Moshesh Partners lands initial commitments for first fund

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Investors have started backing a new renewable energy and clean infrastructure fund sponsored by Moshesh Partners, a South Africa-based private equity firm that started operations in the latter part of last year. The amount of capital committed to the fund so far was not immediately available, although Moshesh Partners’ final goal for the fund is to raise R2 billion (or approximately $137 million at current exchange rates) by the end of next year.

According to the private equity fund manager’s website, Renewable Energy & Clean Infrastructure Fund I will build a portfolio of large-scale renewable energy projects, embedded and distributed generation assets along with alternative and clean infrastructure investments such as telecoms, transportation, and social infrastructure within sub-Saharan Africa. The fund is reportedly aiming to deliver its LPs a return of between 16% and 18% from the deals it makes.

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