Actis to deploy $850m in India from latest energy fund

Actis to deploy $850m in India from latest energy fund

A man grazes a herd of goats near a wind turbine manufactured by Inox Wind Ltd. operating near electricity pylons at the Ostro Energy Pvt. Lahori Wind Farm in Lahori, Madhya Pradesh, India, on Monday, Aug. 14, 2017. Photographer: Dhiraj Singh/Bloomberg

Private equity fund Actis on Thursday said that it has completed fundraising for Actis Energy 5 (AE5), significantly exceeding its $4 billion target, the PE fund said in a statement. With over $4.7 billion of fund commitments and significant co-investment, the Energy team expects to deploy around $6 billion of investable capital.

Of the total amount raised, the fund aims to deploy $850 million in India over the next 4-5 years.

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