EMVest Asset Management

Last updated

EMVest Asset Management
TypePrivate
IndustryPrivate equity
Founded2011
Headquarters,
Number of locations
2
Key people
Susan Margaret Law Payne (Executive Chairman & Chief Executive Officer) [1]
Website emvest.com

EMVest Asset Management is a private equity firm based in Pretoria, South Africa, with an additional office in London, United Kingdom.

Overview

EMVest Asset Management was founded in 2011. [1] It is a joint venture between Emergent Asset Management and Grainvest, a subsidiary of the RussellStone Group. [2] The firm invests in landholdings in South Africa, Mozambique, Eswatini, Zambia, Zimbabwe. [1]

In June 2011, the Oakland Institute revealed that Harvard University, Vanderbilt University, and other American colleges and universities had invested heavily in African landholding via this firm. [3] They were accused of "landgrabbing." [3] By 2013, Vanderbilt University, a university based in Nashville, Tennessee where students had led protests in the wake of the revelation, removed its US$26 million investment from EMVest. [4]

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References

  1. 1 2 3 "Company Overview of EmVest Asset Management Pty Limited". Bloomberg Business. Retrieved 28 October 2015.
  2. Comstock, Courtney (30 June 2011). "Meet The Millionaires And Billionaires Suddenly Buying Tons Of Land In Africa". Business Insider. Retrieved 28 October 2015.
  3. 1 2 John Vidal, Claire Provost, US universities in Africa 'land grab', The Guardian, June 8, 2011
  4. Vanderbilt University Divests from "Land Grab" in Africa, Oakland Institute, February 13, 2013