London-based private equity firm Actis has closed its fifth energy fund at $4.7 billion, beating its $4 billion target. Actis Energy 5’s limited partners include pension funds, insurance companies, endowments and sovereign wealth funds.
14 October 2021, London – Actis, a leading global investor in sustainable infrastructure, today announced it has completed fundraising for Actis Energy 5 (“AE5”), significantly exceeding its $4 billion target. With over US$4.7bn of fund commitments and significant co-investment, the Energy team expects to deploy around US$6 billion of investable capital in this vintage. The fund will allocate capital globally, providing access to power in markets comprising over 80% of the world’s population.
The AE5 fundraise saw sizeable LP re-ups as well as new commitments from a high quality, diversified investor base. The LP base includes pension funds, insurance companies, endowments, sovereign wealth funds and other investors from across the globe. The fundraise was conducted entirely during the global pandemic, requiring creative solutions to due diligence including ‘virtual’ site visits and remote management team meetings.
The Energy Infrastructure team at Actis comprises almost 60 team members, including 10 in-house Energy Infrastructure Value Creation & Operations staff and an Actis team of seven senior Sustainability professionals.
Torbjorn Caesar, Senior Partner at Actis, said: “I would like to thank our LPs for their ongoing support. This is a ringing endorsement for our proven track record and a significant milestone for the firm as we continue to build our market position as a leading investor in sustainable infrastructure globally.”
Lucy Heintz, Partner and Head of Actis’ Energy business, said: “This is a humbling and gratifying moment. It is a real recognition of the Actis formula: the best people with world class operational and value creation skills operating in an inclusive, values driven culture, unlocking opportunity wherever they find it. This is a win-win – consistently delivering on our commitment to financial performance means we are able to mobilize more capital to invest behind the Energy Transition”
Neil Brown, Partner and Head of Actis’ Investor Development Group, added: “It takes something special to raise a fund during a global pandemic – we raised this with our in-house team and this final close has exceeded expectations. Thank you to our LPs for your support; we take your trust seriously”