About Revego Fund Managers

The sub-Saharan African (SSA) electricity sector requires major investment over the next 25 years as more than 600 million people in SSA currently live without access to electricity.

A significant portion of this investment will be led by the private sector. The Revego Africa Energy Fund that is managed by Revego Fund Managers (RFM), is well-positioned to capitalise on this urgent need for investment.

In addition to an experienced management team, RFM has an investment committee consisting of industry experts and experienced investment officers. 

Revego Fund Managers has a mandate to manage third party funds and holds a Category II FSP Licence issued under FAIS, allowing it to provide intermediary services on a discretionary basis.

Revego highlights

60.1%

Black Owned

The fund manager is majority Black-owned.

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 committed ZAR1 billion, in equal proportions, alongside other investors, thereby providing scale and ability to build a diversified asset base.

Our Experienced Renewable Energy Team

  • Management Team
  • Investment Commitee
  • Board

The RFM Management Team leverage off over 50 years of sectoral, financial and investment experience together with significant relationships with investors, developers and investors active within sub-Sahara Africa. This allows RFM to maximise investment opportunities and actively manage the investments on behalf of the Fund.

Chief Technical Officer

Abel Mjiyako

Abel is the Chief Technical Officer at Revego Fund Managers and holds a BSc Eng and MBA from Wits University. He is qualified as an engineer. After qualifying in 1999, he started his engineering career with Gold Fields of SA and later joined De Beers. He joined Investec Bank in 2007 in the Resource Finance lending business focusing on mining clients. He later moved to Investec Bank’s Specialised Finance Africa lending team thereafter, with a focus on growing the bank’s presence in Africa. His last role at Investec Bank was in the Power & Infrastructure Finance lending business.

Chief Financial Officer

Rushil Rattan

Rushil is Chief Financial Officer of Revego Fund Managers. Rushil is a Chartered Accountant (SA) and CFA Charterholder. He has over 11 years of Corporate Finance experience spanning M&A Advisory, Capital Raising, BEE and Restructuring. He brings a wealth of capital markets and corporate finance expertise to Revego Fund Managers.

Chief Investment Officer

Ziyaad Sarang

Ziyaad is the Chief Investment Officer of Revego Fund Managers. He has 19 years of experience in infrastructure, financial services and renewable energy. After a short stint at a boutique investment bank, Ziyaad was the global sector head of infrastructure in the Client Coverage division of Standard Bank. He is a Chartered Accountant (SA).

Chief Technical Officer

Abel Mjiyako

Abel is the Chief Technical Officer at Revego Fund Managers and holds a BSc Eng and MBA from Wits University. He is qualified as an engineer. After qualifying in 1999, he started his engineering career with Gold Fields of SA and later joined De Beers. He joined Investec Bank in 2007 in the Resource Finance lending business focusing on mining clients. He later moved to Investec Bank’s Specialised Finance Africa lending team thereafter, with a focus on growing the bank’s presence in Africa. His last role at Investec Bank was in the Power & Infrastructure Finance lending business.

Chief Financial Officer

Rushil Rattan

Rushil is Chief Financial Officer of Revego Fund Managers. Rushil is a Chartered Accountant (SA) and CFA Charterholder. He has over 11 years of Corporate Finance experience spanning M&A Advisory, Capital Raising, BEE and Restructuring. He brings a wealth of capital markets and corporate finance expertise to Revego Fund Managers.

Chief Investment Officer

Ziyaad Sarang

Ziyaad is the Chief Investment Officer of Revego Fund Managers. He has 19 years of experience in infrastructure, financial services and renewable energy. After a short stint at a boutique investment bank, Ziyaad was the global sector head of infrastructure in the Client Coverage division of Standard Bank. He is a Chartered Accountant (SA).

The RFM Investment Committee consists of leaders in the renewable energy field, with a blend of African and international experience providing deep insight into each transaction RFM considers. The Investment Committee’s capabilities are further enhanced through its other members’ known credit and fund management expertise, which are vital in providing a balanced assessment to each of RFM’s investments under consideration.

Glynn Burger

Glynn has over 35 years of banking experience. He served as an executive director and joint managing director of Investec Bank Limited from 2000 until 2019. During this time he also fulfilled the role of Group Risk Manager and was a key decision maker on Investec’s Credit, Deal Forum and Investment Committees.

