August 21, 2019 |
British emerging markets investor commits capital to a solar plant in Chile and a wind farm in Brazil through the new fund
The UK's Actis said it has raised $1.23bn for its first long-life infrastructure fund with investors from North America, Europe, Latin America, Middle East and Asia.
Together with co-investments, the new fund will make roughly $2bn available to invest in infrastructure projects in emerging markets, Actis said in a press release.
The firm has identified an $8bn pipeline of projects, including the 100 MW El Pelícano solar power plant in Chile and the 137 MW Babilônia wind farm in Brazil.