29 Apr '13, 10am

Actis sets $750m target for third energy fund #PrivateEquity

Actis sets $750m target for third energy fund 29 Apr 2013 Emerging markets focused private equity firm Actis is reportedly looking to raise $750m for its third energy fund. The new vehicle will target power assets in Latin America, Asia and Africa, according to Dow Jones , which cited sources familiar with the matter and an investor presentation. The Actis Energy 3 LP fund is set to top its target, said one of the sources. A spokesperson for Actis was unable to add any further details at this time. Earlier this year Actis exited its investment in Indian powertrain and precision engineering product maker Avtec to private equity firm Warburg Pincus. Back in March it backed $688m take-private deal for Chinese budget hotel chain 7 Days as part of a consortium led by Carlyle. Actis, which currently $5.2bn under management, has recently boosted its senior team in South East Asia...

Full article: http://www.newenergyworldnetwork.com/investor-news/renewa...

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