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Fund geography
Emerging countries (256) / Africa (127) / Eastern Africa (50) / Burundi (2)
Energy Access Ventures invests in growing, entrepreneurial businesses in Sub-Saharan Africa addressing the lack of electrification in the region with new technology and innovative business models.
The fund is backed by Schneider Electric, the leading French multinational, and a number of public-sector investors. The Fund is partners of CDC Group – the UK Department for International Development (DFID), European Investment Bank, FISEA – PROPARCO, OFID, and AFD- FFEM.
EAV aims to transform lives and stimulate economic development across Africa by providing access to electricity for a million people by 2020.
Asset class
Fund status
Fund style
Financial description
Energy Access Ventures invests in growing, entrepreneurial businesses in Sub-Saharan Africa addressing the lack of electrification in the region with new technology and innovative business models. The Fund combines unique features around equity and debt, as well as hands- on technical assistance / expertise capacity
9 years
of track record
2015
the year funded
60,000,000 EUR
AUM
Interested in this fund?
Log in or create an account to request more information.
Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Asset manager
Key performance indicators
Fund overview
Asset manager: Energy Access Ventures
Product track record: Fund has 9 years of track record
Target IRR: 10%
Committed Capital: 42,000,000 EUR (Euro)
Target return category: Risk-adjusted market-rate of return
Fund domicile: France
Product status: Open - committed capital
Style/Stage: Early Stage, Growth Stage
Inception year: 2015
Vintage year: 2015
Target region: Africa, Burundi, Eastern Africa, Emerging countries
Target close date: 01/02/2015
Product term: n.a.
Assets under management: 60,000,000 EUR (Euro)
Investment size: Min: 0; Max: 0; Avg: 2,000,000
Co-investment policy:
Currency of investments: EUR (Euro)
Currency for fund / product figures: EUR (Euro)
Fund investments to date: 0
Fund investments to date exited or repaid: 0
Management fee: 2.7%
Carried interest: 20%
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: Schneider Electric, CDC Group – the UK Department for International Development (DFID), European Investment Bank, FISEA – PROPARCO, OFID and AFD- FFEM
Limited Partner / Investor Type: n.a.
Contact
E-mail: info@eavafrica.com
Website: http://www.eavafrica.com/
Phone number: +254 705 721 145
If you wish to have your details removed from this database please email gdpr@impactyield.com
Dr Michael Gera
n.a.
Emmanuel Beau
Investment Manager
Impact Performance
n.a.
Impact thesis
The Energy Access Ventures Fund will provide long-term funding to support access to energy for the poorest populations by strengthening local energy infrastructure. The Fund will target smaller businesses in Africa that specialize in promoting low-carbon and low cost electricity access solutions in rural areas and close to main towns that cannot access regular finance. The EAV fund will transform lives and stimulate economic development across Africa by providing access to electricity for a million people by 2020.
With 587 million people without electricity access, Africa accounts for the largest share of un-electrified people. Access to electricity is the first incremental level of access to energy services to fulfill basic human needs.
As the Fund plans to provide electricity access to at least 1,000,000 low income individuals living in rural and peri- urban areas, it will only invest in businesses that are able to positively deliver direct and/or indirect access to energy for low income households, and related broader social impacts to local communities. For instance, such social impacts may be the number of jobs created in local communities, or the development of local entrepreneurs.
Impact Management
n.a.