Actis Infrastructure Fund II closed at the start of this month with USD 750 million in invested capital, of which USD 500 million was committed by UK government backed fund of funds manager, CDC Capital Partners. CDC has an existing relationship with Actis, having been the sole investor in its first infrastructure fund which closed in 2003. CDC was forced to lower its commitment from USD 750 million due to changed funding priorities, which led to the fund falling below its initial USD 1 billion target.
Actis Infrastructure Fund II is a pan-emerging markets infrastructure fund. The fund will focus on early stage development opportunities in key infrastructure sectors such as power and transport, and aims to deliver a net IRR of up to 20%.
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