A.P. Moller Capital, an affiliate of Robert Uggla- led A.P. Moller Holding, has received further commitments of $100m from PFA Pension for its Africa Infrastructure Fund.
In August, A.P. Moller and other anchor investors PKA, Pension Denmark and Lægernes Pension jointly launched the Africa Infrastructure Fund, which will mainly focus on African infrastructure investments in the area of transportation and energy.
PFA Pension’s latest investment has increased the total commitment of the fund to $650m.
“Since the fund was launched August 9 we have experienced great interest from both potential investors and project partners. We are pleased and proud to welcome another anchor investor wanting to support a sustainable development and improve the living standards across the continent,” said Kim Fejfer, CEO and managing partner, A.P. Møller Capital.
The Africa Infrastructure Fund is open for further investors until August 2018. The goal of the fund is to achieve a total commitment of $1bn.
A.P. Moller Capital is part of A.P. Moller Holding which is led by Robert Uggla (pictured), the grandson of the late Maersk Mc-Kinney Moller who founded Maersk Group.