Pembani Remgro to launch second infra fund

South African fund manager Pembani Remgro Infrastructure Managers is set to launch its second such fund with a $300 million target size.

The European Investment Bank (EIB) is considering a commitment equal to 20% of this total.

Pembani Remgro reached final close on its first fund – the $500 million Fund I – in Q3 2016, little over a year after its first close (May 2015).

The sequel Fund II will also target green and brownfield projects across the energy and infra spheres, including the following sectors in Sub-Saharan Africa:

  • power and energy transition (specifically renewables)
  • telecoms
  • transport
  • water

The EIB is currently in the appraisal stage of its potential $60 million commitment. The European DFI was approached for comment, but had not replied by the time of publication.