ELIPSIS is the product of a partnership between FirstRand and UNCDF that seeks to facilitate a significant increase in Climate/Green Infrastructure investments in Africa. Through its innovative approach of sharing exposures to Climate/Green Infrastructure assets in sub-Saharan Africa (SSA) with institutional investors, ELIPSIS will become a principal facilitator of the efficient recycling of private and developmental capital.

ELIPSIS was created in order deliver significant development impact by crowding institutional investors, both foreign and domestic, into listed securities.

ELIPSIS is one of the finalists of the Investment Product Competition launched by the Foreign, Commonwealth & Development Office (FCDO) as part of the “Mobilising Institutional Capital Through Listed Product Structures” (MOBILIST).

FCDO intends to back the five finalists, as well as other finalists in subsequent competitions, at the conclusion of a successful commercial negotiation.

ELIPSIS will source exposures to Climate/Green Infrastructure assets and, using securitisation techniques, share the exposures with institutional investors by listing debt securities on the Johannesburg Stock Exchange (JSE) and the London Stock Exchange (LSE).

The successful execution of several securitisation transactions, which may be either traditional or synthetic, will prove the viability of the platform’s business model. At that point, ELIPSIS’s ordinary shares will be listed on the JSE and the LSE.

As a consequence, ELIPSIS will crowd institutional investors both into listed debt securities and into itself, facilitating the recycling of capital on two different levels. ELIPSIS can be either replicated on other continents or granted a global mandate. Moreover, its focus can be expanded from Climate/Green Infrastructure to Sustainable Infrastructure or even to other themes with high developmental impact.

Please find more about ELIPSIS in the Brochure