- Fund reaches first close at R5bn, targeting R18bn over the next three to five years.
- Capital directed toward South Africa’s just energy transition across infrastructure and clean energy assets.
- Early portfolio includes 14 operational projects under the REIPPPP.
STANLIB Asset Management, the asset management arm of Standard Bank Group, has announced the first close of its Khanyisa Energy Transition Fund, raising R5bn, equivalent to about US$282m, in March 2026.
The fund has secured strategic backing through seed capital provided by Standard Bank Group and Liberty Holdings, signalling strong institutional support for energy transition investments in South Africa.
Khanyisa Energy Transition Fund is designed to channel capital into energy and infrastructure projects that support a just transition. The portfolio already includes 14 operational assets developed under the Renewable Energy Independent Power Producer Procurement Programme, demonstrating early deployment into proven renewable energy platforms.
STANLIB intends to scale the fund to R18bn over the next three to five years, targeting increased participation from institutional investors. The investment strategy spans renewable energy generation, decentralised energy solutions, green hydrogen, and electric mobility infrastructure, reflecting a broad approach to decarbonisation.
The fund is aimed primarily at retirement funds, life insurers, and development finance institutions seeking risk adjusted returns through credit instruments, while supporting South Africa’s transition to a lower carbon energy system.
Author: Bryan Groenendaal
