Actis, a private equity investor in emerging markets, has held a final close on its USD750m Actis Infrastructure 2 fund.
The pan-emerging markets fund will focus principally on opportunities in power generation and transport.
Paul Fletcher, senior partner at Actis, says: "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."
The infrastructure team comprises 14 people, based in Singapore, Mumbai and London. It is led jointly by partners Michael Till and Torbjorn Caesar.
Infrastructure is a key pillar of Actis’s investment strategy alongside private equity and real estate.
The announcement follows on from news that Actis closed its USD2.9bn private equity pan-emerging markets fund, AEM3, in November last year.
