A.P. Moller Capital Reaches US$865 Million Second Close for Africa Infrastructure Fund (Sub-Saharan Africa)

Source(s): A.P. Moller Capital

A.P. Moller Capital, the fund management affiliate of global shipping and industrials group A.P. Moller-Maersk, has reached a second close for its Africa Infrastructure Fund with US$865 million in capital commitments. Investors committing at the second close include Danica Pension, Danske Invest, SEB Pensionsforsikring and SEB Pension och Försäkring. The fund, which is targeting US$1 billion in total commitments, will invest in infrastructure projects across the African continent.