Funding Database

Lereko Metier Sustainable Capital fund (LMSC)

The pioneering sustainable capital fund will make investments in the renewable energy, energy efficiency, water and waste management sectors.

Go to fund Website

Geographical Focus

Southern Africa

Technology/Sector Focus

  • Small Hydro
  • Geothermal
  • Wind
  • Solar
  • Biomass
Size of Investment
$10-50M
Target Return
25%
Total Fund Size
$120 M
Fund Structure

General Fund Information

Type of Investment

Equity

Investors of Fund

IFC, Lereko, FMO, DEG, South Africa PIC

Fund Information

Size of Investment

$10-50M

Target Return

25%

Sample Investee

50MW Bokpoort CSP (concentrated solar power) plant in the Northern Cape.

Additional Project Characteristics

Advanced companies at advanced stages, with bankable activities and proven technologies.

Additional FMC Info

Network/Partners

Seed Capital Assistance Facility (SCAF) led by UNEP.
CTI-PFAN

Location of Registration and HQ

South Africa

Primary Contact Information For Developers

Email. info@metier.co.za

Types of Financing

Equity

Acquiring control and significant minority positions in projects and businesses that fall within its intended sectors.

Technical Assistance / Grants

N/A

Debt Mezzanine

N/A

Guarantee / Insurance

N/A

Requirements for Financing

Project Requirements

Large scale, greenfield, construction, expansion and replacement for projects and acquisition and growth capital for companies.

CO-Funding Requirements

N/A

Target Impact

The Fund is expected to have significant development impact on its investees by:
i) Reduction of CO2 and other GHGs by investing in renewable energy and cleaner technology projects, thus contributing to a reduction in carbon emissions;
ii) Supporting business focusing on climate change and clean technology;
iii) Supporting regional developmental objectives and environmental commitments toward investment into clean and efficient energy, water and waste sectors;
iv) Stimulating job creation by supporting job growth in new sectors;
v) Implementing best practice ESG at both the Fund and investee level.

Due Diligence Requirements

Standard project documentation.

Detailed Description Of Funding Process Procedure

N/A