Source Capital is an independent advisory and private equity boutique founded in 2015, focused on investment activity in energy and general private equity across Portuguese-speaking Africa, primarily in Mozambique and Angola.
Headquartered in Maputo with representation in Johannesburg, we have a uniquely positioned and focused team of professionals that combines energy, real-estate, financial markets and business development experience with an in-depth insight into local commercial and regulatory frameworks.
Source seeks to advise and/or co-invest in mid-size projects in our focus territories. Where possible, we commit time and seed capital to sourcing and catalysing these investments as an on-the-ground partner, and take a minority co-investment option in the resulting equity transaction.
We have partnered Actis, Globeleq and Experian (amongst others) in our projects to date.
We were active in the 2018 Baía Mall development, a US$96 million shopping centre and hotel development in Maputo. We are now co-investing Ignite Mozambique, a US$20 million solar home system business, and in the Cuamba Solar Project, a U$30 million Solar PV plant with battery storage, this first of its kind in Mozambique. Our energy pipeline contains five more advanced-stage projects with an aggregate value of approximately US$300 million.
We also make proprietary venture capital investments as minority equity partners in innovative growth businesses.