Maia Capital, a boutique impact investment firm, has announced a partnership with Nedbank Corporate and Investment Banking (CIB) to invest in Green Climate Ventures (GCV) to promote digital access and energy infrastructure.
The company also intends to advance South Africa’s energy mix by promoting the enhancement of clean and reliable energy sources.
The R125-million transaction deal has been invested through the Maia Debt Impact Fund 1 – Maia’s maiden impact fund, which began investing in projects and companies in December 2021.
The investment by Maia Capital forms part of a R1.5-billion preference share facility facilitated by the Nedbank CIB, and provided to GCV.
GCV is a wholly owned subsidiary of New GX Capital, an investment holding company founded by Khudusela Pitje.
With his vision, Pitje has made his intension known. He wants to focus on boosting the country’s economic prospects by creating jobs in the country and on the continent.
Pitje said: “The investment into GCV is enabling our business to reposition itself and to participate in bridging the infrastructure gap in sectors that are critical to unlocking economic growth for South Africa.
“We are focusing on bringing an economic boost for the country through our model of business, where we invest in various businesses to create a sustainable economy for our country.
“These investments contribute towards closing the infrastructure gap, which is funded by private capital.”
GCV’s asset portfolio includes interests in digital and clean energy infrastructure assets with leading brands such as Sustainable Power Solutions forming part of the portfolio exposure, with plans to invest in water, utility management and digital infrastructure value chain.
Pitje is committed to changing the fortunes of people and businesses throughout the country and on the continent.
His vision is to build a successful country and a better Africa.
Maia Capital’s managing partner Dinao Lerutla said: “Maia Capital is excited about the partnership with Nedbank CIB and New GX. The parties share a common interest in directing capital towards investments that generate a high positive impact.
“We are very pleased to have invested in GCV as it aligns with our impact philosophy allowing Maia Capital to establish a long-term relationship with parties that share the same investment ethos.”
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