Evolution II
Evolution II is a 10-year closed-ended fund with a mandate for equity and equity-related investments into two principle investment streams: development and project finance infrastructure-type investments in clean and sustainable energy; and growth equity investments in energy and resource efficiency companies, and the value chains that support them.
Evolution II achieved its second closing on 28 March 2018 having raised USD124.5 million from seven international investors. Evolution II is targeting USD250 million for a final closing by end of September 2018.
Evolution II targets sub-Saharan African countries where growth prospects, ease of doing business, policy and regulatory certainty, and political stability and bankability offer compelling investment opportunities.