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“THE LAND IS SACRED; IT BELONGS TO THE COUNTLESS NUMBERS WHO ARE DEAD, THE FEW WHO ARE LIVING AND THE MULTIPLE OF THOSE YET TO BE BORN.”

African Proverb

ABOUT US

about us background

Corvalis Capital Partners (“Corvalis”), founded by African PE professionals with over 40 years of combined Africa private capital experience, is a principal investment firm focused on making private capital investments in Africa. Founding partners have over 50 years of aggregate African private equity investing experience and have collectively invested over $1 billion with private sector participation.

Corvalis seeks to raise and deploy the Corvalis Sustainable Energy Impact Fund (“SEIF” or the “Fund”) a $150 million private capital fund focused on investments in energy transition opportunities, which will leverage a multi-faceted, cross-sector approach to drive sustainable impact, job creation and economic growth.

PARTNERS

team

Idris Mohammed

Managing Partner

Summary

A Nigerian citizen with over twenty years of private equity investing experience, of which the last seventeen have been focused on Africa.

Experience
  • Previously a Partner at Alterra Capital Partners, a spin-out of the Africa team at The Carlyle Group, where Idris was a Managing Director/Partner with responsibility for West and North Africa.
  • Prior to joining Carlyle/Alterra in 2017, Idris was a Partner (from inception) at Africa-focused private equity firm DPI.
  • Idris began his private equity career in 2001 with Goldman Sachs’ Special Situations Group, where he helped build the firm’s clean-energy investing business before pivoting “home” to invest in Africa.
  • In previous roles, led all aspects of the investment process including deal sourcing, execution, and portfolio management and was actively involved in managing the business including investment decision making, talent management and recruitment, and investor relations and fundraising.
Education
  • B.S. in Industrial Engineering from Lehigh University
  • M.B.A. from The Wharton School of the University of Pennsylvania
team

Dafe Diejomaoh

Managing Partner

Summary

A Nigerian citizen with over twenty years of private equity, investment banking and consulting experience, of which the last twenty have been focused on Africa.

Experience
  • Previously, founding partner of Cayor Capital, a principal investment firm focused on Africa. Prior thereto, head of Africa Private Investments at The Rohatyn Group (TRG), an emerging markets specialist asset manager with AUM of approximately US$5 billion, and previously at CVCI Private Equity, the emerging markets private equity division of Citibank, which was acquired by TRG in 2013
  • At CVCI/TRG, over a 10-year period, responsible for investing and divesting the CVCI/TRG Africa Fund, a US$100 million sector and geography neutral private equity fund.
  • Principal at AIG Private Equity in New York, and founding member of AIG Horizon Partners, an AIG sponsored US$400million mid-market private equity fund focused on US and European markets.
Education
  • BA in Economics from Harvard University
  • M.B.A. from Harvard Business School
  • Master of Science in Development Economics from Oxford University
team

Alexandra Ekpiken

Partner

Summary

A Nigerian citizen with over twenty years of private equity, corporate transactional, and impact investing experience, of which the last fifteen have been focused on Africa.

Experience
  • Verod Capital & Verod-Kepple – Vice President, General Counsel & Head of Impact Investments: Led fundraising for Verod’s first two funds (AUM: $350M), both oversubscribed with 95% returning investors. Secured the first commitment from a leading US commercial bank to an Africa-focused fund and domestic sovereign wealth fund.
  • Prior, was Head of Impact Investing / Head of Partnerships of leading US-based African Cleantech Fund and directed climate and gender-focused investment strategies, mobilizing funding through blended finance facilities such as the Climate Gender Equity Fund (Visa Foundation, Amazon, USAID), the Green Outcomes Fund (World Bank, UNPRI) and the Kenya Green Fund (funder World Bank).
  • Early Career – M&A and Regulatory and Transaction Advisory: Began her career advising on major M&A and private equity transactions at leading Wall Street and London law firms before serving as a Senior Adviser at the UK Financial Conduct Authority (designated a ‘UK M&A National Expert’) and was the UK representative on the European Commission’s Advisory Committee on Concentrations panel.
Education
  • MBA, Columbia Business School (‘CBS’)
  • LLM, Harvard Law School
  • Certificate in Impact Investing & Climate Finance, CBS
  • Board Director, Columbia Business School Women’s Circle
  • President, Advisory Council Alumnae-i Network for Harvard Women
  • International Fellow of the American Association of University Women

