Infrastructure manager Actis has raised $1.7bn (€1.52bn) for its second fund which invests in growth markets operating infrastructure.
The manager said the Actis Long Life Infrastructure Fund (ALLIF2) received strong 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.
As previously reported, Employees Retirement System of Texas approved a $50m commitment to the emerging markets-focused infrastructure fund.
Actis raised $1.23bn for its previous fund in the series, ALLIF1, at the fund’s close in August 2019.
Actis said ALLIF2, which invests in brownfield infrastructure assets across growth markets in Asia, Latin America, Central and Eastern Europe, the Middle East and Africa, has already deployed close to 50% of the fund.
ALLIF2’s assets include Stride Climate Investments, a portfolio of 21 solar generation assets in India acquired in March of this year. In December 2024, the fund agreed two separate transactions to buy electricity transmission assets in Brazil.
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.”
Adrian Mucalov, partner and head of long life infrastructure at Actis, said: “Our strategy is built for the investor appetite we are seeing: infrastructure businesses in high-growth markets that have a solid operating track record with stable, downside protected cash flows.
“The strong early deployment of ALLIF2, combined with a robust and deep pipeline, reflects our ability to originate at scale and invest with conviction in some of the world’s most dynamic economies.”
Neda Vakilian, partner, investor solutions group at Actis, said: “This successful fundraise reflects growing investor recognition of Actis’ deep understanding of growth markets and our differentiated approach to delivering stable returns.
“At a time of macroeconomic uncertainty across western economies, we are seeing investors increasingly turn to globally diversified strategies. We believe our ability to scale fundraising in this climate is a testament to both our investment track record and our forward looking global platform.”
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