A.P. Møller Holding has together with PKA, PensionDanmark, Lægernes Pension and PFA committed USD 650 million to Africa Infrastructure I.14.09.2017
The fund is managed by A.P. Møller Capital, an affiliate of A.P. Møller Holding, with focus on energy and power, including transmission, as well as roads, rail, airports and distribution centers-warehousing.
A.P. Møller Holding has together with PKA, PensionDanmark, Lægernes Pension and PFA launched a new infrastructure fund with a focus on Africa. The fund has received commitments of USD 650 million from anchor investors. Fund raising will continue, and the total equity commitment is expected to reach 1 billion dollars within a year.
The fund is managed by A.P. Møller Capital with four partners: Kim Fejfer, Lars Reno Jakobsen, Jens Thomassen and Joe Nicklaus Nielsen.
The purpose of the new fund is to deliver attractive returns to its investors through infrastructure investments on the African continent, while simultaneously supporting sustainable economic growth and prosperity and making a positive difference in line with the UN Sustainable Development Goals.
The fund has a duration of 10 years and has an initial target of 10 to 15 investments in total.
Bruun & Hjejle acted as legal counsel to A.P. Møller Capital, including tax and regulatory advise. In structuring and advising on the structure, compliance and terms for A.P. Møller Capital, Bruun & Hjejle has built on its extensive experience regarding fund formation and alternative investment structures.