Infra Impact Investment Managers Proprietary, a boutique infrastructure investment firm, has selected Prescient Fund Services Proprietary as the fund administrator for its first infrastructure fund, the Infra Impact Mid-Market Infrastructure Fund 1.
The fund aims to provide growth capital for South African-focused mid-market infrastructure businesses, which own real assets that provide essential services.
Infra Impact has a focus on the water, waste, green energy, telecommunications infrastructure and related sectors.
In addition to investor returns, impact investment outcomes include job creation, addressing sustainable development goals, reduction of CO2 emissions, clean water and sanitation, green energy and access to telecommunications services.
The Infra Impact Mid-Market Infrastructure Fund 1 has been seeded by Thuso Incubation Partners, a South African dedicated black-majority-owned private equity incubator.
In line with Thuso’s mission statement, the fund has embedded BBBEE and environmental, social and governance principles.
Co founders of Infra Impact, Mark van Wyk and Morné Edas, comment: “We are proud of achieving our first close in a challenging environment against a backdrop of the COVID-19 pandemic.”
“We believe that our fund investments will allow entrepreneurs to contribute to creating sustainable economic growth and job creation.”
Hayden Reinders, head of business development and client management at prescient in Cape Town, says: “We are proud to partner with Mark, Morné and their team. The investment strategy and ethos in terms of impact investing and empowerment is particularly relevant to forward thinking investors.”
