Stonechair Capital announces operating partner for African energy fund
Posted on: 24 June, 2020 at 8:23 AM
Stonechair Capital and CPCS are partnering to accelerate energy access in Africa via the former’s #EnergyAfrica Fund – a private equity fund targeting $300 million of sub-Saharan energy investments.
“It is my pleasure to announce that Stonechair’s operational implementations are expanded by the partnership with CPCS,” says Chris McLean, CEO of Stonechair Capital. “Stonechair is known for its innovative look at African energy, and this partnership offers strong support for this implementation.”
CPCS was chosen as the operating partner to manage the energy investments. Its combination of expertise in the energy industry, track record of managing investment portfolios and rich local experience make it a strong choice to partner with.
“CPCS’s approach to operations and reporting advocates open and connected systems throughout the development lifecycle,” adds McLean.
“CPCS is excited to partner with Stonechair Capital on the #EnergyAfrica Fund and support its initiative to provide access to energy through catalytic investments into many underserved regions on the continent,” says Amit Modi, managing director of CPCS’ infrastructure development unit. “CPCS is looking to pioneer the 0perational partnership model in Africa and grow its presence as trusted infrastructure advisors for private sector clients.”
Stonechair Capital develops and manages private equity energy funds designed to invest long-term institutional unlisted equity in African energy projects.
CPCS is a global management consulting firm specialising in infrastructure.
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