(SOUTHBRIDGE INVESTMENTS ) - Southbridge Investments and On.Capital are pleased to announce the formation of a strategic joint venture to manage a USD 100 million Fund: The Energy Go-Getters Fund. This pioneering initiative is aimed at accelerating universal energy access and climate resilience across the African continent, with a particular focus on underserved countries. The collaboration brings together the expertise and resources of two prominent firms, with a shared commitment to driving innovative sustainable energy solutions and fostering inclusive economic growth.
The Energy Go-Getters Fund will target investments in a wide spectrum of energy access businesses, ranging from early-stage startups with promising technologies to mature companies poised for expansion. By harnessing the power of clean and renewable energy sources, the fund aims to contribute to Africa's sustainable development goals while generating attractive returns for its investors.
"We believe that Africa has tremendous opportunity to harness its vast resources in renewable energy to meet its energy, jobs and carbon objectives and deliver a brighter and more sustainable future for its people. This joint venture with On.Capital not only exemplifies our dedication to responsible investing but also showcases our confidence in Africa's potential as a global leader in the renewable and digital energy sector." said Dr. Frannie Léautier, CEO of Southbridge Investments.
"Through the Energy Go-Getters Fund, we provide the much-needed early stage and scale-up equity to energy access champions, especially in underserved markets. As Go-Getters, we are on the ground, alongside our entrepreneurs, determined to overcome new and difficult situations. We’ll Go-Get universal access to energy done ! We are excited to embark on this journey with Southbridge Investments, as we pool our resources and collective expertise to continue driving innovation, job creation, and environmental stewardship across the continent." said Emmanuel Beau, CEO of On.Capital and founding Partner of Energy Access Ventures, a USD90 million smart infrastructure fund.
Both Southbridge Investments and On.Capital have a proven track record of successful investment strategies, value creation and an unwavering commitment to responsible business practices. This joint venture solidifies their dedication to driving positive impact through sustainable investments.
The launch of a dedicated fund management platform marks a significant milestone in the partnership between Southbridge Investments and On.Capital, as they work together to accelerate Africa's journey towards a more sustainable energy landscape.
About SouthBridge Investments
SouthBridge Investments (SBI) is the investment and asset management arm of SouthBridge Group, a Pan-African advisory and investment company with offices in Abidjan, Casablanca, Kigali, London and Paris. The firm is led by seasoned professionals comprising its founders Donald Kaberuka and Lionel Zinsou, and including its CEO Frannie Leautier, and COO Emeryc Kpenou. SBI aims to provide a uniquely Pan-African investment service with on the ground operating experience. It directly manages a range of investment vehicles, fully dedicated to African markets. SBI also advises partners and clients on investment issues and opportunities on the continent. SBI’s overarching goal is to be actively involved in the realization of African potential by channeling investments to unique opportunities. It differentiates itself through specific features including an unparalleled team with some of the most experienced professionals within the African investment industry bringing and exceptional network in Africa and across the globe. It provides a premium access to deal flow in all regions of the continent, and a strong emphasis on creating value over the long-term.
About On.Capital SAS: Smart Capital for Peace and Prosperity
On.Capital is a Paris-based advisory, fundraising, and investment company, founded to unleash capital, talent, and innovation in frontier markets. Selected as Climate Champion for its work on climate resilience by the Boston Consulting Group for the COP27, On.Capital received the support from United Nations Environment Program Seed Capital Assistance Facility for the fundraising of the Energy Go-Getters fund. On.Capital specializes in smart infrastructure and responsible commodities for impact.