Trustco Secures Investment Partnership With Riskowitz Value Fund To Access Up To USD 100 Million In Investment Capital
Published 10:46 AM GMT+2, April 17, 2024
“RVF’s proven track record and in-depth understanding of global markets make them a valuable asset as we explore strategic investment opportunities”— Quinton Zandré van Rooyen, Trustco’s deputy CEO
WINDHOEK, KHOMAS, NAMIBIA, April 17, 2024 / EINPresswire.com / — Trustco Group Holdings Limited is pleased to announce that Riskowitz Value Fund (“RVF”), a US-based fund, has entered into a six-month non-exclusive agreement to invest up to USD 100 million of hybrid capital into Trustco.
“RVF’s proven track record and in-depth understanding of global markets make them a valuable asset as we explore strategic investment opportunities,” said Quinton Zandré van Rooyen, Trustco’s deputy CEO. “This collaboration aligns perfectly with our combined vision.”
“With the listed equities on the JSE shedding nearly ZAR 2.3 trillion in market capitalisation in 2023, Trustco actively sought opportunities to access new sources of capital,” he continued. “RVF is a 23% shareholder in Trustco and has been an equity holder in Trustco for more than 10 years. Their confidence in our diverse portfolio of investments, strong management team, and growth prospects make them an ideal collaborator. We are confident that their investment expertise and knowledge of the North American capital markets will be invaluable. This strategic alliance sets the stage for Trustco’s next chapter of unparalleled growth.”
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