Patsy David

Patsy was appointed as the Head of Research at All Weather Capital, a specialist asset manager, in 2019. She was previously responsible for research on SA industrials, luxury and healthcare stocks at ABSA Asset Management’s Equity Franchise. She has in excess of 20 years’ experience in investment banking and during her career has worked as a sell-side analyst at HSBC and Macquarie as well as a portfolio manager at the PIC.

Rajit Nanda

Rajit is currently the Chief Investment Officer of ACWA Power, a developer, investor and operator of power generation and desalinated water production plants throughout parts of Africa and the Middle East. Prior to joining ACWA Power, Mr Nanda held the position of Chief Financial Officer of Engie Energy International for the Middle East, Africa and Asia division.

Chief Investment Officer

Ziyaad Sarang

Ziyaad is the Chief Investment Officer of Revego Fund Managers. He has 19 years of experience in infrastructure, financial services and renewable energy. After a short stint at a boutique investment bank, Ziyaad was the global sector head of infrastructure in the Client Coverage division of Standard Bank. He is a Chartered Accountant (SA).

Dr Zuko Kubukeli

Zuko is the CEO and Managing Partner of PAPE Fund Managers and has been managing private equity teams since 2006. During his career, he fulfilled the role of executive director of Brait Specialist Funds and was involved in setting up the first clean technology renewable energy fund on the African continent, Evolution One Fund.

The RFM Board is committed to meeting the highest standards of corporate governance, whilst managing the relationships with the various stakeholders.

Andre Wepener

Andre heads the Investec Power & Infrastructure Finance team based in Johannesburg. The team provides funding solutions for power and infrastructure projects and Sponsors across Sub-Saharan Africa. Andre has been with Investec for 15 years with a broad range of experience in the specialist lending space across multiple sectors.

Bronwen Trower

Bronwen is a Charted Accountant with experience in investment banking and  fund management. Currently she is fund manager in  the Investec Specialist Investments (ISI)  business with a strong focus on unlisted credit, enhanced cash and structured strategies. One of ISI’s strategies is a credit co-investment portfolio that leverages off Investec’s loan origination capabilities which includes, but is not limited to, assets in the Power and Infrastructure sector.

She serves as a non-executive director of Augusta Steel Proprietary Limited and Bud Rental Services Proprietary Limited.

Carla Samaai

Carla is the Chief Operations Officer at H1 Holdings, an investment firm which focuses on developing and managing clean energy power plants. Her broad range of business acumen includes operations management, human resources, project management and governance. She believes in transformative leadership and aims to unify people in favour of a common purpose. Prior to H1, she served as Managing Director of Lemon Zest Consulting, a specialist recruitment firm.

Nkateko Khoza

Nkateko is an MBA and BCom graduate with majors in Information Systems, Economics and Accounting. She currently serves as the CEO of Dzana Investments with the sole aim of creating a holding company with interests in property, energy, education, health and ICT sectors. During her career Nkateko worked for BMW SA, Gauteng Shared Services Centre and Deloitte Consulting.

Shelley Thomas

Shelley is an Independent Non-Executive Director at Texton Property Fund Limited and Workforce Holdings Limited and serves as Chair of the board of Industrial Timber Supplies Proprietary Limited. She has deep insight into the workings of large organisations in the public and private sector. Her previous appointments included Director in the internal audit division of SekelaXabiso, divisional head of Forensic, Compliance, and Governance at Protect-A-Partner International and Financial Director at Ubambo Investment Holdings Limited, amongst others.

Andre Wepener

Andre heads the Investec Power & Infrastructure Finance team based in Johannesburg. The team provides funding solutions for power and infrastructure projects and Sponsors across Sub-Saharan Africa. Andre has been with Investec for 15 years with a broad range of experience in the specialist lending space across multiple sectors.

Bronwen Trower

Bronwen is a Charted Accountant with experience in investment banking and  fund management. Currently she is fund manager in  the Investec Specialist Investments (ISI)  business with a strong focus on unlisted credit, enhanced cash and structured strategies. One of ISI’s strategies is a credit co-investment portfolio that leverages off Investec’s loan origination capabilities which includes, but is not limited to, assets in the Power and Infrastructure sector.

She serves as a non-executive director of Augusta Steel Proprietary Limited and Bud Rental Services Proprietary Limited.

Carla Samaai

Carla is the Chief Operations Officer at H1 Holdings, an investment firm which focuses on developing and managing clean energy power plants. Her broad range of business acumen includes operations management, human resources, project management and governance. She believes in transformative leadership and aims to unify people in favour of a common purpose. Prior to H1, she served as Managing Director of Lemon Zest Consulting, a specialist recruitment firm.

