Home Evolution II LP Evolution II LP In brief Evolution II is a 10-year closed-ended fund with a mandate for equity and equity-related investments into two principal investment streams: development and project finance infrastructure-type investments in clean and sustainable energy and growth equity investments in energy and resource efficiency companies and the value chains that support them. Main development impact The Fund is expected to create a positive development impact by mitigating power shortages in Sub-Saharan Africa. The main direct impact will come from job creation, tax revenues, and power production. Investment details Name: Evolution II LP Project number: 80000051 Region: Africa Country: Africa Sector: Energy Signing date (month/year): June 2018 Currency: USD Finnfund's financing (commitment): 15,000,000 Instrument: Fund Share of Finnfund's financing (%): 14,63 % Status: Active Website: https://inspiredevolution.co.za/funds/evolution-two-fund/ Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year. Companies financed by the fund Name Sector Region Country Alten Development Other manufacturing Africa Sub-Saharan Africa Alten Hardap Solar power Africa Namibia Alten Kesses Solar power Africa Kenya Commercial Energy SA Retail trade Africa South Africa d.light Banks and finance Africa Sub-Saharan Africa Escotel Mauritius Solar power Africa Burundi General du Solaire Solar power Africa Nigeria Gigawatt Global Burundi SA (Mubuga Solar) Solar power Africa Nigeria ManoCap Energy Solar power Africa Sub-Saharan Africa Red Rocket Holding Other manufacturing Africa Sierra Leone and Liberia Rensource Holdings Inc Electric power generation Africa Senegal Sabi Holding Technical services Africa Burundi Virtus Energy Solutions Limited Electric power generation Africa Ghana and Sierra Leone Read our transparency and disclosure policy More information: Ajankohtaista ja julkaisut Nykyiset investoinnit Toimialat Yhteystiedot Key facts Name: Evolution II LP Sector: Energy Region: Africa Country: Africa Currency: USD Finnfund's financing (commitment): 15,000,000 Signing date (month/year): June 2018 Last update: May 2023