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Good morning from Billionaires.Africa.
Here is a brief on what we published yesterday.
A quieter Saturday after a blockbuster week. We profiled Robbie Robinson, the former Goldman Sachs and BDT partner who became Barack and Michelle Obama's personal financial adviser after the White House, then launched Pendulum Holdings with his wife D'Rita to back diverse founders. Their MarcyPen Capital platform now manages $900 million across six companies — proof that the thesis he built advising the Pritzkers and the Wrigleys works just as well when the capital flows to founders who were never in those rooms.
It caps a week that saw SpaceX file for a $1.75 trillion IPO, Sysco agree to buy Nathan Kirsh's Jetro for $29.1 billion, Afreximbank commit $2.5 billion to Dangote's refinery, Remgro take full control of Mediclinic for $950 million, and Rabiu slip to fourth on the continent after Kirsh's deal reshaped the rankings overnight.
Profile
6 companies behind Obama adviser Robbie Robinson's $900 million empire Robinson spent nine years at Goldman Sachs and BDT advising America's wealthiest families before becoming the Obamas' financial adviser. He and his wife launched Pendulum Holdings in 2019 with a thesis that diverse founders were not getting capital because the system was not looking for them. The results have backed the argument.
This week's Investor Memo is available for Elite subscribers:
