Actis opens Hong Kong office to focus on IR, client services
Actis has opened an office in Hong Kong that will primarily be used for investor relations and client services activities in Asia, including Australia and New Zealand. The firm already has bases in Beijing and Mumbai.
Pamela Fang, who has been responsible for Actis' investor development group in Asia since 2014, will lead the new office. The move follows a decision to handle the firm's entire global capital-raising function in house and the appointment of senior investor relations executives in New York and London.
"We have a long track record of investment in the region through our office in Beijing. We know that in order to understand the needs and aspirations of our limited partners, we need to be on the ground, as our investment teams are," Neil Brown, partner and global head of investor development, said in a statement.
He added that Asia and Australia currently account for 16% of Actis' investor base, yet the region represents 30% of the global capital pool. The firm expects the amount of capital sourced from Asia to increase significantly based on the volume of institutional funds available and the increasing appetite for exposure to alternatives.
Actis invests in growth markets across Asia, Africa and Latin America, and has approximately $6.3 billion in assets under management, spanning private equity, energy and real estate. Recent activity in Asia includes the agreed acquisition of a Suzlon Energy-owned power project in India by Ostro Energy, a renewables platform backed by Actis.
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