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A new infrastructure fund for Africa has been launched, with a focus on investments in infrastructure across the continent to support sustainable economic growth in the region while delivering an attractive return to investors. The fund will be managed by A.P. Moller Capital, which is an affiliate of A.P. Moller Holding.

The fund has received commitments of $550 million from anchor investors PKA, PensionDanmark and Lægernes Pension. The fund has a duration of 10 years and has an initial target of 10 to 15 investments in total. Following first commitments, the fund will be open for additional institutional investors for the next 12 months. The ambition is to raise $1bn in commitments.

New infrastrcture fund launchedFrom left: Peter Damgaard Jensen, CEO of PKA; Kim Fejfer, Managing Partner and CEO of A.P. Moller Capital; Torben Möger Pedersen, CEO of PensionDanmark; Chresten Dengsøe, CEO of Lægernes Pension, Robert Mærsk Uggla, CEO of A.P. Moller Holding

“A.P. Moller Holding was established to build value creating businesses that have a positive impact on society. Africa, with a working-age population likely to reach more than one billion people in the next decades, has a pressing requirement for more investments in infrastructure. In this respect, we are delighted to have established a new promising company in our portfolio with a strong team, who hold the right capabilities and experience to manage infrastructure investments in emerging markets,” says Robert Mærsk Uggla, CEO of A.P. Moller Holding.

“PKA has for many years invested in infrastructure both in Denmark and abroad. We have positive experiences investing in Africa and we have for a long time wanted to invest more on the continent. With this new fund we will be making infrastructure investments in Africa and get the opportunity to provide a good return to the pension savers and at the same time make a positive difference in line with the UN Sustainable Development Goals,” says Peter Damgaard Jensen, CEO at PKA.

“We are very pleased with the significant support from the Danish pension funds and A.P. Moller Holding. Together, we will build and operate infrastructure business in Africa to support sustainable development and improvements in living standards across the continent. We will combine the best from industry in terms of project management and operational capabilities with the best from private equity in terms of agility and focus,” concludes Kim Fejfer, Managing Partner and CEO of A.P. Moller Capital.

Image credit: https://www.africa-newsroom.com/press/media/new-africa-infrastructure-fund?lang=en&display=image

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