Infra Impact selects Prescient for Fund 1 administration
Infra Impact Investment Managers Proprietary (Infra Impact) has selected Prescient Fund Services Proprietary as administrator for its first infrastructure fund, the Infra Impact Mid-Market Infrastructure Fund 1.
The fund aims to provide growth capital for South African-focused midmarket infrastructure businesses. Infra Impact typically secures significant minority stakes in investee companies and projects and have a focus on the water, waste, green energy, telecommunications infrastructure and related sectors. The Infra Impact Mid-Market Infrastructure Fund 1 has been seeded by Thuso Incubation Partners, a South African dedicated black-majority-owned private equity incubator. The fund has embedded BBBEE and ESG principles.
Impact investment outcomes include job creation, addressing Sustainable Development Goals, reduction of CO2 emissions, clean water and sanitation, green energy and access to telecommunications services.
