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A.P. Moller raises $550 million for Africa infrastructure fund, targets $1 billion in 12 months

A.P. Moller Holding, a privately-held investments company with approximately $20bn under management, has launched an Africa-focused infrastructure fund.

 

The fund has received commitments of $550m from large Danish pension fund anchor investors, including PKA, PensionDanmark and Lægernes Pension. Following first commitments, the fund will be open for additional institutional investors for the next 12 months, with the goal of raising $1bn.

 

In addition to delivering attractive returns to its investors, the fund will focus on Africa infrastructure investments to support sustainable economic growth in the region. The fund will be managed by A.P. Moller Capital and will have a duration of 10 years, with an initial target of 10 to 15 investments in total.

 

Read more: A.P Moller Raises $550m for Africa Infrastructure Fund and Targets $1bn in 12 months – Real Estate Market Data and Research for Nigeria and other African Countries | estate intel

 

Source: http://www.africanbusinesscentral.com

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