Actis has concluded fundraising for its second Long Life Infrastructure Fund (ALLIF2), securing $1.7 billion in commitments aimed at operational infrastructure assets across growth markets in Asia, Latin America, Central and Eastern Europe, the Middle East, and Africa.
The fund targets brownfield infrastructure in sectors such as renewable energy, electricity transmission and distribution, district cooling, toll roads, and digital infrastructure. Actis said its approach focuses on operational improvements rather than capital-intensive projects, aiming to generate stable, long-term cash flows with moderate leverage.
“Investors are looking for the resilience, scale, and relevance that our long life infrastructure platform offers,” said Torbjorn Caesar, Chairman and Senior Partner at Actis. “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.”
Approximately half of the fund has already been deployed. In March 2025, Actis acquired a 100% stake in Stride Climate Investments, a portfolio of 21 solar projects in India. In December 2024, the fund also signed two agreements to acquire electricity transmission assets in Brazil, expanding its existing platform in the country.
“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,” said Adrian Mucalov, Partner and Head of Long Life Infrastructure at Actis.
The fund has attracted capital from pension funds, sovereign wealth funds, insurance companies, and funds of funds across Europe, North America, Asia, and the Middle East. It follows the earlier success of ALLIF1, which raised $1.3 billion in 2019.
“This successful fundraise reflects growing investor recognition of Actis’ deep understanding of growth markets and our differentiated approach to delivering stable returns,” said Neda Vakilian, Partner in the Investor Solutions Group at Actis.
Since inception, Actis has raised over $26 billion. In October 2024, the firm merged with General Atlantic, bringing combined assets under management to $108 billion.
