Venture Capital Management Services (Pty) Ltd
Malcolm Segal | B.Com CA (SA) CPA (ISR) | Non-Executive Chairman
After qualifying as a Chartered Accountant, Malcolm practised as a partner of Grant Thornton (Chartered Accountant and Business Advisors) and was elected Managing partner of the Johannesburg office in 1986 and National Executive Chairman in 1989. Malcolm established a private equity investment fund in 1997 which he managed until acquired by Sasfin Holdings Limited in 2005. In February 2012, Malcolm resigned from the boards of both Sasfin Holdings Limited and Sasfin Bank Limited to enable him to pursue his passion – entrepreneurship and entrepreneurial funding activities.Malcolm currently sits on the boards of various companies in which he holds a private equity investment and, inter alia, is also an External Member of the Special Credit Committee of the IDC (Industrial Development Corporation of South Africa Limited) and a member of the Listings Advisory Committee of AltX (Alternate Exchange of the Johannesburg Securities Exchange). Malcolm is the Chairman of VCMS.
Jeff Miller | B.Com B.Acc CA (SA) | Chief Executive Officer
Jeff is the CEO of VCMS. He is a qualified Chartered Accountant having completed his articles at Grant Thornton and has over 30 years of investing in unquoted companies across numerous industries. Jeff is a start-up specialist, having started numerous companies. He co-founded Brandcorp, which was listed on the JSE in 1997 and which was later sold to Ethos Private Equity Partners by way of MBO for approximately R1,4 billion.He is also the co-founder of KNR Flatrock, Balboa Finance, Born Free Properties, Eurosuit, Bride & Co, Redwood Capital and Seed Engine. Jeff is a member of the subcommittee of SAVCA, focused on Venture Capital.
Jeffrey Livingstone | B.Com CA (SA) HDip Tax Law | Non-Executive Director
Jeffrey is a practising Chartered Accountant and Chairman of Light & Livingstone Inc., Registered Accountants and Auditors. He qualified in 1976 after completing his articles at PKF and completed the Higher Diploma in Tax Law in 1981. Jeff provides a wide range of professional services to a broad spectrum of industries and has acted as a director and consultant to several public and private companies. He was instrumental in the listing of Net1 Applied Technology Holdings Limited on the Venture Capital Market of the Johannesburg Stock Exchange in 1997 and together with Jeff Miller, played a significant role in the listing of Brandcorp Holdings Limited on the Johannesburg Stock Exchange in 1997.Jeff is currently a non-executive director of ADvTECH Limited, VCMS (Pty) Ltd and a director of numerous other companies, as well as a trustee of numerous trusts.
Clive Butkow | B.Sc Computer Science and Applied Mathematics | Non-Executive Director
Clive is the former Chief Operating Officer (COO) of Accenture South Africa and has 28 years management consulting experience. During his tenure at Accenture (formerly Arthur Anderson and Anderson Consulting), he played numerous leadership roles including Managing Director of Accenture South Africa’s Technology business as well as Managing Director of Accenture’s Resources and Utilities businesses. In addition to his COO role, during the last 6 years, he led sales for Accenture’s Technology business, cultivating an entrepreneurial mindset which helped grow Accenture into one of the top emerging markets globally.Clive has deep technology skills from working across multiple industries including Financial Services, Resources, Retail, Automotive and Communications. He has leveraged these technology and business transformation skills and helped drive significant shareholder value for many South African clients. Since January 2013, he has supported and mentored many technology businesses, assisting them in driving growth. Clive joined Arthur Anderson in 1985 (now Accenture) after graduating from the University of the Witwatersrand with a B.Sc degree in Computer Science and Applied Mathematics.
Ran Neu-Ner | CFA Non-Executive Director
In 2001 Ran co-founded The Creative Counsel. The company is today (since 2011) South Africa’s largest agency group. In 2015, TCC was sold in the largest agency transaction in Southern Africa for over R1 billion where he remains in the capacity of Co-Group CEO.Ran is an active investor in the property, hospitality and technology space and has access to a large network of deals.Ran is on the board of YPO and an active member of EO.
Fees Charged by The ManagerCapital Raising Fee: 3% of funds raised.
Management Fee: 2.5% p.a of total funds raised paid quarterly in advance.
Performance Fee: For every 4 ordinary shares issued to investors, the manager is issued with 1 ‘A’ Ordinary Share.