Actis reaches $2.9bn first close for energy fund

Private equity investor Actis has held a first close of the Actis Energy 5 LP fund, with $2.9 billion in capital commitments from more than 20 institutional investors, according to The Wall Street Journal.

The fund is dedicated to renewable-energy investments in emerging markets.

Actis is targeting a final close of $4 billion for the fund.

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