Actis raises $1.15b for global energy fund

The fund will invest in electricity generation and distribution businesses in Asia, Latin America and Africa. LPs include public pension funds, sovereign wealth funds and families from the US, Europe and Asia. Discretionary co-investment capital of $262 million is also available to the fund.

A 19-strong team of investment professionals has already started building the fund's portfolio, making $560 million worth of investments to date - but none yet in Asia. Of the four deals completed to date, two are in Latin America and two are in Africa.

"Electricity in the emerging markets faces high demand growth but remains a scarce commodity in Latin America, Asia and Africa," said Torbjorn Caesar, co-head of energy at Actis. "We provide access to the resulting investment opportunity with a proven approach. Such is the demand, especially in the renewables space, that the team has already put half of the new fund to work."

 

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• Actis Capital