Vision Fund
Profile

We are the longest running hedge fund manager in South Africa, with a 27 year track record of exceptional performance. Our flagship funds have both delivered in excess of 100x return on capital. We are known for disciplined, research‑driven investing and a strong performance culture. Peregrine Capital is staff‑owned and controlled, and we invest our own money alongside our clients. When the fund does well, we do well — our interests are directly aligned. 

Our Track Record

You may consider investing if you:

  • Are seeking a USD denominated investment.

  • Are comfortable with a concentrated, high-conviction portfolio.

  • Understand that markets can be volatile and are willing to take on higher risk for higher potential returns.

  • Have an investment horizon of five years or more. 

Who is this fund for?

  • Flexibility: The fund is not constrained by a benchmark, allowing us to invest wherever we see the best opportunities.

  • High conviction: A focused portfolio built around our strongest ideas.

  • Global reach: Access to opportunities across regions, sectors and asset classes.

  • Experienced team: Backed by nearly three decades of hedge fund investing experience. 

Why invest in the Vision Fund? 

  • Long-term capital growth

  • Concentrated portfolio

  • Global exposure

  • High Risk 

Investment Objectives

  • Grow capital over the long term by backing a concentrated set of high conviction investment ideas

  • Seek outsized returns by investing where we believe the opportunities are most compelling

  • Actively manage risk using the full set of tools available in a hedge fund 

The Vision Fund has a clear purpose: 

What does this fund aim to do?

The Peregrine Capital Vision Fund is a global hedge fund, aiming to maximise capital growth in USD over the long term by investing across a wide range of global assets, including shares, bonds, property, and other investment opportunities. The Vision Fund has a flexible mandate and is actively managed, with a larger risk and volatility budget than our other funds. Our active and flexible approach enables a rapid response to new opportunities and changing risk conditions, meaning our fund positioning may change quickly. 

What is the Vision Fund?

For more information, download the latest factsheet at https://www.peregrine.co.za/funds/vision-fund,
visit www.peregrine.co.za, or email us at ask@peregrine.co.za

Speak to your Financial Adviser to determine whether hedge funds are suitable for your financial goals.

Fund*

Inception date

Highest annual return

Lowest annual return

Latest 1 year

Vision Fund

April 2024

34.52%

9.57%

29.59%

This document has been compiled for information purposes only and does not take into account the needs or circumstances of any person orconstitute advice of any kind. Investors should consult with a licensed financial adviser to determine whether any investment is appropriate for theirindividual objectives, financial situation, or risk tolerance. Peregrine Capital does not provide financial advice. Peregrine Capital Proprietary Limited(“Peregrine Capital”) is an authorised financial services provider. The Peregrine Capital Vision Fund Segregated Portfolio (“Vision Fund”) is a USDdenominatedfund launched in April 2024. The Vision Fund is approved under section 65 of the Collective Investment Schemes Control Act, No. 45 of2002 (“CISCA”) as a regulated collective investment scheme in hedge funds and is subject to the regulatory requirements applicable to suchschemes. It is only available to qualified investors as defined by the Financial Sector Conduct Authority (FSCA). Returns are quoted net of fees and asat 28 February 2026. The Vision Fund: Performance fees are payable on positive performance using a participation rate of 20%. A high watermark isapplied, which ensures that performance fees will only be charged on new performance. There is no cap on the USD amount of performance fees.Fee class status: Class A, distributing. Net asset value figures (NAV) to NAV have been used for the performance calculations, as calculated by themanager at the valuation point defined in the deed, over all reporting periods. The performance is calculated for the portfolio. Individual investorperformance may differ, as a result of initial fees, the actual investment date, the date of reinvestment and dividend withholding tax. Performance isbased on a lump sum contribution and is shown net of all fund charges and expenses and includes the reinvestment of distributions. Actual annualfigures are available to the investor, on request at ask@peregrine.co.za. A schedule of fees, charges and maximum commissions is also available onrequest from the manager. The rate of return is calculated on a total return basis, and the following elements may involve a reduction of theinvestor’s capital: interest rates, economic outlook, inflation, deflation, economic and political shocks or changes in economic policy. Collectiveinvestment schemes are traded at ruling prices and can engage in borrowing and scrip lending. The manager does not provide any guaranteeeither with respect to the capital or the return of a portfolio. The manager has a right to close the portfolio to new investors in order to manage itmore efficiently in accordance with its mandate. Annualisation is the conversion of a rate of any length of time into a rate that is reflected on anannual basis. This fund does not follow a formal benchmark. Performance should be evaluated in the context of the strategy’s objectives andprevailing market conditions. Past performance may not reflect future outcomes. This is a medium to high-risk investment.

