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.
Read the summary report by Revego and MOBILIST on “Financing Africa’s Energy Transition through the Public Markets”.
About Revego Fund Managers
Revego Fund Managers (RFM) is a South African based investment manager, primarily focused on investing in renewable energy assets across sub-Saharan African (SSA).
Founded in 2019, RFM’s investment philosophy is grounded in active asset management through board stewardship and deliberate engagement with management teams to drive sustainable shared value for investors and communities. This allows RFM to unlock value enhancements which are underpinned by strong governance principles.
The RFM management team’s experience in renewable energy, infrastructure finance, M&A, investment banking and capital raising spans over 60 years and is further bolstered by 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.
Our Why
The 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.
To meet this need, a blend of public and private funds must act in a coordinated effort to enable the growth of the renewable energy sector. A significant portion of this investment will be led by the private sector. The Revego Africa Energy Fund that is managed by RFM, is well-positioned to capitalise on this urgent need for investment.
The Revego Africa Energy Fund’s mandate is primarily focused on acquiring de-risked operating renewable energy assets. This provides developers and early-stage investors with an exit opportunity to recycle their capital towards the development of new megawatts. Consequently, investors in Revego Africa Energy Fund gain access to long-term inflation-linked, sustainable cashflows.
Revego highlights
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
Rajit Nanda
Rajit is currently the CEO of DataVolt, a sustainable data center operator. He has previously served as the Chief Financial Officer, Chief Investment Officer, and Chief Portfolio Management Officer at ACWA Power, where he played a key role in the company's global expansion and IPO. Before ACWA Power, he was the CFO for Engie in the Middle East, Asia, and Africa. Rajit holds an MBA from Xavier Institute of Management, India, and has completed an Advanced Management Program at INSEAD, France.
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.
Tlhokomelo Dube
Chief Financial Officer
Tlhokomelo is the Chief Financial Officer of Revego Fund Managers (RFM), bringing over 17 years of experience spanning Corporate and Institutional Banking, Investor Relations, and Group Strategy. Her career reflects a deep understanding of financial markets, stakeholder engagement, and strategic planning. Tlhokomelo holds a Bachelor of Business Science degree from the University of Cape Town and is a certified Financial Risk Manager (FRM®).
Ziyaad Sarang
Chief Investment Officer
Ziyaad is the Chief Investment Officer of Revego Fund Managers. He has over 25 years of experience in infrastructure, financial services and renewable energy. Ziyaad excels in strategic investment management, leveraging his expertise to drive growth and innovation in the renewable energy sector.
Ziyaad Sarang
Chief Investment Officer
Ziyaad is the Chief Investment Officer of Revego Fund Managers. He has over 25 years of experience in infrastructure, financial services and renewable energy. Ziyaad excels in strategic investment management, leveraging his expertise to drive growth and innovation in the renewable energy sector.
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. 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.
Michael Meeser
Chief Investment Officer
Michael has spent over 15 years leveraging his financial acumen and analytical advice to drive growth in the competitive and challenging energy sector, more recently in the renewable energy space. He has the unique skills of having worked for both investors/lenders and investees/borrowers.
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. 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.
Enzo Mpanza
Investment Professional
Enzo is an Investment Professional at Revego Fund Managers (RFM), bringing over 10 years’ experience in corporate finance, deal structuring, and capital raising. He has worked on complex transactions involving institutional investors and corporates across Energy & Infrastructure and General Industrials. Enzo holds a Bachelor of Commerce Honours degree from the University of Johannesburg and is Qualified Chartered Accountant (South Africa).
Vuyolwetu Mabena
Investment Professional
Vuyo is an Investment Professional at Revego Fund Managers (RFM), bringing over 8 years of experience spanning Energy & Infrastructure Finance, Leveraged Finance and Structured Finance Solutions. She has worked across various renewable energy transactions and on bespoke funding solutions for small to medium enterprises, high net worth individuals and entrepreneurs. Vuyo holds a Bachelor of Business Science degree and a Postgraduate Diploma from the University of Cape Town and is a Qualified Chartered Accountant (South Africa).
