Three-dimensional capital™

1. Three-dimensional capital™ Presented by navaid Burney, managing director, One Thousand & one voices Private equity in southern africa 2014

2. What is three-dimensional capital™? • Patient Financial Capital: • Does not impose arbitrary limits on the duration of investments, and reduces risk of impaired returns due to forced exits • Relational Capital: • Leverages the families’ connections and influence across the globe • Intellectual Capital: • Leverages the families’ business knowledge and direct experience in specific industries

3. Advantages of three-dimensional capital™ • Key areas where Three-Dimensional Capital™ improves on the traditional private equity model: • Richer investment pipeline that is especially relevant to family businesses • Link between entrepreneurs in Africa and those elsewhere creates common language based on experience and personal success • Patient Financial Capital is more aligned with the time horizon of family-owned businesses in Africa • Keener investment selection • 10-year investment period is conducive to patient family investors • Can rely on Intellectual Capital and Relational Capital in the due diligence phase • More impactful value add • Intellectual Capital and Relational Capital of families brings productive relationships and ideas to One Thousand & One Voices’ investee companies. • Can “double down” in case of temporary setbacks to support fundamentally sound companies • Reduced risk of unsuccessful, untimely exits • Relational Capital brings more market participants to the sale • Healthier companies exited at the right time in the investment and economic cycle