The firm
Capitan is a specialist senior-secured private debt manager dedicated to financing high-impact projects across South Africa. The firm focuses on addressing the country’s most pressing infrastructure and social development needs, while delivering competitive
risk-adjusted returns to investors. By mobilising private and catalytic capital,
Capitan supports projects that drive job creation, inclusive economic growth, and sustainable development. Key areas of focus include affordable housing, student accommodation, and enabling infrastructure. Through disciplined credit
structuring and rigorous risk management, Capitan combines sustainability with long-term value creation. Its robust pipeline is closely aligned with global development priorities, offering institutional investors a scalable and responsible opportunity to
participate in South Africa’s growth story.
Investment team
The Capitan team brings deep expertise in South African capital markets, private credit, and loan structuring, supported by proven track records in origination, property development, and portfolio management. With backgrounds in banking, asset management, and credit investing, the team offers a comprehensive understanding of both financial and operational dynamics. This breadth of experience allows Capitan to structure transactions that balance risk and return while ensuring projects are well-conceived and effectively executed on the ground. Capitan applies a disciplined, hands-on approach to origination, due diligence, and active portfolio management—positioning the firm to deliver sustainable financial returns alongside measurable social impact.
Fund name: Capitan Note Programme
Status: Open
Minimum investment: R50 million (institutional only)
Management fee: 10 bps p.a.
Subscriptions: Monthly
Redemptions: Willing buyer/willing seller basis, with final maturity on 22 November 2028
Distributions: Monthly interest payments (investors may elect reinvestment or cash payout)
Capitan targets private-debt opportunities that finance SME property developers in the affordable
housing and essential infrastructure sectors across South Africa. The strategy is designed to provide institutional investors with stable, risk-adjusted returns while enabling meaningful social and economic outcomes. Every transaction is underpinned by strong governance and disciplined risk management, ensuring downside protection and capital preservation. By supporting credible developers and critical projects, Capitan helps address urgent housing and infrastructure needs, while catalysing economic upliftment. This approach is aligned with the UN Sustainable Development Goals and captures the growth potential of emerging markets, creating a scalable and responsible investment platform.
FUND FACTS
Firm AUM: R265 million (as at 30 September 2025)
Currency: ZAR
Domicile: South Africa
Inception Date: 22 November 2024
Administrator: Apex
Auditor: PwC
Legal Advisor: Werksmans Attorneys
Address: 20 Herold Street, Stellenbosch
E: info@capitan.co.za
W: www.capitan.co.za