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
Initial Fund Size of
ZAR1.3-1.7 Bn
The intended initial size of the Revego Fund is ZAR1.3–1.7 billion, with Investec Bank Limited and UK Climate Investments (UKCI) jointly committing ZAR1 billion, in equal proportions, alongside other investors, thereby providing scale and ability to build a diversified asset base.
Why invest with Revego?
Focused on the electricity sector in Sub-Saharan Africa where there is a proven need for investment:
The targeted initial size of the Fund will make it a significant investor in the sector
R1.3-1.7bn
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
Revego will be listed on the JSE, thereby providing an exit mechanism and liquidity for investors
After the listing, Revego will raise equity capital for additional investments as and when attractive opportunities are identified, thereby avoiding any drag on cash
The fund manager will be majority black-owned with an effective Black ownership
60.1%
Investec, as a shareholder in the fund manager, along with UKCI, will be anchor investors in Revego, having jointly committed ZAR1 billion