EDITOR'S NOTE
Michael Avery
Editor
Championing diversity in Private Equity
As a financial journalist in the early 2000s, I vividly recall stepping into boardrooms dominated by male executives. The private equity industry mirrored this imbalance, but times are changing, and the evolution is heartening to witness. This year marks our third annual feature on women in private equity, where the heights being reached by these formidable women are not only breaking glass ceilings, but also proving that diversity in decision-making is crucial for success.
Diversity brings a wealth of perspectives, fostering innovation and more effective problem solving. In an industry where the stakes are perpetually high, the inclusion of diverse voices is not just beneficial—it is essential.
As you will read in this year’s feature, Natalie Kolbe’s journey from private equity to venture capital epitomises the forward-thinking approach needed in today’s market. At Actis, she navigated one of the toughest deals—the buyout of Alexander Forbes during the global financial crisis—demonstrating resilience and strategic acumen. Natalie’s advice to women entrepreneurs—network tirelessly and maintain realistic valuations—highlights the importance of credibility and connections in this competitive field.
Meta Mhlarhi’s commitment to infrastructure development through private equity is transforming lives by enhancing access to essential services. As a co-founder of the Mahlako Energy Fund, she has championed sustainability, innovation, and empowerment, raising significant capital to address energy challenges and promote women’s participation.
Trishanta Dheepnarayan’s path from Absa Capital to Metier spotlights the dynamic and challenging environment of private equity. Her reflection on the difficulties of exiting investments during economic downturns reveals the nuanced complexities fund managers face. Her journey from a middle income home to a principal at Metier serves as an inspiration, illustrating that private equity can indeed be a vehicle for both professional and personal growth.
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Nthabiseng Thema’s background in investment banking and management consulting laid the foundation for her
impactful career in private equity. Her belief in the transformative potential of technology to drive growth and efficiency across
sectors is evident in her focus on ICT and technology investments. Nthabiseng’s emphasis on aligning values and visions with potential funding partners during pitches reflects a deep understanding of the relational dynamics crucial to successful deal-making.
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Sihle Gumede’s transition from corporate finance to private equity was driven by a desire to understand the post-deal landscape and its impact on businesses. Her toughest deals are those that don’t close after significant effort, reflecting the inherent challenges of the industry. Sihle’s admiration for Maya Angelou’s resilience, and her love for travel, highlight her well-rounded approach to life and work. Her advice for women entrepreneurs to back themselves confidently when seeking funding is a powerful reminder of the importance of self-belief in overcoming industry biases.
Additionally, the achievements of Sindi Mabaso-Koyana, who has been a trailblazer in integrating environmental, social and governance (ESG) criteria into private equity investments, underscore the transformative power of diversity. Since establishing the African Women Chartered Accountants (AWCA) Forum in 2002, she has been part of a team that has nurtured the of developing Black women professionals in the sector.
As we celebrate these remarkable leaders, it’s clear that the journey towards diversity and inclusion in private equity is ongoing. These women are not just breaking barriers; they are paving the way for future generations. It is our collective responsibility to ensure this momentum continues, fostering an ecosystem where diversity is celebrated.
Join us in exploring their journeys, insights, and the transformative impact they are making in private equity. Together, let’s champion diversity and harness the power of varied perspectives to redefine the future of this dynamic industry.
