Emerging markets infrastructure fund expected to reach $1.5bn this year

South Carolina Retirement System (SCRS) has approved a $75m (€66.8m) commitment to Actis Long Life Infrastructure Fund, an emerging markets-focused vehicle that is expected to raise $1.5bn this year.

SCRS said in a board meeting document that it was seeking access to core infrastructure in developing markets.

According to data from Preqin, the Actis Long Life Infrastructure Fund was launched in September 2017 with a target size of £2bn (€2.2bn), which was later lowered to £1.5bn. The fund held a first close for an undisclosed sum in March this year, Preqin said.

According to sources familiar with the matter, the Actis fund is likely to reach its target and a final close this year.

The closed-ended fund, which has a projected 15-year life, will target assets that include renewable power generation, electricity transmission and natural gas pipelines in Latin America, Asia and Africa.

The Actis fund is expected to make a eight to 10 investments in core operational assets and will target net returns of 11% to 13%.

Actis was founded in 2004 as an investment spin-out of CDC Group, a development finance institution sponsored by the UK government to finance businesses located in the British Commonwealth.

Related images

  • Wind Farm

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2555

    Asset class: Real Estate.
    Asset region: European.
    Size: EUR 50 - 100 million.
    Closing date: 2019-07-22.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

Begin Your Search Now