By Princewill Ekwujuru
Actis, a private equity investor in emerging markets hasÂ announced the investment of aboutÂ Â US$750m in itâ€™s infrastructure 2ndÂ fund.Â A report said that this pan-emerging markets fund will focus principally on opportunities in power generation and transport.
Paul Fletcher, Senior Partner at Actis said, â€œthe need to build infrastructure in emerging markets is one of the great investment themes of our time – power, roads, ports, airports and bridges â€“ these are the means through which these countries will continue to grow and prosper.â€
Actisâ€™s presence on the ground across Africa, China , India , Latin America and South East Asia gives the fund an unrivalled presence in its target markets. The firmâ€™s local knowledge and relationships are invaluable for sourcing investment opportunities, developing local partnerships, and managing political and regulatory risk.
The infrastructure team comprises 14 people, based in Singapore , Mumbai and London . It is led jointly by Partners Michael Till and Torbjorn Caesar. Each team member averages 10 years of infrastructure and 11 years of emerging markets experience. They have a blend of expertise in infrastructure investing, operations, project finance and project development, having completed investments in over 20 countries in the fundâ€™s target regions.
Infrastructure is a key pillar of Actisâ€™s investment strategy alongside private equity and real estate.Â This announcement follows the news that Actis closed its US$2.9bn private equity pan-emerging markets fund, AEM3 in November last year.
Actis is a leading investor in emerging markets, investing exclusively in Asia, Africa and Latin America . Actis has specialist teams dedicated to private equity, infrastructure and real estate and has a track record built on growth capital and leadership in control investing across its markets. Actis has over 100 investment professionals in nine offices worldwide who currently manage funds of US$4.8bn and a portfolio of around 60 investments on behalf of more than 100 institutional investors.