A fund inspired by the early Buffett Partnerships investing in the unfrequented market of South Africa.

​APPROACH

Our capital is invested right alongside yours. We treat it like our own and we share the ups and downs.

FUNDAMENTAL
Ownership in a business. Understand the business in order to value its stock.
OPPORTUNISTIC
Prepared for different opportunities. Pounce hard when they arrive.
VALUE-ORIENTED
All intelligent investing is value investing. Acquiring more than we are paying for.
PATIENCE
Lengthening the time horizon gives a structural advantage.
CONTRARIAN
The confidence to go against the market when the facts support it.
CONCENTRATED
7 to 15 positions. We know our companies very, very well.
RISK
Risk is the probability of permanent loss of capital. Volatility is not risk.
PROCESS
Know the difference between quality of decision and quality of outcome.

Temperament.

The best investors have it.

None of the others do.

ABOUT

Desert Lion Capital is managed by Rudi van Niekerk.

He is a South African and resides in Cape Town.

A latecomer to investing, Rudi read the biography of Buffett in 2005 and subsequently dedicated his life to becoming a better investor. In 2013 he established Magnum Opus, an investment partnership for mostly family and friends. In 2016 he closed the partnership and established Guscora Investments, a permanent capital vehicle designed for South African investors. Most of the investors in Magnum Opus invested in Guscora.

Due to a growing interest from US and other international investors, Desert Lion Capital was launched to meet the needs of non-South African investors. Desert Lion Capital builds on the investment success achieved at Magnum Opus and Guscora by following the same investment process in the same attractive unfrequented market of South Africa.

Desert Lion Capital was seeded by Greenhaven Road Partners Fund and renowned investor Chuck Royce.

As you look around the world there are varying degrees of market efficiency. South Africa presents an inefficient market with many hidden opportunities.

You have the independence to invest in unique opportunities.

You want a local guide with a proven process and a track record.

WHY NOW

South Africa is one of the best performing equity markets globally since 1900.

The previous political regime and negative sentiment towards emerging markets contributed to a major selloff in the South African equity market.

South African financial markets are highly developed and sophisticated. Yet the equity market is unfrequented and pricing inefficient.

The South African market presents the opportunity to invest in good quality assets at cyclically depressed valuations, presenting superior returns through growth and multiple expansion.

Our local experience and presence will give you privileged access to these opportunities.

Want to know more? Let’s CONNECT and Start the Journey.

​Conviction.

It is impossible to produce a superior performance unless you do something different from the majority.

INVESTOR LETTERS

Follow our journey.

We communicate to you in the way we would liked to be communicated to if we were in your position.

Our quarterly investor letters is the best way to get insights into our thinking, investment process and discussion of top positions.

To receive our future investor letters you can SIGN UP to be added to our distribution list.

CONNECT

A journey of a thousand miles begins with one step.

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