Revego Fund Managers is a majority
black owned fund manager, with significant expertise in the renewable energy sector and the fund manager of the Revego Africa Energy Fund.

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

63.42%

Black Owned

The fund manager is majority Black-owned.

BBBEE Certificate

Current Fund Size of

ZAR2 Bn

The current size of the Revego Fund is ZAR2 billion, with Investec Bank Limited, UK Climate Investments (UKCI) and Eskom Pension and Provident Fund (EPPF) as cornerstone investors.

Our Experienced Renewable Energy Team

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.

Abel Mjiyako
Chief Technical Officer

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.

Ziyaad Sarang
Chief Investment Officer

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).

Tumelo Shakung
Chief Financial Officer

Tumelo is the Chief Financial Officer of Revego Fund managers (RFM). She holds a Bachelor of Business Science Degree from the University of Cape town and is a qualified Chartered Accountant. She has over 8 years’ experience in banking and financial services at Investec Bank and was a senior consultant in the Structured Finance Solutions team, within the Corporate and Institutional Banking division, focusing specifically on Fund Finance solutions. She has experience in establishing and managing key business relationships and has a deep understanding of unlisted investment managers across Africa, their areas of focus, investment philosophies, and investment strategies.

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.

Anthea Gardner

Anthea founded Cartesian Capital, a Johannesburg based asset management business in 2014. As well as being the Managing Partner and Director of Cartesian, she is also a shareholder and Director of Inyosi Solutions, a Cape Town based ESD (Enterprise and Supplier Development) business.

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.

Ziyaad Sarang
Chief Investment Officer

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.

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.

Portfolio Companies of Revego Africa Energy Fund

Khobab Wind Farm, 140MW

  • Khobab Wind Farm is located in the Hantam municipality in the Northern Cape province of South Africa
  • The project was constructed as part of the Bid Window 3 of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP)

Technology

Wind

Installed Capacity

140MW

Acquisition Date

June 2021

Commercial Operations Date

December 2017

Developer

Mainstream Renewable Power

Shareholders

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

Revego Fund Managers (Pty) Ltd has effective black ownership of 63.42%

15%

Dzana Investments Proprietary Limited

36%

H1 Holdings Proprietary Limited

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:




Investec


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

Apex Group
APEX


Provides fund administration services

News

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
(011) 286-7000
Address

100 Grayston Drive,
Sandown, Sandton 2196

Email
Chief Investment Officer – [email protected]