Actis raises US$1.23 billion in first Long Life Infrastructure Fund

Actis, a leading growth markets investor, today announced that it has completed fundraising for its first Actis Long Life Infrastructure Fund (ALLIF). The ALLIF fund was raised by Actis’ in-house teams and represents over US$1.23 billion of fund commitments plus co-investment, delivering up to approximately US$2 billion of investable capital for this new strategy. ALLIF’s investor base is comprised of leading institutional investors from North America, Europe, Latin America, Middle East, and Asia.

Actis has established itself as a leading investor in the energy infrastructure space having committed more than US$5 billion to 34 investments across 25 countries - generating 25GW and providing electricity to nearly 90 million customers.

ALLIF is a complementary strategy to Actis’ successful Energy business.  ALLIF will originate operating infrastructure assets across Latin America, Africa, and Asia while driving operational improvements over a long term hold period.  The resultant stable contractual cash flows will make these highly attractive assets for investors seeking stable cash yields over time.

The ALLIF business is led by Glen Matsumoto, who joined Actis in 2016 having previously been one of the three founding partners of EQT’s infrastructure business. Glen is supported by partner Adrian Mucalov, who moved across from the Actis Energy business, and a team of investment and operational professionals based on the ground in Actis’ markets.

ALLIF has already identified and prioritized an executable pipeline of approximately US$8 billion and has committed to investments which include a 100 MW solar PV plant in the Atacama region of Chile which sells power to the Santiago Metro transit system and 137 MW of operational wind generation assets located in Brazil.

Fund counsel was provided by Weil, Gotshal & Manges LLP.