# Perpetua

> Perpetua is an SEC-registered investment advisory firm in Cape Town, Western Cape, South Africa, registered since 2026, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 26, 2026.

- CRD: 315222
- Filed as: PERPETUA
- Legal name: Perpetua Investment Managers (Pty) Limited
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Cape Town, Western Cape, South Africa
- Filing period: October 2026
- Form ADV filing dated: May 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/315222
- AdvisorCensus page: https://advisorcensus.com/firm/perpetua-cape-town-western-cape-315222

## Quick answers

**How is Perpetua compensated?**
On its Form ADV (Item 5.E, October 2026), Perpetua reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Perpetua located?**
Perpetua's principal office is in Cape Town, Western Cape, South Africa, according to its Form ADV.

**Is Perpetua registered with the SEC or a state?**
Perpetua is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 315222.

**How much does Perpetua manage?**
Perpetua reports $1,672,539,289 in regulatory assets under management in its Form ADV filing dated May 26, 2026 (100% discretionary).

**What types of clients does Perpetua serve?**
By number of clients on Form ADV Item 5.D: state or municipal government entities (including government pension plans) (11); other investment advisers (6); pooled investment vehicles (other than investment companies and business development companies) (4).

**Which custodians does Perpetua use?**
Perpetua's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Nedbank and Standard Bank as custodians holding 10% or more of its separately managed account assets.

**Does Perpetua report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/315222

**Does Perpetua state an account minimum?**
Its Form ADV Part 2A brochure dated November 6, 2025 says: "The minimum investment for an SMA is $25m, which is negotiable."

**What changed in Perpetua's recent Form ADV filings?**
In the June 2026 filing data: Regulatory assets under management went from $1,049,382,493 to $1,672,539,289 (+59%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated November 6, 2025)

- Account minimum: $25,000,000 (the brochure says it may be waived or negotiated)

> The minimum investment for an SMA is $25m, which is negotiable.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Nedbank
- Standard Bank

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $1,672,539,289
- Discretionary: $1,672,539,289
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $90,519,852 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 4 | $97,908,525 |
| Charitable organizations | 1 | $15,044,635 |
| State or municipal government entities (including government pension plans) | 11 | $1,394,323,249 |
| Other investment advisers | 6 | $73,337,886 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 1 | $1,405,142 |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2026 (0 years)
- Employees: 24 total, 11 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- perpetuaim.co.za
- Instagram @official_perpetua_im
- LinkedIn @perpetua-investment-managers-pty-ltd

## Changes in the filing (last 12 months)

### June 2026
- Regulatory assets under management went from $1,049,382,493 to $1,672,539,289 (+59%).
- Updated its list of owners and control persons (Schedule A).

### March 2026
- Newly registered with the SEC.

### February 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Perpetua (CRD 315222): Form ADV filing data as of October 2026.