FMO proposes investment in Inspired Evolution fund

The Dutch entrepreneurial development bank FMO has disclosed a proposed $40 million investment in the Evolution III Fund (EVIII), a pan-African private equity fund focused on investments in renewable and sustainable energy infrastructure, energy access, and energy and resource efficiency solutions that forge climate-resilient development pathways for Africa’s future.

EVIII has a target fund size of $400 million and is advised by Inspired Evolution Investment Management. Established in 2007, Inspired Evolution is a South Africa based climate impact fund investment advisor that has proven regional development and investment experience in the clean energy, energy and resource efficiency space.