Moshesh Partners Fund Management (Pty) Ltd (Moshesh Partners), a mid-market private equity firm has selected Prescient Fund Services (Pty) Ltd (Prescient) as the Fund Administrator to its first private fund.
The fund’s strategy is to invest in renewable energy and clean
At Moshesh we strive to be best in the market with respect to the Renewable Energy sector and securing the most attractive investment opportunities for our LPs.
Moshesh Partners has been seeded by Thuso Incubation Partners (Thuso), South Africa’s first dedicated black-majority-owned private equity incubator. In line with Thuso’s mission statement, the fund has embedded Broad-Based Black Economic Empowerment (B-BBEE) and Environmental, Social and Governance (ESG) principles.
“At Moshesh we strive to be best in the market with respect to the Renewable Energy sector and securing the most attractive investment opportunities for our LPs. As a result, we were looking to partner with a Fund Administrator who understood our vision and who had a demonstrable track record within the industry. With Prescient we believe we have found a partner who understands our business and will assist us in creating positive changes through our investments, and ultimately achieving our goal of a cleaner and brighter future,” explains Daniel Palm, Chief Investment Officer.
“At Prescient we are proud of our B-BBEE credentials, coupled with employing and developing the best financial services talent, as we strive to be the leading fund services provider in our core market,” said Hayden Reinders, Head of Business Development and Client Management at Prescient in Cape Town.
“We feel privileged to have been selected as a key partner to this Private Equity incubator programme and look forward to supporting Moshesh Partners operationally and strategically in this incredible initiative.”