Actis, the private equity group specialising in emerging markets, announced on Tuesday that it has raised $750m (471m pounds) for a new infrastructure fund to invest in power and transport assets in Africa, Asia and Latin America.

The fund is 40 per cent smaller than its initial target of $1.25bn, underlining how investors are pulling back from new infrastructure funds after suffering heavy losses in the asset class during the credit crunch.

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Posted by rjorr at October 6, 2009 10:46 PM