Global Emerging Market Equity Specialists

At North of South Capital, we have focused exclusively on managing Emerging Market equity mandates since the firm’s inception in 2004.

We combine decades of experience investing in Emerging Markets with a disciplined proprietary valuation process to deliver significant long-term outperformance relative to the broader EM universe.

Over the years we have built long-standing partnerships with institutional and wholesale investors in the UK, EU, North and South America as well as Asia and the Middle East.

The team at North of South Capital runs a limited number of strategies underpinned by the same philosophy and process. As owners of the business, we are aligned with our investors to deliver long-term results. 

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Important Legal Information

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You acknowledge and agree that access to this website (the “Site”) is provided only in accordance with these Terms & Conditions. By accessing this Site, you agree to be bound by the following terms and conditions (the ‘Terms’). Before using this Site, you should carefully read the Terms, our Privacy and Cookie Policy. If you do not agree to these Terms & Conditions, please do not make use of this Site.
You acknowledge and agree that access to this website (the “Site”) is provided only in accordance with these Terms & Conditions. By accessing this Site, you agree to be bound by the following terms and conditions (the ‘Terms’). Before using this Site, you should carefully read the Terms, our Privacy and Cookie Policy. If you do not agree to these Terms & Conditions, please do not make use of this Site.

The Site has been approved for issue in the UK by North of South Capital LLP, which is authorised and regulated by the FCA (FRN 403114). North of South Capital LLP is registered in England and Wales (Registration number: OC309016) with its registered office at 85-87 Bayham Street, London, England, NW1 0AG.

Unless otherwise stated in relevant sections of the website, this website is targeted at investors who are generally classified as qualified, professional, accredited or institutional. The information contained in this website is directed only at persons in a country or jurisdiction where access to the information and the use thereof is not contrary to local law or regulation. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction when accessing the information contained in this website.

Should you wish to contact us please refer to the Contact Us link.

This disclaimer applies to the entire contents of the Site and contains important information explaining the rights of any visitor to the Site (“you” or “your”) to access and use the Site. You should pay particular attention to the ‘Disclaimer of Liability’ section as this excludes or limits our legal liability in connection with your use of the Site. The information, material and content provided within the Site may be changed at any time without notice. We may also make changes to this disclaimer at any time without notice by updating these pages. You should review this section of the Site whenever you access the Site and your continued access to or use of the Site shall constitute proof of such review and your agreement to the latest published version of this disclaimer.

Certain provisions of this disclaimer may be superseded by expressly designated legal or regulatory notices or terms located on particular pages of the Site or on materials that are downloadable from the Site.

We do not warrant or otherwise promise that the Site, use of the Site or this disclaimer (in whole or in part) are in compliance with laws or available for use in locations from which you are accessing the Site. If you choose to access this Site, you do so at your own initiative and are responsible for compliance with local laws.

We are required by law to tell you that the terms and conditions are in English and that we will communicate with you in English. If any part of these Terms is found by any court or other competent authority to be invalid, unlawful or unenforceable then such part shall be severed from the rest of the Terms which shall continue to be valid and enforceable to the fullest extent permitted by law.

These Terms & Conditions were last reviewed in May 2024.

Disclaimer of Liability

All material on the Site is for information only and does not address the circumstances of any particular individual or entity. The information on the Site is not intended to be comprehensive or complete may not be up-to-date and should not be relied on as such. The firm does not assume or accept any responsibility or liability in relation to either the availability of the Site or the information on it. All information is provided “as is”, without any warranties of any kind and at your sole risk. We make no representations and disclaim all express and implied warranties and conditions of any kind in relation to information on the Site.

Whether or not advised of the possibility, neither North of South Capital LLP, nor any other party involved in creating, producing, maintaining or delivering the Site shall be liable for any kind of loss or damage that may be suffered or claimed by you (or any person claiming under or through you) or to any third party, which arises in connection with the use of, inability to use or the results of use of the Site and any websites linked to the Site or the material on the Site or such other websites, whether such losses or damages are suffered directly or indirectly or are immediate or consequential and whether arising from negligence, breach of contract or otherwise.

Nothing in this disclaimer excludes or limits our liability for fraud, negligence, causing death or personal injury, or for any liability to the extent that it cannot be excluded or limited under the applicable law or regulatory requirements.

Intellectual Property Rights

The information contained in this website may not be reproduced, distributed or published for any purpose without the prior written consent of North of South Capital LLP.

Links To and From Other Websites

The hyperlinks within the Site may take you to third party websites which are not within our control. We have not reviewed these websites and are not responsible for their availability, accuracy or content or for any loss or damage that may arise out of your use of them. Access to third party websites is entirely at your own risk. You should read any terms and conditions applying to the use of any third party website that you visit and address any complaints or queries relating to such websites to the operator of that website. The inclusion of a link in the Site does not imply that we endorse, recommend or approve any material on the linked page or accessible from it.

You may not use any part of the Site on any other website or link any other website to the Site without prior written permission.

Investment performance

Please note that the value of investments and the income derived from them may fluctuate and an investor may not receive back the amount originally invested. Where past performance is shown it refers to the past and should not be seen as an indication of future performance. The value and any income arising from any investment referred to on this Site may go down as well as up. In particular you may not get back the full amount invested. Where overseas securities are held the rate of currency exchange may cause the value of the investment to go up as well as down. Any forecast, projection or target is indicative only and is not guaranteed in any way. We accept no liability for any failure to meet such a forecast, projection or target.

In the case of investments for which there is not a recognised market it may be difficult for investors to sell their investment or to obtain reliable information about its value or the extent of the risks to which it is exposed.

The information on this Site is based on understanding of current law, regulation and HM Revenue & Customs practice at the time of going to press. Future changes in law, regulation, tax levels or HMRC practice could affect the information on this Site.

Legal & Regulatory Information

Nothing on the Site constitutes or forms a part of any offer or solicitation of any offer for sale or subscription of or any invitation or solicitation to offer to buy or subscribe for, any securities, financial instruments or related instruments, nor should it or any part of it form the basis of or be relied upon in any connection with any contract or commitment whatsoever.

Nothing on the Site constitutes professional and/or financial advice, an information agreement, recommendation as to suitability or appropriateness, or an offer or solicitation to enter into any form of transaction. Certain products may be high risk and may not be suitable for all investors. Any discussion of the risks associated with a particular product or service should not be regarded as complete or comprehensive. Advice from a suitably qualified professional should always be sought in relation to any particular matter or circumstances.

This information is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use is contrary to local law or regulation.

The information included herein is not intended to be complete, and material aspects of the descriptions contained herein may change at any time. If you express an interest in investing, you should carefully review the applicable offering memorandum and risk factors disclosed therein prior to making a decision to invest. You should rely only on the information contained in the offering memorandum in making your decision to invest which is available on request from [email protected].

Our investments are available for professional clients and eligible counterparties due to the risk of liquidity within the funds. Such an investment will provide limited liquidity because interests in the fund will not be freely transferable and may be withdrawn infrequently and only under certain limited circumstances. There will be no public or secondary market for interests in the fund, and it is not expected that a public or secondary market will develop.