600 million people live without electricity in Sub-Saharan Africa
Revego is the sole limited partner that invests in one of the first equity funds to target the Sub-Saharan African renewable energy-focused sector. It is therefore well positioned to capitalise on sub-Saharan Africa’s (SSA) need to make major investments in the electricity sector required over the next 25 years.
Revego highlights
BEE Investment Vehicle
Current Fund Size of
ZAR1.5 Bn
The current size of the Revego Fund is ZAR1.5 billion, with Investec Bank Limited, UK Climate Investments (UKCI) and Eskom Pension and Provident Fund (EPPF) as cornerstone investors.
Why invest with Revego?
Focused on the electricity sector in Sub-Saharan Africa where there is a proven need for investment:
The current fund size of R1.5bn, makes it a significant investor in the renewable energy sector in Sub-Saharan Africa.
R1.5bn
Returns are projected to be defensive in nature, stable and tax efficient providing a high yield return profile comparable to being in between government bonds and listed property stocks
The Revego Fund invests in operating renewable energy assets in the private market and intends to list on the JSE in two to three years, thereby providing an exit mechanism and liquidity to investors.
As an open-ended fund, the Revego Fund is constantly raising equity capital for additional investment as and when opportunities are identified, thereby avoiding any drag on cash.
The fund manager will be majority black-owned with an effective Black ownership
61.64%
Investec Bank Limited, UK Climate Investments (UKCI) and Eskom Pension and Provident Fund (EPPF) are cornerstone investors into the Revego Fund and they have invested a total of R1.5 billion.