IDEAS Managed Fund

FUND SIZE

ZAR13 622 million

FUND CLOSE

Open-ended fund

DESCRIPTION

The IDEAS Fund is one of South Africa’s largest domestic infrastructure equity funds and invests in economic infrastructure (roads and railways), social infrastructure (housing and public private partnerships) and renewable energy infrastructure (solar and wind projects) in the SADC region. While infrastructure investments are vital for economic growth and have tangible social and environmental impacts, the fund targets investments with potential to deliver strong long-term returns and simultaneously seeks to meet both social and environmental objectives.

Founded in 1999, the Infrastructural, Developmental and Environmental Assets Managed Fund (IDEAS Fund) is a linked investment policy-based, pooled portfolio product of Old Mutual Life Assurance Company (South Africa) (OMLACSA).

INVESTMENTS

Orionis, South Africa
49% interest in a 56MW solar PV facility

DC Go, South Africa
interest in an off-grid solar energy solution company

Bokamoso, South Africa
50% interest in a 75MW AC solar PV facility

Waterloo, South Africa
50% interest in a 75MW AC solar PV facility

Droogfontein 2, South Africa
50% interest in a 75MW AC solar PV facility

Greefspan 2, South Africa
50% interest in a 55MW AC solar PV facility

Zeerust, South Africa
50% interest in a 75MW AC solar PV facility

De Wildt, South Africa
50% interest in a 50MW AC solar PV facility

Kangnas, South Africa
20% interest in a 140MW wind farm

Perdekraal East, South Africa
20% interest in a 110MW wind farm

Roggeveld, South Africa
25% interest in a 147MW wind farm

Umoya, South Africa
34% interest in a 67MW wind farm

Jeffreys Bay, South Africa
21% interest in a 138MW wind farm

Metrowind, South Africa
34% interest in a 27MW wind farm

Noupoort, South Africa
25% interest in a 81MW wind farm

Loeriesfontein, South Africa
25% interest in a 140MW wind farm

Khobab, South Africa
25% interest in a 140MW wind farm

TRAC, South Africa
12% interest in a 570km toll road

N3TC, South Africa
19% interest in a 415km toll road

Bakwena, South Africa
9% interest in a 385km toll road

Rainprop, South Africa
87% interest in a government office complex (DTI)

Lesedi, South Africa
34% interest in a 69MW solar PV facility

Letsatsi, South Africa
34% interest in a 69MW solar PV facility

Kalkbult, South Africa
10% interest in a 73MW solar PV facility

Herbert, South Africa
49% interest in a 20MW solar PV facility

Aurora, South Africa
49% interest in a 10MW solar PV facility

REISA, South Africa
29% interest in a 75MW solar PV facility

Greefspan, South Africa
49% interest in a 10MW solar PV facility

Vredendal, South Africa
49% interest in a 10MW solar PV facility

Linde, South Africa
10% interest in a 38MW solar PV facility

Bloemfontein Correctional Contracts, South Africa
20% interest in a Mangaung Maximum Security Prison

Imvelo, South Africa
30% interest in a green government office complex (DEA)

Sethekgo, South Africa
100% interest in a government office complex (DoBE)

Kakamas, South Africa
35% interest in a 12MW hydroelectric project

ACSA, South Africa
0.5% interest in an airport network (ACSA)

Matola, Mozambique
12% interest in a gas pipeline concession between SA and Mozambique

Gigawatt, Mozambique
15% interest in a 118MW thermal power station

NLPI
12% interest in railway concessions, Zimbabwe 

Cookhouse, South Africa
46.36% indirect interest in a 139MW wind farm

REALISED INVESTMENTS

Neotel, South Africa
2% interest in a fixed-line telecommunications company

Ucingo, South Africa
12% interest in a telecommunications investment

Kelvin, South Africa
18% interest in a 600MW coal-fired power station

NLP, Zimbabwe
20% interest in a toll bridge across the Limpopo river