Actis Capital closed its third emerging markets energy fund oversubscribed at $1.15 billion, confirmed Paul Buckley, managing partner at First Avenue Partners, sole placement agent for the fund.
Actis Energy 3 surpassed its initial target of $750 million. The fund also had $262 million in dedicated co-investment vehicles.
Investors in the fund include the $23.8 billion Texas Employees Retirement System, , $9.8 billion San Diego County Employees Retirement Association, and $7.7 billion Arizona Public Safety Personnel Retirement System, Phoenix. .