AP Moller Holding, together with PKA, PensionDanmark and Laegernes Pension, launched a new Africa infrastructure fund with a capital commitment of $550 million.
AP Moller Holding, together with PKA, PensionDanmark and Laegernes Pension, launched a new Africa infrastructure fund with a capital commitment of $550 million, the companies said Wednesday in a joint press release.
The fund will be open for additional investors for the next 12 months. Its goal is to raise $1 billion.
The fund will be managed by A.P. Moller Capital, which is an affiliate of A.P. Moller Holding. AP Moller Capital is led by partners Kim Fejfer, Lars Reno Jakobsen, Jens Thomassen and Joe Nicklaus Nielsen.
“Africa, with a working-age population likely to reach more than one billion people in the next decades, has a pressing requirement for more investments in infrastructure,” A.P. Moller Holding CEO Robert Maersk Uggla said of the new fund.
“Together, we will build and operate infrastructure business in Africa to support sustainable development and improvements in living standards across the continent,” added A.P. Moller Capital Managing Partner and CEO Kim Fejfer.
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