- First close reaches R5 billion with long term target of R18 billion.
- Capital already deployed into 14 renewable energy assets under REIPPPP.
- Fund expands into decentralised energy, green hydrogen, batteries and EV infrastructure.
Stanlib Asset Management has announced the first close of its Khanyisa Energy Transition Fund, raising R5 billion to accelerate investment into South Africa’s evolving energy landscape.
The fund, which has a long term capital raising target of R18 billion, has already begun deploying capital. Investments have been made across 14 operational assets within the Renewable Energy Independent Power Producer Procurement Programme, signalling immediate traction in the country’s established renewable energy procurement framework.
Beyond utility scale renewables, the fund is broadening its investment scope to include decentralised energy solutions such as rooftop solar, alongside emerging sectors including critical minerals, green hydrogen, battery technologies and electric vehicle infrastructure. This positions the fund to capture value across the full energy transition value chain.
The initiative was launched in November 2023 with seed backing from Standard Bank and Liberty Holdings, anchoring early investor confidence.
Structured as a credit focused investment vehicle, the fund targets assets with predictable cash flows and relatively lower risk profiles. This approach is designed to appeal to institutional investors such as retirement funds, life insurers, development finance institutions and fixed income asset managers seeking diversification within their portfolios.
Managed by Stanlib’s Fixed Income Private Markets team, the Khanyisa Energy Transition Fund aims to deliver stable financial returns while supporting broader socio economic development objectives in South Africa’s energy sector.
Author: Bryan Groenendaal
