Lereko is a black-led investment house formed in 2004 to partner the ongoing transformation of the South African economy. The executive directors of Lereko act as principals of LMCGF. Lereko's executive directors and largest shareholders are its chairman, Popo Molefe, deputy chairman, Valli Moosa and CEO, Lulu Gwagwa. Nonexecutive shareholders include Martha Molobi (widow of the group's co-founder Eric) and Murphy Morobe.
The combination of the Metier and Lereko franchises: Metier brings the proven operational excellence of a market-leading private equity investment management business while Lereko provides a complementary balancing skill set of civil and community influence, additional deal flow and empowerment partnering necessary in the our operating context. Forged over a decade of partnering dating back to the formation of the two groups in 2004, the Metier and Lereko principals have built an enduring understanding based on complementary and mutually supportive investment insights and networks. This combination has successfully driven the required deal flow referral, co-investing commitments, decision-making and governance for successful joint efforts in the private equity arena.