https://www.engineeringnews.co.za
Africa|Construction|Energy|Housing|Infrastructure|Renewable Energy|Renewable-Energy|Sustainable|Environmental|Infrastructure
Africa|Construction|Energy|Housing|Infrastructure|Renewable Energy|Renewable-Energy|Sustainable|Environmental|Infrastructure
africa|construction|energy|housing|infrastructure|renewable-energy|renewable-energy-company|sustainable|environmental|infrastructure

RH Managers to raise R2bn to boost social, energy infrastructure in South Africa

23rd August 2023

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Johannesburg-based private equity and infrastructure investment firm RH Managers (RHM) is on a fundraising drive for a R2-billion social impact fund to boost South Africa’s healthcare and energy infrastructure.

Although far more developed than many of its African peers, latest statistics indicate that South Africa will have an infrastructure investment gap of R4.8-trillion by 2030 unless it increases investment in infrastructure to meet the targets set under the National Development Plan, the country’s development blueprint, the firm points out.

RHM says that, through its array of infrastructure funds, it intends to fill the chasm, off the back of increasing quality healthcare, affordable housing and reliable energy demand.

The fund’s mandate is to invest in social infrastructure encompassing healthcare, housing and renewable energy, thereby making them more accessible and affordable to the greater population of South Africa.

RHM, with a pool of investors from both local and international limited partners, is the second largest black private equity firm by assets under management (roughly R5-billion) in South Africa.

The firm plans to have the fund’s first close in December this year and the second close of the fund is earmarked for June 2025.

The launch of Fund 3 follows RHM having previously launched and achieved success in three healthcare funds that raised over R5-billion in debt and equity capital to date.

RHM says it seeks to incorporate sustainable finance and environmental, social and governance considerations in its investment decisions to enable improved outcomes for society and returns for investors.

The RHM team is said to have amassed extensive experience in identifying and structuring acquisition opportunities, in both the green, brown, and later stage investment areas. These investments have involved sourcing investment capital (leverage and equity), construction and commissioning processes. 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (24/05/2024)
24th May 2024 By: Martin Creamer
Magazine round up | 24 May 2024
Magazine round up | 24 May 2024
24th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.372 0.428s - 153pq - 2rq
Subscribe Now