Novare Equity Partners, Africa
Derrick co-founded Novare, an investment management business, in October 2000. Derrick is the CEO of Novare Holdings and Novare Equity Partners, a private equity firm investing exclusively in Sub-Saharan Africa outside of South Africa. He is listed amongst the top 50 most influential, innovative and powerful figures in African asset management by Africa Asset Management magazine for 2013 and 2014. Derrick’s tendency to innovate in product development saw Novare launch the first South African Fund of Hedge Funds in 2003. In 2009 he started Novare Equity Partners, a private real estate investment manager, developing and investing in commercial real estate in Sub-Sahara Africa. The firm currently manages 2 funds with $430m. Before joining Novare he worked for a number of large financial services companies in South Africa including Sanlam and Gensec Asset Management. He spent some time in the United Kingdom where he gained experience in investment product development in the pension fund market. He graduated from the University of Stellenbosch in South Africa with a B.Comm (Mathematics) and is a qualified actuary – Fellow of the Institute of Actuaries in England. He is a regular commentator on industry topics in the financial media and has addressed numerous conferences across the globe.