Actis Capital closed its Actis Long Life Infrastructure Fund at $1.23 billion, below its $1.5 billion target, a spokesman said.
Institutional investors from North America, Europe, Latin America, Middle East and Asia made commitments to the fund, including the $31.9 billion South Carolina Retirement System Investment Commission, Columbia, which invested $75 million.
Actis Long Life Infrastructure Fund originates operating infrastructure assets across Latin America, Africa and Asia.