New Actis fund closes at $1.7bn
Actis has completed fundraising for its second Actis Long Life Infrastructure Fund.
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Actis, a growth markets investor in infrastructure, has completed fundraising for its second Actis Long Life Infrastructure Fund (ALLIF2), with $1.7 billion of commitments.
The Actis long life infrastructure strategy invests into brownfield infrastructure assets across growth markets in Asia, Latin America, Central and Eastern Europe, the Middle East and Africa. The strategy focuses on operational enhancements rather than heavy capital expenditure, enabling investors to benefit from predictable, long-term income with moderate leverage. Core sectors include renewable energy, electricity transmission and distribution networks, district cooling, toll roads, and digital infrastructure.
ALLIF2 has already deployed close to 50% of the fund and is progressing an actionable near-term pipeline of over $2 billion. In March this year, the fund acquired a 100% stake in Stride Climate Investments, a portfolio of 21 solar generation assets in India. This portfolio seeks to advance India’s clean energy goals while providing long-term contracted cash flows in one of the world’s most rapidly growing power markets. In December 2024, the fund signed two separate transactions to acquire electricity transmission assets, thereby diversifying and expanding its Brazilian transmission platform.
The fund has received support from both existing investors as well as new investors, comprising pension funds, funds of funds, insurance companies and sovereign wealth funds from Europe, North America, Asia and the Middle East. The fund close builds on the successful deployment of ALLIF1, which raised $1.3 billion and closed in 2019.
Torbjorn Caesar, chairman and senior partner at Actis, said: “Investors are looking for the resilience, scale, and relevance that our long life infrastructure platform offers – and we are gratified by the strong endorsement of this strategy. We’re building real-world assets that are essential to national development, and pairing that with disciplined, long-term investment capital. It’s clear from our experience that regions outside the West, in the more populated and faster growing parts of the world, are where compelling infrastructure opportunities can be found. That remains the case today.”
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