Investment Advisory
We further leverage our unique industry expertise as a Fund Advisor to the USD 120 million Energy Entrepreneurs Growth Fund (EEGF), managed by Triple Jump. Initiated in 2019 by Shell Foundation and FMO, the EEGF provides catalytic financing for early and growth stage companies in Sub Saharan Africa operating in the access to energy ecosystem. Persistent provides pipeline opportunities, advice on origination and due diligence, as well as hands-on operational support to investees in order to help them transition into the next stages of development.
In partnership with Triple Jump B.V. and GreenMax Capital Advisors, Persistent’s expertise is also drawn upon to run the Crowdlending Window of the Clean Energy and Energy Inclusion for Africa Foundation (CEI Africa). The aim of the EUR 49 millionFoundation, set up by KfW on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), is to supply climate-friendly electricity for people in sparsely populated areas of Sub-Saharan Africa.
On behalf of US non-profit firm ImpactAssets, we also manage the USD 5 million ImpactAssets Emerging Markets Climate Fund, created in 2012 to support early stage off-grid energy companies in underserved markets in Africa.