Actis has plans to launch Actis Energy IV, which will make investments in electricity generation and distribution businesses in Latin America, Africa and Asia, with an equity fundraising target of $2 billion. An official statement has not been released.
The fund will be significantly larger than its predecessor, Actis Energy III, which closed above its $750 million fundraising target with equity commitments of $1.15 billion in 2013. Portfolio assets include AtlanticEnergias Renovaveis, a Brazilian renewable energy company, and Aela Energía, a Chile-based wind and solar electricity provider.