INVESTMENT THESIS AND GEOGRAPHIC FOCUS

Africa’s rapid population growth and urbanisation, rising energy demand, widening rural energy access gap and climate vulnerability create an unprecedented opportunity to build the continent’s next generation of essential, low-carbon industries and address the gap of up to 600 million people living without reliable, affordable and clean energy in Sub-Saharan Africa. Corvalis seeks to capture this opportunity, focusing on key climate-critical sectors positioned for scalable growth and sustained impact.

Renewable energy will play a critical role in satisfying Africa’s future energy demand and increasing overall energy access, while simultaneously contributing to the global energy transition. Harnessing renewable energy underpins Africa’s chance to leapfrog to a low-carbon energy system, bypassing legacy fossil fuel infrastructure while also ensuring a just transition.

Corvalis is well-positioned to deploy capital to address these critical demand gaps and take advantage of significant growth opportunities arising from them and generate attractive returns for investors while driving measurable outcomes and contributing to positive climate impacts.

Investment Approach

Our investment approach is categorized into 4 major pillars as follows:

Robust and Disciplined Investment Process

  • Structured process
  • Well-defined criteria
  • Early-stage Support

Impact and Sustainability Integration

  • Climate, Impact and ESG considerations Integrated in all steps of Investment Process
  • Set ambitious targets for all investments

Intensive Value Creation

  • Focus on value creation
  • Working closely with portfolio companies and management teams
  • Catalyzing additional resources

Returns-Focused Portfolio Construction

  • Intentional approach to Risk mitigation, particularly FX
  • Focus on cash distributions

Investment Strategy (Sectors and Geographies)

50% of fund capital will be allocated to clean energy and energy efficiency solutions and technologies with the balance allocated to climate-critical adjacent sectors.

investment
Proactive Deal Sourcing

Leverage networks in climate-critical sectors and partnerships with DFIs, corporates, and local operators. Focus on proprietary access, not broad auction processes.

Rigorous Diligence & High-Conviction Selection

Prioritize governance, FX resilience, and downside protection. Selective investment pace, targeting 8–10 deals.

Intensive Value Creation

Hands-on support in governance, strategy, and operational execution. Integration of ESG action plans and impact KPIs into value creation roadmaps.

Disciplined Exits

Focus on trade buyers and financial investors Aim for early partial realizations to drive DPI

IMPACT AND ESG

Environmental & Social Policy (“E&S”)

Our E&S Policy aligns with national environmental and social regulations, IFC Performance Standards and EHS Guidelines, the Harmonized EDFI Exclusion List (including Fossil Fuel Guidelines), and applicable investor E&S requirements. This ensures consistency with international best practice and responsible investment principles.

Business Integrity

Our B&I Policy aligns with international anti-corruption and ethical conduct standards, including the OECD Guidelines for Multinational Enterprises, UN Convention Against Corruption, and relevant national laws. It establishes zero tolerance for bribery, fraud, money laundering, and conflicts of interest, ensuring transparency, accountability, and ethical business conduct across all fund (and firm) activities.

Corvalis integrates the consideration and thoughtful management of impact issues throughout the investment cycle. The Environmental and Social Policy will be cross-referenced and applied together with the Business and Integrity (“BI”)I Policy and cove (but not limited to): Environmental and Social Risks, Governance; Bribery and Corruption; Money-Laundering/Combating Financial Terrorism; KYC; Compliance; Cyber Security, Business Continuity; Compliance and Grievance Mechanism. The E&S (and Business Integrity) Management System will operationalise the E&S and BI policies and be used to evaluate all potential investment opportunities, as well as to assess and categorize any E&S risks, opportunities and impacts. As applicable, it will also be used to devise a suitable Corrective Action Plan to address identified risks and monitors on-going E&S performance of investees.

