|
Laxman Pai, Opalesque Asia: General Atlantic, the New York-based growth equity firm with $83 billion in assets under management (AUM), has agreed to acquire Actis, a London-based energy infrastructure investor with investments in Africa, marking another instance of investors showing confidence in the growth of alternative assets.
Although the financial terms were not disclosed, the deal is set to increase General Atlantic's assets under management to approximately $96 billion, according to a joint statement by the two companies.
The agreement comes days after BlackRock agreed on a deal to buy Global Infrastructure Partners for $12.5 billion, putting the asset management giant at the heart of investing in ports, power, and digital infrastructure projects globally.
Actis, a firm with more than 140 investment professionals across its 17 global offices and over $25 billion in capital raised since inception, backs structural themes that support long-term, equitable growth in critical infrastructure across the energy transition, digital transition, and supply chain transformation.
Under the terms of the agreement, Actis will become the sustainable infrastructure arm within General Atlantic's global investment platform. Actis will continue to be led by its Chairman and Senior Partner, Torbjorn Caesar, and will retain independence over its investment decisions and processes with its funds operating under the existing Actis brand.
General Atlantic was founded in ...................... To view our full article Click here
|
RSS
