Sustainable infrastructure investor Actis has announced the close of fundraising for its second Actis Long Life Infrastructure Fund (ALLIF2), securing commitments totalling $1.7 billion. The fund will target brownfield investments across sectors including renewable energy, electricity transmission, district cooling, toll roads, and digital infrastructure, with a particular focus on high-growth markets outside of Western economies.
Founded in 2004, Actis is known for its focus on emerging markets, including Asia, Latin America, Central and Eastern Europe, the Middle East, and Africa. In 2024, the firm was acquired by global growth investor General Atlantic, in a move that expanded the buyer’s exposure to energy transition and sustainable infrastructure assets. You can read more about the acquisition in this [ESG Today article](https://www.esgtoday.com/general-atlantic-acquires-sustainable-infrastructure-investor-actis/).
The $1.7 billion raised for ALLIF2 marks a step up from the fund’s predecessor, ALLIF1, which closed at $1.3 billion in 2019. According to Actis, the second instalment has already allocated nearly 50% of its capital and holds a pipeline of more than $2 billion in potential near-term investments. The firm’s long-life infrastructure strategy centres on brownfield assets—existing infrastructure that requires operational enhancement rather than complete redevelopment. This approach is designed to generate long-term, stable returns with moderate leverage and reduced risk.
Actis emphasises that its investment thesis is underpinned by strong demographic and economic growth across emerging markets, where infrastructure remains underdeveloped relative to demand. This global trend has drawn increasing interest from institutional investors in search of resilient, inflation-protected assets that can provide steady cash flows over the long term.
Commenting on the fund’s successful close, Torbjorn Caesar, Chairman and Senior Partner at Actis, said:
“Investors are looking for the resilience, scale, and relevance that our long-life infrastructure platform offers – and we are gratified by the strong endorsement of this strategy. We’re building real-world assets that are essential to national development, and pairing that with disciplined, long-term investment capital. It’s clear from our experience that regions outside the West, in the more populated and faster growing parts of the world, are where compelling infrastructure opportunities can be found. That remains the case today.”
The fund has attracted backing from a wide range of institutional investors, including pension schemes, insurance groups, sovereign wealth funds, and funds of funds across Europe, North America, Asia, and the Middle East. Interest in sustainable infrastructure has been growing rapidly, with organisations such as the OECD estimating that global infrastructure investment needs to reach $6.3 trillion annually through to 2030 to meet climate and development goals ([OECD report](https://www.oecd.org/env/cc/g20-climate/synthesis-investment-climate-infrastructure.pdf)).
Adrian Mucalov, Partner and Head of Long Life Infrastructure at Actis, added:
“Our strategy is built for the investor appetite we are seeing: infrastructure businesses in high-growth markets that have a solid operating track record with stable, downside protected cash flows. The strong early deployment of ALLIF2, combined with a robust and deep pipeline, reflects our ability to originate at scale and invest with conviction in some of the world’s most dynamic economies.”
This latest close positions Actis to play a significant role in helping bridge the infrastructure funding gap in emerging economies while delivering stable returns to its investors. The continued institutional appetite for infrastructure also reflects the asset class’s growing appeal as a hedge against inflation and market volatility.
