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Laxman Pai, Opalesque Asia: Actis, a global investor in sustainable infrastructure, raised about $6 billion for a new fund to invest in power-generation projects across the world, particularly emerging markets.
The London-based firm said it wrapped up Actis Energy 5 LP (AE5) with roughly $4.7 billion in commitments and another $1.3 billion in capital for co-investments.
The final tally exceeded the fund's $4 billion target and more than doubled the $2.75 billion the firm secured for a predecessor fund in 2017, said a press release
Global PE firm said that the fundraise saw sizeable LP re-ups as well as new commitments from a high-quality, diversified investor base. "The LP base includes pension funds, insurance companies, endowments, sovereign wealth funds, and other investors from across the globe. The fundraise was conducted entirely during the global pandemic, requiring creative solutions to due diligence including 'virtual' site visits and remote management team meetings," the firm said.
The Energy Infrastructure team at Actis comprises almost 60 team members, including 10 in-house Energy Infrastructure Value Creation & Operations staff and an Actis team of seven senior Sustainability professionals.
Torbjorn Caesar, the Senior Partner at Actis, said: "I would like to thank our LPs for their ongoing support. This is a ringing endorsement for our proven track record and a significant milestone for the firm as we continue to build our market positio...................... To view our full article Click here
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