United Kingdom–based investment firm Actis is set to add an additional $75 million in capital commitments to its Long Life Infrastructure Fund.
The commitment comes from the $31.3 billion South Carolina Public Employee Benefit Authority (PEBA), the pension fund responsible for investing and managing the assets of the South Carolina Retirement Systems.
The pension fund could not be reached to comment on the approved commitment.
Launched in 2017, the Actis closed-end infrastructure fund is looking to raise $2 billion to invest in logistics and transmission assets across Asia, Africa, Europe and Latin America.
The Employees Retirement System of Texas made follow-on commitments of $50 million and $43.3 million to the fund in 2018. In January, the fund delayed a first close and reportedly lowered its fundraising target to $1.5 billion after only receiving $400 million in commitments. It has raised $700 million to date.
Actis focuses on the infrastructure, private equity, energy and real estate markets, according to the firm’s website. It has raised $15 billion in capital and has invested in more than 40 countries.
