South Africa-based Maia Capital invests in companies providing healthcare, social infrastructure, housing, clean energy and employment pathways to rebalance opportunity and wealth gaps caused by South Africa’s racist apartheid regime. Its latest deal is 150 million South African rand ($9.2 million) in mezzanine debt financing for Nesa Power, a commercial and industrial solar and battery storage developer. South Africa, a coal-dependent country, has long grappled with inconsistent power supplies, which is driving households and businesses to distributed renewable alternatives.
“Transactions such as these are important not only for Nesa Power, but for the broader South African economy,” said Nesa’s Israel Skosana II. “They demonstrate what can be achieved when ambitious businesses, committed management teams and long-term capital partners work together to invest in productive infrastructure and sustainable growth.” Funding for Nesa came from Maia’s 10-year impact debt fund – its first – which closed in 2024 with more than one billion rand and backing from South African pension funds.
Social impact
Maia’s prior deals include financing for Student Living Asset Management, a Johannesburg-based private equity firm focused on student housing. It made a 100 million rand investment in microfinance firm FinCredit to provide housing finance for low- to middle-income households. And it provided 125 million rand to Green Climate Ventures to promote renewable energy adoption. Its commitment was part of a 1.5 billion rand facility arranged in partnership with Nedbank.
