{"id":18269,"date":"2013-12-10T19:27:41","date_gmt":"2013-12-10T19:27:41","guid":{"rendered":"https:\/\/www.lavca.org\/actis-raises-over-us1bn-for-new-energy-fund\/"},"modified":"2013-12-10T19:27:41","modified_gmt":"2013-12-10T19:27:41","slug":"actis-raises-over-us1bn-for-new-energy-fund","status":"publish","type":"post","link":"https:\/\/www.lavca.org\/actis-raises-over-us1bn-for-new-energy-fund\/","title":{"rendered":"Actis raises over US$1bn for New Energy fund"},"content":{"rendered":"

(PEHUB<\/a>) Actis has closed its third energy fund with US$1.15b in capital commitments. The fund will focus on electricity generation and distribution businesses in Latin America, Africa and Asia. <\/p>\n

Emerging markets investment firm Actis has closed $1.15 billion for its third energy fund. The pool\u2019s initial target was $750 million. The fund will focus on electricity generation and distribution companies in Latin America, Asia and Africa. Its investors include public pension funds, sovereign wealth funds and families from the US, Europe and Asia.<\/p>\n

PRESS RELEASE<\/p>\n

London, 9th December 2013 \u2013 Actis, the global pan-emerging markets investment firm, today announced that it has closed its third energy fund, Actis Energy 3. The fund was heavily oversubscribed, raising a total of $1.15 billion, exceeding its original target of $750 million by 50%.<\/p>\n

Actis Energy 3\u2019s investor base includes public pension funds, sovereign wealth funds and families from the US, Europe and Asia. Discretionary co-investment capital worth $262 million is also available to the fund.<\/p>\n

Actis Energy 3 will invest in electricity generation and distribution businesses in Latin America, Africa and Asia. The Actis energy team of 19 dedicated investment professionals has already started building the fund\u2019s portfolio, committing US$560m worth of investment to date.<\/p>\n

The four deals announced by the Fund in 2013 include Atlantic Energias Renovaveis S\/A, a Brazilian renewable energy company and Aela Energ\u00eda, which will be Chile\u2019s largest wind and solar electricity provider. Subject to regulatory approval, Actis Energy 3 will also own a majority stake in Cameroon\u2019s national grid and in March signed an agreement to acquire Morocco\u2019s water, waste water and electricity services.<\/p>\n

These most recent investments in renewable technologies are a response to an increasing demand for competitively priced energy powered by abundant natural resources.<\/p>\n

Torbjorn Caesar, Co-Head of Energy at Actis said: \u201cThis successful fundraising is a sign of confidence from our investors in our focused strategy. Electricity in the emerging markets faces high demand growth but remains a scarce commodity in Latin America, Asia and Africa. 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.\u201d<\/p>\n

Paul Fletcher, Senior Partner at Actis, commented: \u2018The closing of our energy fund, well above its target reflects Actis\u2019s track record. Over the last decade we\u2019ve deployed over $1bn in the energy space. Over the coming years Actis looks forward to continuing to contribute to the energy mix of the fast growing nations we serve.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

(PEHUB) Actis has closed its third energy fund with US$1.15b in capital commitments. 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