Innpact partners with Camco to launch the $185 million REPP 2 fund investing in Africa’s clean energy transition

Innpact Fund Management S.A., through its Impact Finance Management Platform, is proud to support the Camco’s REPP 2 Fund that just published its first close on the 9^th of December.  Climate and impact fund manager Camco has reached first close on USD 107 million for its new REPP 2 debt fund to invest in the African grid of the future, with a further USD 78 million committed subject to conditions. See official press release.

With backing from the Green Climate Fund (GCF), Norfund, FMO, BIO, Ceniarth and the Renewable Energy Performance Platform (REPP), which is funded by UK International Development, the achievement marks a significant milestone in Camco’s commitment to leading the transition to a net zero future in emerging markets.

REPP 2 is a pioneering fund aimed at delivering significant climate, economic and gender impacts while ensuring sustainable returns for investors in Africa’s fast-growing market for renewables. The fund is structured as a blended finance vehicle to leverage public and private investors to invest in Sub-Saharan Africa’s distributed and small-scale renewable energy market. In doing so, REPP 2 is supporting the decarbonisation of the African energy system while contributing directly towards closing the USD 22 billion annual investment gap needed to meet SDG7 and deliver reliable electricity access to all.

Innpact Fund Management S.A. is the Alternative Investment Fund Manager (AIFM) of the REPP 2 fund and has been closely working with Camco during the year and the set-up stage of the fund.

We look forward to our continued collaboration with Camco in order to successfully continue deploying the fund to achieve its objectives.

How we can help you

Innpact is a leading Impact Finance Management Platform providing advisory and third-party fund management services as well as other ancillary services. Our AIFM provides Risk Management, Compliance, Portfolio Management, Reporting and Pre-Marketing and Marketing services for its clients. Contact our AIFM team for further information.

The content of this press release is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of REPP 2 or any investment product. For more information please contact repp2-innpact@innpact.com.