Actis Closes $1.7 Billion Infrastructure Fund, Eyes Expansion in India

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Private equity firm Actis has successfully closed its second Long Life Infrastructure Fund (ALLIF2) with $1.7 billion in commitments. The fund has already deployed nearly half of its capital, with a significant portion directed toward Indian assets and a near-term investment pipeline exceeding $2 billion. In March, the fund acquired Stride Climate Investments, a portfolio of 21 solar generation assets in India, from a fund managed by Australian asset manager Macquarie.

Actis is also exploring additional opportunities in India’s renewable energy and digital infrastructure sectors, driven by the country’s urbanization and digitalization trends.

The new fund builds on the strategy of its 2019 predecessor, which raised $1.3 billion, focusing on brownfield infrastructure in high-growth markets, including India, Asia, Latin America, and Africa. The fund targets stable, long-term income through operational enhancements in sectors like renewable energy, electricity transmission, and digital infrastructure. India, with its rapidly growing energy demand and ambitious clean energy targets, is a key focus for the fund’s investments.

Actis merged with US-based PE investor General Atlantic in October last year, taking their combined assets under management to $108 billion. The broader portfolio includes 34 energy infrastructure investments across 25 countries, with India standing out for its scale and potential.

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