PFA Pension, one of Denmark’s largest pension funds, has committed $100 million to the Africa Infrastructure Fund I.
PFA Pension’s commitment brings total commitments to $650 million. The additional $550 million came from A.P. Moller Holding, PensionDanmark, PKA and Lægernes Pension.
“The investment matches our strategic focus on alternative investments — especially infrastructure — that can generate good and stable long-term returns for our customers,” said Henrik Nøhr Poulsen, executive director and CIO of PFA.
The Africa Infrastructure Fund, which recently launched in August, will focus on African infrastructure investments that will support sustainable economic growth in the region and deliver attractive returns to its investors. The fund focuses on transportation and energy infrastructure investments in Africa. It is seeking to raise $1 billion a tota