Glenhove Fund Managers (GFM) is an independent, Black-owned, South African private equity fund manager. GFM’s principals have been have been involved in the South African private equity industry for the past fifteen years. Leonard Fine (Chief Executive); Alun Frost (executive director) have teamed up with Wendy Luhabe (Non-executive partner) and a consortium of Black businesswomen to manage the Fund.
Luhabe, Fine and Frost have worked together since 1994 when they all served as directors of NSA Investments Limited.
Chief Executive
Chartered Accountant SA, Fellow of the Institute of Management Accountants UK and Fellow of the British Computer Society.
Leonard has had nearly 50 years of business experience in consulting and management including over 25 years of private equity fund management experience. He has been involved in the formation of five private equity funds involving total assets of over R3 billion. He has acted as a non-executive director to many private and public companies and has consulted to many of the major private and public sector institutions in the country.
ALUN FROSTExecutive Director
B Comm. Chartered Accountant (SA), post graduate diplomas in accounting and taxation.
Alun has over 12 years of private equity and BEE investment experience. He joined NSA Investments at an early stage, and is a co-founder of Glenhove. He also served as Chief Investment Officer at the National Empowerment Fund for two years where his focus was on managing NEF Ventures and developing investment products within the framework of the NEF BEE Mandate. He has been lead fund manager of the Women Private Equity Fund since the beginning of 2005.
WENDY LUHABENon-executive Director
B Comm. MAP (Wits)
Wendy Luhabe is an author and an accomplished social entrepreneur with business interests in Pension Fund and Asset Management and in Advertising. She is a non-executive director of Glenhove Fund Managers and is also the non-executive chairman of the Industrial Development Corporation. Ms Luhabe is a founder member of WIPHOLD, a portfolio investment company that revolutionised the participation of women in the landscape of South Africa in 1994. Her first business was Bridging the Gap, a Human Resources business. She chairs the Women Private Equity Fund which she established in conjunction with Glenhove.
She chairs the International Marketing Council to bridge perception gaps about South Africa and facilitates a more effective communication strategy to the international arena and was recently appointed Chancellor of the University of Johannesburg.