TBI

about

TBI is a South African alternative investment and fund management group holding company, with a history of superior returns. The business consists of a number of direct investments in fund management and related associates (Awande Private Equity Managers, Bridge Capital and Ora Fund Managers), and three portfolios which invest in:

  • Strategic investments (held through TBI Strategic Partners)
  • Listed equity
  • Property

The investment objective is to create sustainable growth in shareholder value, using its long-term capital to make investments with a long term view. Despite the focus on long-term returns, investors are offered liquidity on an annual basis.

TBI is managed by our executive directors and our appointed co-investment manager, Ora.

portfolio

The portfolio consists of strategic equity investments (held through TBI Strategic Partners), property investments, listed equity investments and investments in associates.

our approach

PLEASE VISIT THE LINKS BELOW FOR MORE INFORMATION ON:

We aim to offer superior returns over the long-term by investing in good quality businesses at attractive prices and retaining these investments over the long-term. We have a flexible investment mandate and operate primarily in South Africa. Our investment strategy follows an unconstrained approach, subject to our investment limits and guidelines.

Investment decisions are made on a case by case basis, depending on circumstances prevailing at the time and as opportunities are presented. There is no fixed holding period for investments. Holdings are assessed on a continuous basis, based on the relative attractiveness of the investments compared to the market and other available opportunities. We invest mainly in the South African markets.

The investment objective is to create sustainable long term growth in shareholders' value. The investment target return is to produce a total return on investments that exceeds the Consumer Price Index plus 10% per annum, managed over a rolling five-year investment horizon, subject to long-term JSE trends.

We may invest in equity shares of companies listed on the JSE or any other stock exchange, equity shares in unlisted public or private companies, listed or unlisted bonds and property investments, derivative investments, alternative investments and liquid investments. Issuers may be domiciled within or outside of South Africa, but investments shall be subject to applicable regulatory approvals.


Derivatives may be utilised for effective portfolio and risk management. We do not consider uncovered options.

Should circumstances warrant, borrowing may be employed in line with our gearing limits. These gearing limits apply to all our portfolios and are provided by the Board as a mandate to the Investment Committee.


TBI's liquidity is monitored on an on-going basis. Where funds in excess of free cash are required for investment purposes, cash may be raised by issuing new shares, selling less attractive investments or by raising debt financing. In the absence of attractive investment opportunities, capital may be invested in liquid investments or returned to shareholders. The objective is to ensure sufficient liquidity for us to meet cash flow requirements.


Liquidity may include investments in liquid assets (cash at bank, money market instruments, bonds and notes), listed preference shares, collective investments schemes and unutilised bank facilities.

shareholders

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This investment is suitable for investors seeking an investment opportunity, alongside management with a proven track record. Investors should have a minimum investment horizon of five years. A minimum investment amount of R1m applies. If you are interested in becoming a shareholder, please contact us at info@trusteeboard.co.za.

Despite our focus on long-term returns, investors are offered liquidity on an annual basis.

A capitalisation distribution equal to about 3.5% of net asset value is made annually. Shareholders can elect to receive a cash dividend as an alternative. Dividend declarations are subject to cash flow and operational constraints and are determined at the discretion of the Board.

We have a policy of open and transparent communication with our shareholders. Shareholders will receive a quarterly investment report and other ad hoc communication.

The founding shareholders and Ora Fund Managers hold the majority of the shareholding of TBI.

contact

CONTACT INFO
Telephone – +27 (0)21 948 0322
Fax – +27 (0)21 948 0329
Email – info@trusteeboard.co.za

GPS – 33°52’21.22″S 18°38’06.21″E

PHYSICAL ADDRESS
FedGroup Place
Third Floor
Willie van Schoor Avenue
Bellville
7530

POSTAL ADDRESS
PO Box 21168
Parow
7499

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