Inspired Evolution

FUND MANAGER DETAILS
Year Fund Started 2008
Type of Fund Manager Independent, Large
Regulatory License Number 36246
Total Number of Investments to Date 19
Number of Investment Executives 2 Managing Partners, 2 Partners, 4 Principals, 1 Head of Finance, 6 Support Staff, 1 non-executive IC Chairman
Principal Office Address 506 Sunclare Building, 21 Dreyer Street, Claremont, 7708 , Cape Town , South Africa, London, Mauritius, Abidjan, Nairobi
Key Contact Person and Designation Christhoper Clarke, Wayne Keast
BEE Ownership
Company Description Inspired Evolution established in 2007 as Africa’s trusted specialised climate-driven investment advisory business dedicated to two principal 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
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
Stage of Fund Closed
Committed Capital of Fund USD 216 million
Fund Structure Mauritian Limited Partnership
Nature of Fund Clean energy infrastructure development & finance | growth equity in energy and resource efficiency
Number of Portfolio Companies 7
INVESTMENT PREFERENCES
Minimum Investment USD2 million
Maximum Investment USD 32.4 million (single investments) | USD43 million (platforms)
Average Current Investment Size USD16.5 million
Industry Preference
  • Mining and mining related
  • Agriculture & Forestry & Fishing
  • Construction & Building Products
  • Energy
  • Financial & Insurance
  • Industrial Products and Services
  • Logistics & Packaging
  • Manufacturing
  • Telecommunications
  • ICT
  • Transportation
  • Water & Sanitation
  • Infrastructure
Industry Excluded
  • Food & beverage
  • Gambling
  • Military services & Arms
  • Real Estate / Property
  • Tobacco & Alcohol
Investment Stage Preference
  • Early-Stage
Investment Stage Excluded
  • Late stages
  • Buyout
  • Venture Capital
Minimum and Maximum Equity Usually Taken 25% - 75% equity interests
Geographical Preferences
  • Sub-Saharan Africa