Precium
A railway line runs straight across an empty plain to a single towering cloud on the horizon.

Precium

Precium starts ventures, builds them until they can stand, then holds them.

Fig. 01 — A line, a horizon, one cloud.
[Generated placeholder image]

01 — The record2018 — today

Complex situations are rarely short of ambition. They are short of structure.

Precium spent its first four years inside other people’s transactions, finding the arrangement in which every party could move at once. Since 2022 it has built its own ventures, and kept them.

Read from the centre out.

  1. 2018Founded
  2. 2018 — 22Steinhoff distressed-asset matter, with Lancaster Group
  3. 2020Intertoll Europe acquisition
  4. 2022 — 26BFF Finder — the first build
  5. 2023Bombela M&R stake sale
  6. Dec 2025 —Precium Capital Partners
  7. 2026 —Hemmingway, co-founded

Fig. 02 — Growth rings, drawn in code, printed as ink. One ring for each turn of the work.

02 — The modelHow it works
Originate.

Find the opening, and the structure that makes it workable.

Build.

Run it until it can stand on its own: people, capital, governance.

Hold.

Step back into ownership. Keep the asset, not the steering wheel.

A capital partner, not a new boss.

  1. Junior equityPrecium Capital Partners — non-controlling, contractually protected
  2. Operator equityKeeps operational control
  3. MezzanineSubordinated lenders
  4. Senior debtBanks and development finance institutions
Fig. 03 — Where the capital sits in a project. Illustrative proportions.
01

Precium Capital Partners

Junior equity for operational rail, road and energy infrastructure, alongside operators who keep control.

Dec 2025 — Active
02

Hemmingway

Co-founded. An AI writing assistant built on its own model, Hemmingway-1, with apps for Mac, Windows and Android, and an API.

2026 — Active
03

BFF Finder

The first build: a friendship community for adults that grew to 10,000+ members, 50,000+ followers and picnics in Johannesburg, Pretoria and Cape Town.

2022 — 26 Closed
A lone figure on a dirt road looks out towards mountains under heavy cloud.

Fig. 04 — The founder.
[Placeholder photograph, Pexels. To be replaced with a commissioned portrait.]

Yashodan Naidoo

Founder, Precium · Founding Partner and CEO, Precium Capital Partners

Founded Precium in 2018 and co-founded Hemmingway. Interested in building companies, investing, and the systems that decide what a society is able to build — and writes about all three.

03 — ThinkingEssays and the record of calls

Reasoning, kept on the record — including the calls that were wrong.

Essays on political economy, systems design and social architecture, and research from the advisory years. Not a blog: a small, curated body of work for anyone who wants to know how the decisions get made.

Essays

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Corrections

  • Entries to follow.
04 — ContactNo forms

Write to Yashodan.

yashodan@precium.co

Email goes straight to Yashodan Naidoo, who reads it. Johannesburg, South Africa.