Infrastructure equity
Control and significant minority positions with clear governance rights and defined value-creation priorities.
Investment strategies
Patient capital for essential systems.
Fund I is being designed for selected infrastructure equity, structured capital and special situations where active governance may improve resilience and performance.
Fund I · preliminary profile · 4 September 2026
A proposed South African mandate.
All parameters remain subject to legal, tax, regulatory, governance and investor approval and definitive fund documentation.
R1.0–2.5bnPreliminary target fund size
R500m–R1.0bnPreliminary first-close target
4 yearsProposed investment period
10 yearsProposed base term
Real-economy focus
Investment judgement begins at the operating asset.
Demand, construction, technology, counterparty, environmental and stakeholder risks must be connected to the capital structure and the rights available when performance moves outside plan.
Capital solutions
Flexible instruments. Explicit risk discipline.
Instrument selection follows the asset's cash-flow profile, control requirements and downside protections—not a predetermined product.
Structured capital
Debt and hybrid solutions shaped around contracted or visible cash flows, covenants and downside protection.
Special situations
Turnaround and remediation opportunities with a credible operating thesis and executable governance plan.
Priority lanes
Where structural need meets investable demand.
These are areas of current focus, not hard sector exclusions.
Energy, grid & transition
Transmission, renewable generation, storage and transition infrastructure that strengthen energy security.
Water & sanitation
Water reuse, reclamation, resource recovery and operating infrastructure with credible demand logic.
Transport & logistics
Freight corridors, terminals, rail and public-transport partnerships connecting production to markets.
Essential infrastructure
Selected municipal, social and enabling systems where stronger governance can unlock durable value.
Investment screen
Evidence before enthusiasm.
- Clear demand, revenue logic and route to procurement
- Credible sponsor and delivery capacity
- Defensible capital structure and risk allocation
- Governance rights proportionate to the risk
- Measurable economic, social or environmental outcomes
- Defined pathway to operational resilience and value realisation