EUROPE – PKA is investing DKK500m (€67m) in an emerging market infrastructure private equity fund and says it plans to boost overall infrastructure investments by 170% in the next few years.
The Danish labour-market pension fund administrator said it was investing the sum in the Actis Energy Fund 3, which focuses on developing local electricity supply, particularly in Latin America, Africa and Asia.
Christian Drews-Olesen, investment manager in PKA Alternative Investment Partners (PKA AIP), said: "The approach is that investments should make a difference as well as generate a return, whether it is to deliver stable power to populations or develop the hospital system and make it more accessible."
PKA also said it aimed to increase its total investment in infrastructure to DKK16bn over the next few years from DKK6bn now.
Actis is a private equity firm investing across emerging markets, and was set up in 2004 as a spin-off from the UK's development arm CDC.
Drews-Olesen said Actis took SRI seriously and had established an internal team that was thoroughly involved in the investment process.
PKA said it has previously invested DKK250m in Actis Emerging Markets 3 – a fund investing in Indian healthcare and other sectors.