Nkateko Khoza

Nkateko is an MBA and BCom graduate with majors in Information Systems, Economics and Accounting. She currently serves as the CEO of Dzana Investments with the sole aim of creating a holding company with interests in property, energy, education, health and ICT sectors. During her career Nkateko worked for BMW SA, Gauteng Shared Services Centre and Deloitte Consulting.

Shelley Thomas

Shelley is an Independent Non-Executive Director at Texton Property Fund Limited and Workforce Holdings Limited and serves as Chair of the board of Industrial Timber Supplies Proprietary Limited. She has deep insight into the workings of large organisations in the public and private sector. Her previous appointments included Director in the internal audit division of SekelaXabiso, divisional head of Forensic, Compliance, and Governance at Protect-A-Partner International and Financial Director at Ubambo Investment Holdings Limited, amongst others.

Funds Under Management

As part of its mandate to manage the Revego Fund, RFM is required to evaluate potential investment decisions according to the following key investment principles:

The Revego Fund will not finance development costs or provide debt that does not have an equity risk associated with it.

The project needs to fall within the jurisdiction of Sub-Saharan Africa

The shareholding required is predominantly significant minority shareholding requirement, with at least one Board seat required as financial investor

The investment instruments will include shares, shareholder loans and those producing equity-like returns

The status of your company or project will need to be operational, or at least near operational.

Go to Revego Fund

Revego Africa Energy Fund

RFM’s first fund under management is the Revego Fund as of September 2019.

Focused on the electricity sector in Sub-Saharan Africa where there is a proven need for investment. The Revego Fund invests in a well-balanced mix of utility-scale operating renewable energy projects in Sub-Saharan Africa. The Fund seeks equity or equity-like returns and targets minority equity interests.

If you are a shareholder or promoter of an operational renewable energy company who is looking for a fund to buy your investment or invest alongside you, Revego may be able to provide you with this opportunity. In addition to an experienced management team, RFM has an investment committee consisting of industry experts and experienced investment officers.

Shareholders

Revego Fund Managers' investment potential is strengthened by its shareholders:

Revego Fund Managers (Pty) Ltd has effective black ownership of 60.1%.

15%

Dzana Investments Proprietary Limited

16%

H1 Holdings (Pty) Ltd

20%

Entrepreneurship Development Trust

49%

Investec Bank Limited

Service Providers

Revego Fund Managers' offering is supported and enhanced by entering into service level agreements with the following service providers:

Moonstone Compliance

Advised and provides oversight on
regulatory compliance

Maitland

Appointed as Fund Administrator
for the Revego Fund

Investec

Provides all ancillary services while
RFM's funds under management
grow to scale

News

Chief Investment Officer, Michael Meeser’s interview on Moneyweb

Michael Meeser is interviewed by Simon Brown on the MoneywebNOW show, to discuss the upcoming listing of the Revego Africa Energy Fund Limited.

Read More
The Revego Podcast Series

This series of four podcasts is brought to you by the Revego Africa Energy Fund to build awareness of new investment opportunities in the renewable energy sector of sub-Saharan Africa. The Revego Africa Energy Fund is listing on the JSE this year and is focusing on owning stakes in a portfolio of operating renewable energy assets, initially in South Africa, but then broadening across the sub-Saharan region.

Read More
Investec Bank backs a bridge facility funding renewables

A renewable energy investment vehicle, Revego Africa Energy Limited (Revego), has announced a R1.25 billion bridging facility with Investec Bank, aimed at bringing the vehicle to market.

Read More
R12bn Kathu Solar Park goes commercial

Commercial operations at the R12 billion Kathu Solar Park have commenced. Located in the Northern Cape province, the 100MW Kathu solar power plant accomplished its first synchronisation to the national grid in November last year.

Read More
Aurora Wind Power starts commercial operation of the West Coast 1 wind farm

The West Coast 1 project is part of the Renewable Energy Independent Power Producer Procurement programme, through which South Africa intends to procure 3,625 MW of renewable energy by the end of 2016

Read More
Investec and UKCI commit R1 billion toward renewable energy

Investec Bank and UK Climate Investments have set up a R1bn investment vehicle to buy assets under SA’s green power programme.

Read More

Contact us

If you are a shareholder or promoter of a company who is looking for a fund to buy your investment or invest alongside you, Revego may be able to provide you with this opportunity.

Contact Number
Address

100 Grayston Drive,
Sandown, Sandton 2196

Email
Chief Investment Officer – [email protected]