Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Actis hits closes 5th energy fund with $5-B
UK-based Actis has completed fundraising for Actis Energy 5, significantly exceeding its $4 billion target. With co-investments, the Actis Energy team expects to deploy around $6 Billion of investable capital from the fund globally. The LP base, comprising the firm's existing and new investors, included pension funds, insurance companies, endowments, sovereign wealth funds and other investors from across the globe. The fundraise was conducted entirely during the pandemic, requiring creative solutions to due diligence including ‘virtual' site visits and remote management team meetings.
From the Venture Intelligence PE-VC Deal Database: Actis’ Energy investments in India over the last 10 years include Fortum India, ACME Cleantech Solutions (Solar Assets), Sprng Energy and Ostro Energy.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.