Danish labour-market pension fund PKA has reportedly invested DKK500m (€67m) in the Actis Energy Fund 3 in an overall boost of its infrastructure spend.
AltAssets reported in April that Actis had set a $750m target for its third energy fund, but may well exceed this.
PKA Alternative Investment Partners investment manager Christian Drews-Olesen said infrastructure spend will increase to DKK16bn, from the current level of DKK6bn in the coming years, IPE reports.
A spokesperson for PKA could not be reached but it is thought Actis’s third fund will continue its focus on Latin America, Africa and Asia.
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.
Earlier this year, Actis raised about $750m towards its latest global fund, putting it more than a third of the way towards its reported $2.2bn target.
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