A P Moller Holding takes the lead to launch $550million Africa infrastructure fund
August 10, 2017: A P Moller Holding along with PKA, PensionDanmark and Lægernes Pension launched a new infrastructure fund with a focus on Africa. The fund has received commitments of $550 million from anchor investors. The new fund will focus on investments in infrastructure in Africa to support sustainable economic growth in the region while delivering an attractive return to its investors.
The fund will be managed by A P Moller Capital, which is an affiliate of A P Moller Holding and consists of a team lead by four partners, Kim Fejfer, Lars Reno Jakobsen, Jens Thomassen and Joe Nicklaus Nielsen. The partners all have extensive industrial and investment experience combined with a substantial network in Africa.
“Together, we will build and operate infrastructure business in Africa to support sustainable development and improvements in living standards across the continent. We will combine the best from industry in terms of project management and operational capabilities with the best from private equity in terms of agility and focus,” says Kim Fejfer, Managing Partner and CEO of A P Moller Capital.
“A P Moller Holding was established to build value creating businesses that have a positive impact on society. 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. In this respect, we are delighted to have established a new promising company in our portfolio with a strong team, who hold the right capabilities and experience to manage infrastructure investments in emerging markets,” says Robert Mærsk Uggla, CEO of A P Moller Holding.
Commenting on the new fund Peter Damgaard Jensen, CEO at PKA said: “With this new fund we will be making infrastructure investments in Africa and get the opportunity to provide a good return to the pension savers and at the same time make a positive difference in line with the UN Sustainable Development Goals”.
“We see this as a unique opportunity to invest in a region with high economic growth and attractive investment opportunities alongside a partner, A P Moller Capital, that has extensive investment experience combined with a strong network and a promising pipeline of potential investment projects,” said Torben Möger Pedersen, CEO PensionDanmark.
Following first commitments, the fund will be open for additional institutional investors for the next 12 months. The ambition is to raise $1 billion in commitments.
A P Moller Holding is a wholly-owned fund established in 1953 by the founder of A P Moller Maersk with approximately $20 billion under management. The holding company owns 41.5 percent of shares and 51 percent of voting rights in the listed Maersk company. Fejfer used to run the company's APM Terminals division which manages ports around the world and has invested in ports in sub-Saharan countries such as Nigeria and Ghana.