Patrick Mamathuba
Chief Investment Officer, Alternative Investments
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- Full Name
- Patrick Mamathuba, CFA
- Title
- Chief Investment Officer – Alternative Investments
- Firm
- STANLIB (Standard Bank / Liberty Group asset manager)
- Firm Type
- Institutional asset manager — Alternative Investments division (private equity, infrastructure, private real estate, high-yield credit, hedge funds). *Note: the "Angel Investor" label in the source stub does not reflect his actual mandate — he runs institutional alternative-asset funds, not personal angel/seed checks.*
- Investment Stage
- Private equity, infrastructure and real-assets funds (growth/buyout and fund-of-funds), not early-stage seed
- Sector Focus
- Infrastructure, private equity, private real estate, agribusiness/food, high-yield credit, hedge funds
- Geographic Focus
- South Africa and pan-African (STANLIB has on-the-ground presence in ~10 African countries)
- Location
- Johannesburg, South Africa
Background
Patrick Mamathuba is a CFA charterholder who leads STANLIB's Alternative Investments franchise as Chief Investment Officer. STANLIB is one of South Africa's largest asset managers (part of the Standard Bank / Liberty group), and Mamathuba's division oversees non-traditional asset classes including infrastructure, private equity, private real estate, high-yield credit and hedge funds. He is also a director of STANLIB Collective Investments Limited and has been listed as a fund manager on STANLIB/1nvest index products.
His earlier career was in fixed income: he worked as a fixed-income trader at Transnet Treasury and at the South African Reserve Bank before moving into asset management. Academically, he holds a B.Com from the University of Cape Town and a B.Com Honours from UNISA, and completed the CFA Charter.
Beyond his day job, Mamathuba serves as a trustee of the Student Sponsorship Programme (SSP) South Africa, a non-profit that provides academic scholarships and leadership development to disadvantaged students — a governance/board role reflecting his involvement in education and development in South Africa.
Investment Thesis & Focus
- Invests through institutional alternative-asset vehicles — private equity, infrastructure, private real estate, high-yield credit and hedge funds — rather than writing personal angel or seed checks.
- Champions alternatives as portfolio diversifiers, arguing investors must weigh the full risk-return mix: he has said a private equity investment can carry *lower* risk than listed equities while offering *better* returns, and that infrastructure carries "completely different" risks worth diversifying into.
- Believes South African uptake of alternatives is still "gaining traction," and expects appetite to grow as historically strong listed-equity returns moderate.
- Strong pan-African conviction: STANLIB's alternatives strategy is explicitly built around long-term African growth, with capital earmarked for the broader continent, not just South Africa.
- On the EXEO Capital deal he framed the logic as capability-building: *"This transaction is an ideal fit… It strengthens our existing capabilities and introduces new ones where we believe there will be strong future demand based on global trends."*
Notable Investments
- EXEO Capital — In March 2016 STANLIB (under Mamathuba as CIO – Alternative Investments) took a partnership stake in EXEO Capital, an independent pan-African private equity manager launched by the founders of the Agri-Vie agribusiness fund. The tie-up added private equity capability alongside STANLIB's existing infrastructure, high-yield credit and direct-property offerings.
- Agri-Vie Fund II — The EXEO partnership was linked to the launch of Agri-Vie Fund II (food & agribusiness across Sub-Saharan Africa), expected to raise ~USD 275m at the time; EXEO went on to manage roughly USD 300m in AUM across Cape Town, Nairobi and Mauritius offices.
- STANLIB Infrastructure Private Equity Fund — STANLIB's flagship infrastructure PE program (final close reported around R1.2bn), part of the alternatives platform Mamathuba heads.
- STANLIB Alternative Assets Fund-of-Funds — Diversified vehicle investing across infrastructure, private equity, private real estate and hedge funds.
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