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$750m Actis fund to focus on power, transport infrastructure

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Emerging market private equity investment firm Actis would focus its new $750-million second Actis Infrastructure fund on opportunities in the power generation and transport sectors

“The need to build infrastructure in emerging markets is one of the great investment themes of our time. Power, roads, ports, airports and bridges – these are the means through which these countries will continue to grow and prosper,” Actis senior partner Paul Fletcher said on Tuesday.

The investment firm already had a presence in Africa, China, Latin America and South East Asia.

Its infrastructure team comprised 14 people, based in Singapore, Mumbai and London, each with an average of ten years experience in infrastructure investing, operations, project finance and project development.

Actis’ first infrastructure fund, which was launched in 2002, had been fully realised in 2007 at $1,7-billion, generating a 23,3% internal rate of return for investors.

It has formerly invested in a 360-MW combined-cycle gas-fired power station in Haripur and a 450-MW combined-cycle gas-fired power station in Meghnaghat, in Bangladesh, a 168-MW open-cycle gas-turbine plant in Chilca, in Peru and a 683-MW natural gas-fired conventional steam-cycle power station in Egypt.

The firm had also, in November 2008, closed its $2,9-billion Actis Emerging Markets 3 private equity panemerging markets fund.

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