Inspired Evolution Investment Management (Pty) Ltd

FUND MANAGER DETAILS
Year Fund Started 2008
Type of Fund Manager Independent
Regulatory License Number 36246
Total Number of Investments to Date 13
Number of Investment Executives 2 Managing Partners, 3 Principals, 1 Financial Manager, 5 Support Staff, 1 non-executive IC chairman
Principal Office Address 506 Sunclare Building, 21 Dreyer Street, Claremont, 7708 , Cape Town , South Africa
Key Contact Person and Designation Christhoper Clarke, Guy Baxter
BEE Ownership
Company Description Inspired Evolution established in 2007 as a specialised investment advisory business dedicated to two principle investment themes: clean energy infrastructure-type development and project finance investments; and energy and resource efficiency growth investments – and the value chains that support them.
Telephone +27 (0)21 702 1290 / +27 (0)21 180 4317
E-mail info@inspiredevolution.co.za
Website www.inspiredevolution.co.za
FUND DETAILS
Name of Fund Evolution One Fund
Committed Capital of Fund USD94 million
Fund Structure Limited Partnership (parallel structures)
Nature of Fund Clean energy and resource efficiency
Number of Portfolio Companies 12
INVESTMENT PREFERENCES
Minimum Investment USD2 million
Maximum Investment USD200 million plus (with co-investment rights)
Average Current Investment Size USD100 million-USD150 million
Industry Preference
  • Agriculture & Forestry & Fishing
  • Energy
  • Water & Sanitation
Industry Excluded
  • Gambling
  • Military services & Arms
  • Real Estate / Property
  • Tobacco & Alcohol
Investment Stage Preference
  • Early-Stage
  • Expansion
  • Growth / Development Capital
Investment Stage Excluded
  • Late stages
  • Buyout
  • Venture Capital
Minimum and Maximum Equity Usually Taken Significant minority 25,1% to control positions (may dilute in larger project finance investments)
Geographical Preferences
  • Sub-Saharan Africa


FUND DETAILS
Name of Fund Evolution II Fund
Committed Capital of Fund USD 124.5 million (current) | USD250 million (target 28 Sept 18)
Fund Structure Mauritian Limited Partnership
Nature of Fund Clean energy infrastructure development & finance | growth equity in energy and resource efficiency
Number of Portfolio Companies Expected 10-15
INVESTMENT PREFERENCES
Minimum Investment USD2 million
Maximum Investment 15% of Total Committed Capital. Est USD25 million (but larger co-investments).
Average Current Investment Size USD15-25 million average (expected)
Industry Preference
  • Agriculture & Forestry & Fishing
  • Energy
  • Water & Sanitation
Industry Excluded
  • Gambling
  • Military services & Arms
  • Real Estate / Property
Investment Stage Preference
  • Early-Stage
  • Expansion
  • Growth / Development Capital
Investment Stage Excluded
  • Late stages
  • Buyout
  • Venture Capital
Minimum and Maximum Equity Usually Taken 25% - 75% equity interests
Geographical Preferences
  • Sub-Saharan Africa