Phatisa, a sector-focused African private equity fund manager, has promoted Rinolan Moodley to Deal Partner for the Southern Africa region. 

Moodley was previously a Senior Deal Principal and has been leading investments for the group in the food and agri-business sector. 

Moodley’s new role will entail leading a team to drive new investments in Phatisa’s Food Fund 2 as well as working with the portfolio team to drive value creation across the portfolio.

Commenting on the promotion, Stuart Bradley, Founder and Joint Managing Partner said: “Rinolan embodies the professional excellence and character that we look for at Phatisa and it gives me great pleasure to announce his promotion to Partner. Rinolan joined our firm four years ago via the Phatisa in-house analyst programme and through his own determination, dedication and strong business acumen, he has demonstrated his ability to lead a regional team.” 

“His promotion reflects our commitment to continuously developing our people and building in-house, local leadership for the firm’s generational evolution. We wish Rinolan every success in this new and challenging role,” he said.

Notable transactions that Rinolan has worked on include the acquisition of Phatisa’s stake in the pan-African heavy equipment supplier, Kanu Equipment, and Phatisa’s investment in Meridian, a leading fertiliser manufacturer and distributor in Southern Africa.

Rinolan added: “During my time at Phatisa, I have been proud to be a part of a firm which is dedicated to nurturing talent from within. It is a privilege to have played a role in Phatisa’s growth, helping position the firm as a leading African private equity investor.” 

“I look forward to taking on my new responsibilities as we continue to grow our dynamic firm and I am particularly excited about the opportunities for our successor fund, Phatisa Food Fund 2. We have developed an extensive pipeline in the region and are well set to continue executing on our investment strategy.”