Emerging markets focused private equity firm Actis is reportedly looking to raise $750m for its third energy fund.
The new vehicle will target power assets in Latin America, Asia and Africa, according to Dow Jones, which cited sources familiar with the matter and an investor presentation.
The Actis Energy 3 LP fund is set to top its target, said one of the sources.
Actis, which currently $5.2bn under management, has recently boosted its senior team in South East Asia by hiring Arjun Oberoi as global healthcare sector head and Ivy Santoso as Indonesian country head and Sergio Brandao as a director focusing on the energy sector of Latin America.
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