About Revego Africa Energy Fund
The Revego Fund is a private equity fund and is structured as an en commandite partnership.
The Fund is a private equity fund and is structured as an en commandite partnership. The following parties are the primary role players in relation to the Fund: the Limited Partner (Revego Africa Energy Proprietary Limited), the General Partner, the Fund Manager (Revego Fund Managers), the Investment Committee and the Advisory Board.
Target Fund Size
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.
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.
Why invest with Revego?
Strategic renewable energy investments delivering robust returns and sustainable outcomes
Semi-Annual Dividends
Target return of South African CPI + 5% – 7% over the long term
Risk-Adjusted Returns
Diversified portfolio with long-term inflation linked-tariffs underpinned by government guarantees
Long-Term Growth Potential
Value unlock opportunities with asset useful lives beyond the initial power purchase agreement period
Secondary Renewable Energy Market
Allows exiting developers to recycle their capital towards the development of new megawatts
Clean Energy Investment
Investing proven clean energy projects in SSA, eliminating greenhouse gas emissions
Uplift Local Communities
Driving socio-economic and local enterprise development expenditure at portfolio companies aligned to community needs
Funds Details
South Africa
Fund Domicile
Utility Scale Renewable Energy Projects
Fund Mandate
August 2021
Initial Close
Permanent Captial Vehicle
Fund Term
ZAR 1.8bn
Initial Commitments
Equity in sub-Saharan Africa
Target Assets and Region
Portfolio Companies of Revego Africa Energy Fund
- 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)
Wind
140MW
June 2021
December 2017
Mainstream Renewable Power
- Loeriesfontein 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)
Wind
140MW
June 2021
December 2017
Mainstream Renewable Power
- Noupoort Wind Farm is located near the town of Noupoort 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)
Wind
80MW
June 2021
July 2016
Mainstream Renewable Power
- Aurora Wind Power is located in Vredenburg in the Western Cape province of South Africa
- The project was constructed as part of the Bid Window 2 of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP)
Wind
94MW
September 2022
July 2105
Engie Energy International
- Konkoonsies Solar Power is located near Pofadder in the Northern Cape province of South Africa
- The project was constructed as part of the Bid Window 1 of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP)
Solar Photovoltaic
11MW
August 2022
March 2014
GlobelEq
- Aries Solar Power is located in the Kai Garib municipality in the Northern Cape province of South Africa
- The project was constructed as part of the Bid Window 1 of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP)
Solar Photovoltaic
11MW
August 2022
March 2014
GlobelEq
- Soutpan Solar Power is located in the small farming town of Vivo, in the Limpopo province of South Africa
- The project was constructed as part of the Bid Window 1 of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP)
Solar Photovoltaic
30MW
August 2022
March 2014
GlobelEq
- Bokpoort Concentrated Solar Power Plant is located near Groblershoop in the Northern Cape province of South Africa
- The project was constructed as part of the Bid Window 2 of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP)
Concentrated Solar Power
50MW
March 2021
March 2016
ACWA Power
- Kathu Solar Park is located in Kathu in the Northern Cape province of South Africa
- The project was constructed as part of the Bid Window 3.5 of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP)
Concentrated Solar Power
100MW
October 2022
January 2019
Engie Energy International
- Springbok Solar Plant is located in the Free State in South Africa
- This groundbreaking Solar PV plant will be the first utility scale plant to sell power to multiple off-takers across South Africa, ensuring commercial and industrial clients can achieve energy cost reductions whilst meeting their sustainability targets
Solar PV
150MW
December 2023
September 2025
SOLA Group
Sustainability is core to Revego’s mission and approach. Each project that Revego invests in supports socio-economic development by investing in local communities in terms of their community needs analysis. The projects enhance the participation of the wider communities, helping to transform the lives of marginalised groups in South Africa
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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