Actis has closed its Actis Energy III with total commitments of $1.15 billion, beating its $750 million target. Actis attracted commitments from existing investors, and added some new limited partners including public pension funds, sovereign wealth funds and family offices from North America, Europe and Asia. FIRSTAvenue worked as placement agent for the fund. The energy team has already deployed $560 million from the fund.
FIRSTavenue, a leading global private placement agent and advisory firm, is pleased to announce the final closing of Actis Energy III with total commitments of $1.15 billion. The fund was oversubscribed and surpassed its initial target of $750 million by fifty percent. Fund commitments were obtained from existing investors and also attracted a diverse group of new investors, including public pension funds, sovereign wealth funds and family offices from North America, Europe and Asia. FIRSTavenue served as the sole global placement agent for the fund.
“We would like to congratulate Actis. The energy team’s expertise combined with the Actis pedigree intrigued investors. With high demand for electricity in emerging markets, the team has already made commitments of $560 million from Fund III and has a strong pipeline of opportunities. We wish them continued success,” commented Paul Buckley, Founder and Managing Partner of FIRSTavenue.
“This successful fundraising, in collaboration with FIRSTavenue, is a sign of confidence from our investors in our focused strategy,” commended Torbjorn Caesar, Co-Head of Energy at Actis. “Electricity in the emerging markets faces high demand growth but remains a scarce commodity in Latin America, Asia and Africa. We provide access to the resulting investment opportunity with a proven approach. Such is the demand, especially in the renewables space, that the team has already put half of the new fund to work.”
For over 60 years, Actis has invested in private equity, energy infrastructure and real estate across the emerging markets of Latin America, Asia and Africa. Their dedicated energy sector team consists of 19 investment professionals with extensive operational expertise and experience investing and realizing 16 energy transactions over the last ten years. For more information, visit www.act.is.
Founded in 2006, FIRSTavenue is a leading independent global placement agent and advisory firm dedicated to raising capital for a distinguished group of alternative asset managers across real assets, private credit, private equity and real estate in developed and emerging markets. With an experienced team of over 50 professionals located in London, New York, San Francisco and Cleveland, FIRSTavenue provides global distribution and accessibility to an extensive network of institutional investors. For more information on FIRSTavenue, please visit www.firstavenue.com.
First Avenue Partners LLP is registered in England and Wales under the no. OC319893. Authorised and regulated by the Financial Conduct Authority
FAP USA, L.P. member FINRA/SIPC
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