General Atlantic, a global growth investor, and Actis, a global investor in sustainable infrastructure, have entered into a definitive agreement to create a diversified and global investment platform with approximately $96 billion in combined assets under management (AUM).
Actis will become the sustainable infrastructure arm within General Atlantic’s global investment platform, according to a statement on Tuesday.
“With approximately $12.5 billion in AUM, Actis has a track record of delivering competitive returns for institutional investors and positive impact for the countries, cities, and communities in which it operates,” the statement said.
It said the firm with more than 140 investment professionals across its 17 global offices and over $25 billion in capital raised since inception, backs structural themes that support long-term, equitable growth in critical infrastructure across the energy transition, digital transition, and supply chain transformation.
“Actis will continue to be led by its Chairman and Senior Partner, Torbjorn Caesar, and will retain independence over its investment decisions and processes with its funds operating under the existing Actis brand.”
General Atlantic which was founded in 1980 has deployed more than $60 billion in global growth companies. In addition to its flagship growth equity strategy, the firm’s investing activities span credit and climate solutions.
“Together, Actis and General Atlantic will be uniquely positioned to unlock opportunities for investors that lie at the intersection of the energy transition, digitisation, and the shift in economic dynamism to growth markets and beyond. Furthermore, this partnership reinforces Actis and General Atlantic’s similar cultures and investment philosophies,” the statement added.
Bill Ford, chairman and CEO of General Atlantic said addressing the global paradigm shift toward sustainability requires an economic transformation and a capital investment on a massive scale.
“With the addition of Actis, we are taking a significant step forward to add a sustainable investment capability which positions General Atlantic to capture this opportunity set for our investors.”
Torbjorn Caesar, chairman and senior partner of Actis, noted that they are very excited to be joining forces with General Atlantic.
“The combined firm brings together distinct but highly complementary strategies that unlock long-term value for our investors across key structural themes including the energy transition and digital transition,” he said.