Impact Focus

Corvalis is an impact-oriented manager with an intentional focus on specific developmental targets and impact areas aligned with UN Sustainable Development Goals – energy access and climate (SDG 7, 13), economic growth and jobs (SDG 8), and gender equality (SDG 5).

Core Impact Areas (aligned with SDGs 5, 7, 8, 13)
Impact

Climate (SDG 7, 13)

  • Expand clean energy access, reduce GHG emissions, promote energy efficiency. Support Rural Electrification
Impact

Economic Growth and Jobs (SDG 8)

  • Create quality jobs with above-market wages and benefits.
  • Build worker skills and support formalisation of employment.
Impact

Gender Equality (SDG 5)

  • Target 30% women in ownership, leadership, and workforce for fund investment under 2X Criteria.
  • Adopt a ‘gender-lens’ across firm/fund operations.

ADVISORY SERVICES

Corvalis operates a separate, standalone ‘Advisory Arm’ managed by a team of highly experienced ESG, Impact, Climate and Sustainability Experts.

Services Provided include but are not limited to the following:

i

Environmental & Social and Business Integrity (Governance)

  • Understanding and Integrating ESG Criteria/Factors into Financial Decision Making
  • Environmental & Social Principles, Standards & Applicable Frameworks
  • Develop and Implement Fit-for-purpose E&S Policy & Management Systems
  • Environmental and Social Screening, Assessments and Due Diligence
  • Business Integrity Screening, Assessments and Due Diligence
  • E&S Corrective Action Plan, Monitoring and Reporting
  • Practical Training Workshops

ii

Impact Measurement & Management

Institutional capital needs credible evidence of the delivery of intended outcomes. Support development of company- and asset-level impact strategy aligning with the fund’s theory of change and impact goals and outcomes. Identify and select appropriate framework, metrics and indicators to track context-specific KPIs; and analyse performance indicators using qualitative and quantitative data to inform investment decisions and report on impact outcomes.

  • Set theory of change and impact strategy aligned to investment strategy and/or development goals (climate, gender (2X Criteria), decent jobs, etc)
  • Implement tailored, fit for purpose impact management systems and processes and appropriate reporting frameworks
  • Impact Screening and Assessments
  • Data Collection, Analysis and Reporting to multi stakeholders (investors, regulators, UN PRI, B-Lab and GRI, etc).
  • Impact investment strategy and blended finance vehicle structuring

iii

Climate Risks Management

Greenhouse gases (also known as GHGs) source identification, measurement, accounting and reporting are key actions that contribute to the crucial goal of global carbon emissions reduction and transition to clean energy and Net Zero development goals. Identify climate risks and opportunities as it applies to your organization/sector, foresee and mitigate climate risks, empowering organizations to make strategic, data-driven decisions that secure long-term sustainability and competitive advantage.

  • Greenhouse Gas Accounting and Reporting for African Organizations
  • Climate Change Risk Assessment for Assets, Portfolios and Businesses
  • Climate Change Impacts – Physical (Adaptation) & Transition (Mitigation) Risks
  • Climate Change Impacts of Various Financial Asset Classes
  • Climate Scenario Analysis and Planning
  • Quantifying Risks and Aligning Business Strategy with Climate Scenario Insights
  • Climate Risk Reporting and Disclosure
  • Carbon Market Mechanisms and Pricing Strategies
  • Global and Regional Regulatory Frameworks for Climate Change (including International Sustainability Standards Board (ISSB) first two IFRS® Sustainability Disclosure Standards - IFRS S1 and IFRS S2).

Gender Accelerator

Corvalis Advisory will also support a specific number of

i.

first time female fund managers

ii.

female entrepreneurs based in Sub-Saharan Africa to institutionalise and raise funds to scale

iii.

support public and private institutions to adopt a ‘gender-lens’ across its operations and value chain.