Evolution One Limited Partnership

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Evolution One LP (Evolution One or the Fund) is a specialist private equity fund that plans to make investments in ‘sustainability’ businesses in targeted countries within the Southern Africa region. Sustainability encompasses clean technologies like renewable and alternative forms of energy generation, energy efficiency technology, water purification and water quality management, waste management, eco-tourism, green real estate and carbon credits. The Fund, which will be denominated in South African Rand, is seeking equity commitments of up to Rand 1 billion (~ $140.8 million) from local and international investors. Evolution One intends to be the pioneer fund providing risk equity capital to sustainability businesses in its target countries: - South Africa where up to 75% of total committed capital will be invested; and - countries within the Southern Africa Development Communities (SADC) such as Mozambique, Zambia, Angola, Lesotho and Swaziland. The Fund will invest in a number of high-growth investment sub-sectors including clean energy and energy efficiency, emissions control, water and waste management and green real estate.