A.P. Moller Capital lands an extra $100mln

A.P. Moller Capital, managers of the African Infrastructure Fund, have secured an additional $100 million commitment from PFA Pension, Denmark’s largest pension fund with DKK 500 billion under management. The fund, which was launched in early August, now has $650 million in commitments.

The fund, which is targeting $1 billion in time for a final close at the end August next year, will back infrastructure opportunities across Africa, aiming to deliver returns in the high teens as well as deliver significant economic, social and governance impact in the assets and regions in which it invests.

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