until the value-creation plan is complete.

### Does RMB Corvest have a fixed holding period for its investments?

No. Because the firm uses permanent capital from FirstRand rather than a closed-end fund, it carries no mandatory exit timeline. RMB Corvest markets this flexibility explicitly, stating it can sell a business when the value-creation thesis is realised — not when a fund term forces a sale.

### Who makes investment decisions at RMB Corvest?

RMB Corvest operates within the corporate and investment banking division of FirstRand Bank. Specific named investment professionals are not disclosed on the firm's public website. Governance flows through Rand Merchant Bank's internal committee structure rather than an independent partnership.

### What is the firm's track record and investment scale?

RMB Corvest reports completing more than 170 transactions over 36 years, with realised businesses sold at an average of three times their initial value. The firm does not disclose assets under management, fund-level IRRs, or current portfolio composition on its public website.

## Related profiles

- [RM Adviser](https://altss.com/profile/rm-adviser)
- [RMB Ventures](https://altss.com/profile/rmb-ventures)

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Last updated: 2026-08-11T15:07:57.118Z

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