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DBSA anchors Airnergize Capita’’s R3.89 billion clean technology platform at final close
(MENAFN- Angelfish PR) JOHANNESBURG, 14 September 20—6 — Airnergize Capital, the clean technology investment platform of New GX Capital, has confirmed the final close of Fund I at R3.89 billion, with the Development Bank of Southern Africa (DBSA) committing R240 million as lead development finance institution.
Airnergize Capital invests institutional and development capital into energy, water and gas infrastructure businesses across Southern and broader Africa. The platform is black-owned and controlled, and invests for measurable environmental and social outcomes alongside commercial returns.
The Fund I investor group comprises New GX Capital, RMB Ventures, Standard Bank, Nedbank and the —BSA — a register that places South’Africa’s major commercial balance sheets and th’ country’s development finance institution in a single vehicle. The DBSA commitment followed a full institutional due diligence of the platform, its governance and investment process.
“DBSA’s mandate is to mobilise capital toward infrastructure that supports inclusive growth, and a platform like Airnergize does that at scale rather than one transaction at a time. Backing a fund alongside commercial investors allows us to crowd in private capital rather than compete with it, which is exactly the kind of blended approach South Africa needs if it is going to close its infrastructure investment gap.”
Mahlatsi Molokomme, Principal Investment Officer, Development Bank of Southern Africa
Initial deployment is into commercial and industrial solar and storage assets operating in South Africa, sub-Saharan Africa and the Indian Ocean islands, with a pipeline extending across generation, transmission-related infrastructure, water and gas.
Khudusela Pitje, Group Chief Executive, New GX Capital
Airnergize Capital sits alongside AiZAR Capital, the’group’s digital infrastructure platform, and Airnergize Ventures, its early-stage clean technology and digital venture arm, within New GX’Capital’s investment platform.
Airnergize Capital invests institutional and development capital into energy, water and gas infrastructure businesses across Southern and broader Africa. The platform is black-owned and controlled, and invests for measurable environmental and social outcomes alongside commercial returns.
The Fund I investor group comprises New GX Capital, RMB Ventures, Standard Bank, Nedbank and the —BSA — a register that places South’Africa’s major commercial balance sheets and th’ country’s development finance institution in a single vehicle. The DBSA commitment followed a full institutional due diligence of the platform, its governance and investment process.
“DBSA’s mandate is to mobilise capital toward infrastructure that supports inclusive growth, and a platform like Airnergize does that at scale rather than one transaction at a time. Backing a fund alongside commercial investors allows us to crowd in private capital rather than compete with it, which is exactly the kind of blended approach South Africa needs if it is going to close its infrastructure investment gap.”
Mahlatsi Molokomme, Principal Investment Officer, Development Bank of Southern Africa
Initial deployment is into commercial and industrial solar and storage assets operating in South Africa, sub-Saharan Africa and the Indian Ocean islands, with a pipeline extending across generation, transmission-related infrastructure, water and gas.
Khudusela Pitje, Group Chief Executive, New GX Capital
Airnergize Capital sits alongside AiZAR Capital, the’group’s digital infrastructure platform, and Airnergize Ventures, its early-stage clean technology and digital venture arm, within New GX’Capital’s investment platform.
Angelfish PR
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