Lereko Metier Sustainable Capital Fund (LMSC) is a closed private equity fund that is managed by Metier Sustainable Capital. Metier is a leader in the facets of private equity, alternative assets, and related advisory services. The company, in being founded in 2003, raised South Africa’s largest private equity fund in terms of third party local commitments. Lereko, founded in 2004, is a black-led investment house to partner the dynamic transformation of the South African economy.
The with the combination of the Metier and Lereko franchises; Metier brings the proven operational excellence of a market-leading private equity investment management business, while Lereko provides a complementary balancing skill set of civil and community influence, additional deal flow and empowerment partnering necessary in their operating context. The Metier and Lereko principals have built an enduring understanding based on complementary and mutually supportive investment insights and networks. This combination has successfully driven the required deal flow referral, co-investing commitments, decision-making and governance for successful joint efforts in the private equity arena.
The fund targets investments that provide social and environmental benefits, and returns on financial capital. The fund combines the dual benefit of leveraging an established private equity house and a focused team with a leading renewables, development and clean/green track record in the region. The investment mandate includes projects for renewable energy and growth capital investments in other resource efficiency sectors, with unique team skills, experience, and networks allowing for an attractive proposition to entrepreneur teams and an exciting new category for investors. The fund has invested in the 50MW Bokpoort concentrated solar power (CSP) plant in the Northern Cape. This is the largest project in the second round of FMO Energy’s Renewable Energy Independent Power Procurement Programme (REIPPP). In a second completed investment LMSC joined as an equity partner with solar photovoltaic developer AE-AMD, which successfully closed two projects under the first round of the REIPPP. The fund has also partnered in three selected wind projects in the third round of the REIPPP.
Lereko Metier raised R690 million for the final closing of its pioneering Lereko Metier Sustainable Capital fund (LMSC), to make investments in the renewable energy, energy efficient, water and waste management sectors. The fund exceeded initial targets and received support from benchmark local and global institutions.
Contact us for more information on funding through The Lereko Metier Sustainable Capital Fund.