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