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Actis heads consortium in $380m investment in APEC

26/10/2007Source: AltAssets.  

Click here for the latest news, views and interviews in the clean energy investor communityEmerging markets-focused private equity firm Actis has joined a consortium with investment firms including Pine Brook, AES and Temasek, committing to invest $380m in oil and gas exploration company APEC.

APEC focuses on lower risk medium-sized opportunities in the Asia Pacific region.

Alun Branigan, an Actis partner based in Singapore, said, 'Natural resources are a key investment theme for Actis, especially in South East Asia, which is a resource-rich region. This investment is a clear sign of our commitment to building our business in South East Asia.'

Actis has $3.5bn of funds under management, with investments in Africa, China, South and South East Asia.

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