Disclaimer:

Vision Fund
Profile

  • Grow capital over the long term by backing a concentrated set of high conviction investment ideas

  • Seek outsized returns by investing where we believe the opportunities are most compelling

  • Actively manage risk using the full set of tools available in a hedge fund 

For more information, download the latest factsheet at www.peregrine.co.za/funds/high-growth-fund, visit www.peregrine.co.za, or email us at ask@peregrine.co.za

  • Long-term capital growth

  • Concentrated portfolio

  • Global exposure

  • High Risk 

Investment Objectives 

We are the longest running hedge fund manager in South Africa, with a 27 year track record of exceptional performance. Our flagship funds have both delivered in excess of 100x return on capital. We are known for disciplined, research‑driven investing and a strong performance culture. Peregrine Capital is staff‑owned and controlled, and we invest our own money alongside our clients. When the fund does well, we do well — our interests are directly aligned. 

Our Track Record

Speak to your Financial Adviser to determine whether hedge funds are suitable for your financial goals.

Who is this fund for?

You may consider investing if you:

  • Are seeking a USD denominated investment.

  • Are comfortable with a concentrated, high-conviction portfolio.

  • Understand that markets can be volatile and are willing to take on higher risk for higher potential returns.

  • Have an investment horizon of five years or more. 

The Vision Fund has a clear purpose: 

Why invest in the Vision Fund? 

  • Flexibility: The fund is not constrained by a benchmark, allowing us to invest wherever we see the best opportunities.

  • High conviction: A focused portfolio built around our strongest ideas.

  • Global reach: Access to opportunities across regions, sectors and asset classes.

  • Experienced team: Backed by nearly three decades of hedge fund investing experience. 

What does this fund aim to do?

The Peregrine Capital Vision Fund is a global hedge fund, aiming to maximise capital growth in USD over the long term by investing across a wide range of global assets, including shares, bonds, property, and other investment opportunities. The Vision Fund has a flexible mandate and is actively managed, with a larger risk and volatility budget than our other funds. Our active and flexible approach enables a rapid response to new opportunities and changing risk conditions, meaning our fund positioning may change quickly. 

What is the Vision Fund?

Fund*

Inception date

Highest annual return

Lowest annual return

Latest 1 year

Vision Fund

April 2024

34.52%

9.57%

29.59%

DISCLAIMER:

This document has been compiled for information purposes only and does not take into account the needs or circumstances of any person orconstitute advice of any kind. Investors should consult with a licensed financial adviser to determine whether any investment is appropriate for theirindividual objectives, financial situation, or risk tolerance. Peregrine Capital does not provide financial advice. Peregrine Capital Proprietary Limited(“Peregrine Capital”) is an authorised financial services provider. The Peregrine Capital Vision Fund Segregated Portfolio (“Vision Fund”) is a USDdenominatedfund launched in April 2024. The Vision Fund is approved under section 65 of the Collective Investment Schemes Control Act, No. 45 of2002 (“CISCA”) as a regulated collective investment scheme in hedge funds and is subject to the regulatory requirements applicable to suchschemes. It is only available to qualified investors as defined by the Financial Sector Conduct Authority (FSCA). Returns are quoted net of fees and asat 28 February 2026. The Vision Fund: Performance fees are payable on positive performance using a participation rate of 20%. A high watermark isapplied, which ensures that performance fees will only be charged on new performance. There is no cap on the USD amount of performance fees.Fee class status: Class A, distributing. Net asset value figures (NAV) to NAV have been used for the performance calculations, as calculated by themanager at the valuation point defined in the deed, over all reporting periods. The performance is calculated for the portfolio. Individual investorperformance may differ, as a result of initial fees, the actual investment date, the date of reinvestment and dividend withholding tax. Performance isbased on a lump sum contribution and is shown net of all fund charges and expenses and includes the reinvestment of distributions. Actual annualfigures are available to the investor, on request at ask@peregrine.co.za. A schedule of fees, charges and maximum commissions is also available onrequest from the manager. The rate of return is calculated on a total return basis, and the following elements may involve a reduction of theinvestor’s capital: interest rates, economic outlook, inflation, deflation, economic and political shocks or changes in economic policy. Collectiveinvestment schemes are traded at ruling prices and can engage in borrowing and scrip lending. The manager does not provide any guaranteeeither with respect to the capital or the return of a portfolio. The manager has a right to close the portfolio to new investors in order to manage itmore efficiently in accordance with its mandate. Annualisation is the conversion of a rate of any length of time into a rate that is reflected on anannual basis. This fund does not follow a formal benchmark. Performance should be evaluated in the context of the strategy’s objectives andprevailing market conditions. Past performance may not reflect future outcomes. This is a medium to high-risk investment.