Sustainable infrastructure investor Actis announced that it has raised $1.7 billion of commitments at the completion of fundraising for its second Actis Long Life Infrastructure Fund (ALLIF2), targeting investments in assets in areas including clean energy, grids and digital infrastructure.
Actis, which was acquired by growth equity investor General Atlantic in 2024, invests in infrastructure assets across growth markets in Asia, Latin America, Central and Eastern Europe, the Middle East and Africa. The firm’s long life infrastructure strategy invests in brownfield infrastructure assets, focusing on operational enhancements that improve existing facilities, preventing the need for deploying large amounts of capital for new infrastructure. This strategy, Actis said, enables investors to benefit from predictable, long-term income with moderate leverage and lower risk.
Core investment sectors for the fund include renewable energy, electricity transmission and distribution networks, district cooling, toll roads, and digital infrastructure. ALLIF2 has already deployed close to 50% of the fund, and Actis said that it is progressing an actionable near-term pipeline of over $2 billion.
Torbjorn Caesar, Chairman and Senior Partner at Actis, said:
“Investors are looking for the resilience, scale, and relevance that our long-life infrastructure platform offers – and we are gratified by the strong endorsement of this strategy. We’re building real-world assets that are essential to national development, and pairing that with disciplined, long-term investment capital. It’s clear from our experience that regions outside the West, in the more populated and faster growing parts of the world, are where compelling infrastructure opportunities can be found. That remains the case today.”
Actis said that the fund has received strong support from both existing investors as well as new investors, comprising pension funds, funds of funds, insurance companies and sovereign wealth funds from Europe, North America, Asia and the Middle East. The predecessor fund, ALLIF1, raised US$1.3 billion and closed in 2019.
Adrian Mucalov, Partner and Head of Long Life Infrastructure at Actis, said:
“Our strategy is built for the investor appetite we are seeing: infrastructure businesses in high-growth markets that have a solid operating track record with stable, downside protected cash flows. The strong early deployment of ALLIF2, combined with a robust and deep pipeline, reflects our ability to originate at scale and invest with conviction in some of the world’s most dynamic economies.”
