Global private equity firm Actis today said it has raised $750 million for investment in infrastructure across emerging markets, including India.
These pan-emerging markets will focus principally on opportunities in power generation and transport, Actis said in a statement, adding the $750 million will come under its 'Actis Infrastructure Fund 2'.
“Actis' presence on the ground across Africa, China, India, Latin America and South East Asia gives the fund an unrivalled presence in its targets markets,” it added.
The firm said its infrastructure team, jointly led by Michael Till and Torbjorn Caesar, comprises 14 people based in Singapore, Mumbai and London.
The firm has also been actively investing in real estate and private equity besides infrastructure. The raising of $750 million follows its previous closing of $2.9 billion fund in November 2008 for investment in the private equity space.
Actis' previous infrastructure fund was launched in 2002 and was fully realised in 2007 at $1.7 billion.
Source: Business Standard