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 investors have committed $550m to the fund, which will especially focus in the area of transportation and energy in Africa. 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.
“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,” said Torben Möger Pedersen, CEO of PensionDanmark.
A.P. Moller Holding is now led by Robert Uggla, the grandson of the late Maersk Mc-Kinney Moller, the founder of Maersk Group.