The following characteristics underpin our asset allocation and investment selection strategy:

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● To support robust capital budgeting, taking into account existing commitments, the effective build-out of long-term investment themes and well-timed capital recycling, strong visibility of immediate and long-term cash flows, and funding requirements is required.

● Internationally, a defined framework for capital allocation across asset classes and sectors;

● Commitment to collaborate with outside managers to ensure the best possible access to high-quality assets around the world;

● Market dynamics and industry trends are continually reviewed and calibrated in order to establish forward-looking perspectives on asset classes and sector attractiveness, foster the emergence of new alternative investment ideas, and define our approach to prospective distribution.

 

Asset allocation is defined by balancing commitments to strategic initiatives, portfolio company assistance, capital recycling events, and new investments in key sectors while taking these factors into account.

 

While investments in Africa have always favored a high level of influence and direct participation, our foreign investment strategy relies on the experience of highly qualified external managers who have access to our target asset classes, industries, and geographic markets.

 

We want to tread a fine line between having a firm view in our financial decisions, which are based on respect and understanding and thoroughness assessment, and diversifying our exposure and leaning on independent management.

 

We place a strong emphasis on corporate values and governance when considering new investments or commitments, and we seek out businesses and investment firms having the finest procedures and systems. We promote sound governance, efficient decisions, and strong execution where we have significant clout. We want to be a trustworthy, responsive, and trusted investment partner when we are a minority shareholder.