PensionDanmark teams up with A.P. Moller Holding in new Africa infrastructure fund
A.P. Moller Holding, PensionDanmark, PKA and Lægernes Pension have launched a new infrastructure fund, Africa Infrastructure Fund I, focused on infrastructure investments in Africa. The four seed investors have committed USD 550m to the fund.
Africa Infrastructure Fund I focus on investments in infrastructure, especially in the area of transportation and energy, in Africa. The fund will facilitate investments to support sustainable economic growth and prosperity in Africa and at the same time deliver an attractive return to its investors.
The fund will be open for Danish as well as international investors for the next 12 months. It has a targeted lifetime of 10 years and has an initial target of 10 to 15 investments in total.
Torben Möger Pedersen, CEO PensionDanmark: “We are delighted to be among the seed investors in Africa Infrastructure Fund I. We see this as a unique opportunity to invest in a region with high economic growth and attractive investment opportunities alongside a partner – A. P. Moller Capital – that has extensive investment experience combined with a strong network and a promising pipeline of potential investment projects. The fund is a good example of how we as investors can combine attractive investments for our members and at the same time contribute to the fulfilment of the UN Sustainable Development Goals by mobilizing private capital on a large scale”.
PensionDanmark is already invested in Africa in farmland, sustainable farming projects and a number of renewable energy infrastructure projects as the Lake Turkana Wind project in Kenya.