About

A unique investment management model in South Africa.

IMG launched a multi-affiliate investment management model in 2015, the first of its kind in South Africa.
Our aim is to identify and partner the best independent investment talent in South Africa by becoming a supportive, non-interfering and long-term shareholder in their businesses.

Partnership

IMG seeks to identify long-term strategic partnerships with talented and principled investment management teams committed to transforming the investment industry. By acting as an influential, value-adding shareholder in these boutique firms, IMG aims to build a portfolio of enduring businesses. Core partnership values are entrenched through active and insightful strategic dialogue, dependence on independence, and alignment through incentivisation.

Support

IMG acts as a supportive, non-interfering shareholder, respecting our affiliates' autonomy and decision-making authority. It is key to our business model that affiliates retain their independence, particularly regarding their investment capabilities. We, together with the affiliate teams, share in the economic success of their businesses.

Strategic shareholder

IMG is unwavering in its commitment to providing comprehensive support to its affiliates. This includes strategic, financial, and managerial assistance, creating an environment that fosters stability, sustainability, and predictability. As shareholders, we focus on governance, capital allocation decisions, strategic positioning, and serving as a consistent sounding board for our affiliate management teams. Our support is designed to empower our partners and instil confidence in their decision-making.

What we stand for

Partnership

We partner with best-in-class asset managers throughout market cycles.

Culture

We promote an entrepreneurial
partnership culture.

Products

Simple and focused product range.

Distribution

Open architecture distribution.

Client centricity

Ensuring the client’s goals, objectives and needs always come first.

Investment

Sustained investment excellence.

Capital

Permanent and patient capital.

Shareholders

We are engaged and supportive without interfering.

Empowerment

Play a meaningful role in transforming the investment management industry.

Our value proposition

Nearly 40% of investment management firms established between 1990 and 2013 failed in their first five years, resulting in acquisition, merger, or closure.
(Reasons for failure)

Lack of steadfast shareholder support

Poor business models

Lack of differentiation

Poor investment returns

To address this, we partner with independent investment management teams in South Africa by becoming strategic shareholders and assisting them in taking their businesses to the next level.

How do we do this?

We assist our affiliates address the challenges independent investment managers face by providing strategic support in the following areas.

Brand association and empowerment credentials

Business acumen and strategic insight from executive team and board

Providing patient and permanent capital

Operational and governance support

Economies of scale

Asset raising and marketing support

IMG is strategically positioned to help affiliates solve for distribution and empowerment through our shareholders, Momentum Metropolitan and Royal Bafokeng Holdings.
Momentum Metropolitan LogoRBH Logo

The Kaleido

The IMG icon visually represents our philosophical approach as a strategic shareholder. Inspiration was drawn from a kaleidoscope's contained yet multifaceted images and limitless choice of creative interpretation.

The IMG Portfolio

Explore our journey of strategic growth and impactful investments. Our transaction timeline highlights key milestones that have shaped our portfolio, demonstrating our commitment to delivering consistent value over time.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024

RMI Investment Managers Group (RMI IMG) is founded.

RMI IMG, a multi-affiliate investment management model, is launched by JSE-listed RMI Holdings. The model is the first of its kind in South Africa.
RMI

RMI Investment Managers acquires minority stakes in four boutique asset managers.

The RMI IMG portfolio is created with investments made into CoreShares Asset Management, Northstar Asset Management, Tantalum Capital and Perpetua Investment Managers
Coreshares
Northstar
Tantalum Capital
Perpetua

Royal Investment Managers (RIM), a joint venture between RMI IMG and Royal Bafokeng Holdings (RBH) is founded.

RIM is created as a black-owned investment holding company to acquire equity stakes in existing or new asset management firms with a focus on transformation.
Royal Investment Managers

RIM makes its first investment into Sesfikile Capital.

RIM acquires a minority stake in Sesfikile Capital, a majority black-owned manager investing within the listed property sector.
Sesfikile Capital

RMI IMG expands its portfolio with further acquisitions.

RMI IMG acquires minority stakes in Sentio Capital and commodity hedge fund manager, PolarStar Management
Sentio
Polarstar

RMI IMG establishes Granate Asset Management

Granate Asset Management, formally RMI Specialist Managers, is established as a specialist fixed income manager with RMI IMG as its majority shareholder.
Granate

RMI IMG’s portfolio grows to 9 affiliates

RMI IMG acquires a minority stake in Truffle Capital.
Truffle

RIM makes its second acquisition

RIM buys a minority equity stake in Balondolozi Investment Services, a majority black owned asset manager.
Balondolozi

Ethos Private Equity is added to RMI IMG portfolio

IMG and RIM jointly acquire a minority stake in Ethos Private Equity.
Ethos

Visio Fund Management joins RIM portfolio

RIM acquires a minority stake in Visio Fund Management.
Visio

Granate Asset Management concludes management buy-out.

A new multi-asset investment team joins Granate Asset Management whereafter management concludes a 70% buy-out transaction resulting in RMI IMG owning 30% in the recapitalised business.
Granate

Laurium Capital acquires 100% of Tantalum Capital

Tantalum Capital

RBH expands their empowerment partnership with RMI IMG.

RBH
RMI

Balondolozi Investment Services concludes share buyback

Balondolozi and RIM conclude in share buyback transaction through an equity conversion into quasi debt.
Balondolozi

10X Investments merges with CoreShares Asset Management

RMI IMG disposes of its interest in CoreShares to 10X Investments.
Coreshares

Ethos Private Equity is acquired by The Rohatyn Group

TRG, a global asset manager specialising in emerging markets and real assets, acquires majority of Ethos Private Equity.
Ethos
The Rohatyn Group

RMI IMG is renamed to Investment Managers Group (IMG)

Momentum Metropolitan acquires RMI IMG from RMI Holdings (OUTsurance Group Limited). RMI IMG is renamed to IMG and continues to operate as an independent investment firm with RBH as its empowerment partner.
IMG