CHALLENGER MANAGEMENT LIMITED
Challenger was established in 2015 by Paul Taberer, Charles Taberer and Gary Isbister. With a focus on emerging markets, and a bias towards Africa and Latam, Challenger focuses on financing commodity traders and businesses involved in the buying and selling of commodities in these markets. With a clear focus on transparency and adhering to a core principle of operational oversight, our aim is to generate a high-yielding return that is uncorrelated to other major asset classes.
INVESTMENT TEAM
Investment committee:
Paul Taberer
Gary Isbister CA(SA), CFA
Charles Taberer
Matt Lane CA(SA), CFA
Miguel Richards
Theeroshnee GovindaFernando Torres
Operations and finance:
Krishanta Roskin
Theeroshnee Govinder
Kelly Oberholster
Phindile Ngcobo
Petia Skvorikova O’Donoghue
Latam origination team:
Miguel Richards
Maximo Tovagliari
Fernando Torres
Africa origination team:
Matt Lane
Iain Sykes
Jason Vermaak
Investment Terms
Fund: The Challenger Trade Finance Segregated Portfolio
Hurdle rate: 5% with look back to zero
High water mark: Yes
Fund open: Yes
Minimum Investment: $100,000
Management fee: 2% *
Performance fee: 20% *
Subscription: Monthly
Lockup: No
Redemption: Calendar quarter with 90 days' notice
* Negotiable
Strategy
Investment strategy
Challenger provides asset-backed, short-duration, USD-denominated financing for trade primarily across Africa and Latin America — offering institutional private credit exposure with tangible, real-economy impact.
Strategy: Private credit - trade finance
AUM: $110 million
Currency: US dollars
Domicile: Caymen
Inception date: 1 November 2015
Target return: 10-11% (USD), net of all fees
Total deployed: USD $1.3 billion
Service Providers
Bank: Citibank Singapore
Administrator: Apex Group
Management company: Challenger Management Limited
Auditor: Deloitte & Touche
Legal advisor: Harney Westwoord & Riegels LLP
Operations: Tabis Trade Solutions (Pty) Ltd
Contact Info
Investment advisor
Challenger Management Limited
Office 2, Iconebene, Lot B441, Rue de L’Institut,
Ebene, Mauritius
Chief investment officer: Gary Isbister
Portfolio manager (Latam): Miguel Richards
Portfolio manager (Africa): Matt Lane
Contact email: mattl@challengerml.com
Website: www.challengerml.com
ISN or ref code: KYG827792196