About us

Facilitating bespoke wilderness investments across Africa

Our vision is to ensure that Africa’s critical ecosystems prosper for the benefit of biodiversity, humanity, and the environment.

Our mission is to secure and protect large wilderness areas in Africa through long-term investment, resulting in the preservation of intact natural landscapes, prolific wildlife and the generation of meaningful revenue and employment for local communities.

Our Team

  • Chief Development Officer

    Alistair has always been deeply passionate about wildlife. His conservation journey began in Africa in 1993 with a Black Rhino honours project, which led to a PhD on African Wild Dogs. He founded a still-active wild dog conservation project in the Save Valley Conservancy, where he served on the executive committee and chaired the Technical Advisory Committee. Following his PhD, he managed Chishakwe Ranch and worked as a wildlife management consultant throughout southern Africa.

    In 2007, Alistair became Managing Director of Zambezi Hunters, eventually acquiring the company before selling it in 2018. He joined the African Wildlife Foundation in 2014, first as Director of Land and Habitat Management, then overseeing all AWF projects across Africa.

    Alistair’s work focuses on connecting like-minded conservation investors with impactful projects across Africa.


  • Chief Investment Officer

    Anne Cathrine is a seasoned investment professional with over a decade of experience in impact investing, specialising in nature-based investments in Africa. Before joining Natural Capital, she led impact investments at a family office, focusing on African companies addressing climate challenges. Her distinctive background blending corporate finance and sustainability, honed at PricewaterhouseCoopers, drives her commitment to creating positive environmental and social change by using finance as a force for good.


  • Chief Communications Officer

    Beverly "Beezie" grew up in Virginia, but has lived in East Africa for fifteen years, namely the Serengeti and Kenya. Her career has been dedicated to conservation, developing and implementing communication strategies for organisations looking to demonstrate social and environmental impact and connect with a broader audience. Over the years she has been inspired by storytelling as a tool to transcend cultures, places and perspectives on the environment. As a conservationist, a creative and a communicator, Beezie's passion is to act as a bridge bringing people together to celebrate Africa's conservation opportunities and to promote a rich, authentic and vibrant narrative of wilderness areas.


  • Founder, CEO

    Natural Capital was established by Stephen Cunliffe: a passionate and business-minded conservationist, following his life’s purpose of helping to conserve our planet's rapidly diminishing natural assets. A Fellow of the Royal Geographical Society, and an experienced protected area manager and widely published photojournalist, he is driven by a vocation for conservation, ecotourism and environmental sustainability with a fervent desire to see conservation wean itself off donor dependency and its current over-reliance on grant funding by unlocking impact-driven investment and commercial capital into the chronically under-funded and under-resourced conservation space.

    Find out more at www.stevecunliffe.com


  • Chief Scientist

    Kristen is a conservation scientist who is passionate about bridging the gap between research and management and contributing to the development of the next generation of conservationists. She earned her PhD from the University of California-Davis, where her research focused on human-wildlife conflict and conservation planning. Kristen has spent the last decade working in Tanzania on projects spanning elephant movement, fence ecology, human-wildlife conflict, and vulture breeding success. She is most proud of developing the ‘Women in the Field’ program, which has created an enduring network of women in the conservation and research sectors across Tanzania and resulted in tangible opportunities for career advancement. Kristen is excited to work with Natural Capital to develop research and monitoring systems, support project partners in reaching conservation objectives, and explore new ways to support the advancement of women in the conservation space.


  • Chief of Staff

    Katherine has been an active architect of sustainable development with over two decades of diverse experience spanning the Americas, Asia and Africa. Her journey has been defined by a passionate commitment to crafting and overseeing transformative social and environmental projects. Having worked for traditional non-profit organizations, as well as structuring deals as an impact investor, Katherine has acquired a unique perspective and an unwavering belief in the power of markets as a catalyst for positive change. Her work exemplifies a commitment to innovative solutions that prioritize both people and the planet, striving for an equitable and harmonious balance that fosters lasting change.

Advisory Council

  • As Vice President at Conservation International, Robert Baigrie is responsible for leading the Asia Pacific Field Division’s Climate Finance Strategy. In this role Robert’s long private sector experience informs CI’s strategic engagement with corporate partners around the organisation’s regional climate financing initiatives. Robert is currently managing a portfolio of blended finance mechanisms that seek to scale the investment finance for high quality natural climate solutions in Asia Pacific.

    Prior to joining Conservation International Robert spent 16 years in the financial sector as a specialist in hedge fund investment strategies and investor markets throughout the United States, Europe and Asia. Robert worked in London for 10 years and in Asia for 12. He was most recently Head of Capital Consulting Services, Prime Finance for Citibank in Asia Pacific, based out of Hong Kong.

    Robert grew up in South Africa, studied Economics and has passed all levels of the CFA Program. He has a passion for wildlife and the environment, is married, with a young daughter and now lives in Monterey, California.


  • Chair of Advisory Council

    Born with a naturalist’s heart and curiosity, Michael has devoted more than 35 years to guiding safaris across the African continent and beyond. In that time, he has built and led two award-winning travel companies, Passage to Africa and Safaris by Design, and journeyed to landscapes as disparate and remote as the teeming floodplains of Chad and the windswept dunes of the Namib Desert. As a pan-African specialist and a member of the Royal Geographical Society, he brings the same guiding principles of respect, empathy, intuition and understanding to his other passions – photography and conservation. He has worked with numerous conservation organizations, from African Parks to the Ellen Fund and Big Life Foundation, raising awareness and funding to help secure some of the most effective conservation projects on the continent.

Who we work with

We work closely with investment, legal, tourism, protected area management and conservation specialists, bringing to life the dream of abundant natural landscapes, never-ending wilderness views, healthy herds, roaring rivers and starry skies.

To successfully turn these visions into reality, we engage governments, communities, and strategic local partners as part of a carefully selected and purpose-built team, operating together in a win-win collaboration where everyone stands to benefit.