The Bayakha Transformational Infrastructure Fund expects to make equity and empowerment financing / structured equity investments into eight to ten qualifying, brownfield and late-stage greenfield renewable energy and other socio-economic infrastructure projects (such as water, transport, social housing, schools and hospitals) in South Africa (SA), primarily, and to a lesser extent, select parts of Sub-Saharan Africa (SSA).
Key characteristics of the Fund include firstly its indefinite lifespan, and secondly the ability of Investors to unilaterally subscribe for or redeem their investments at regular intervals pursuant to the withdrawal mechanics. Investors will also generally be free to transfer their interest on the secondary market.
In South Africa, the Financial Services BBBEE Codes (2016) recognise that investment in infrastructure contributes to economic growth and development, not only through infrastructure improvement, but also in the development and transformation of capital markets and thus the financial sector itself. Thus, the term Transformational Infrastructure now forms part of the local