30 August 2017
Atta Africa Financial Update
Executive summary: A group of Danish pension fund investors have committed US$550m to African infrastructure through a fund launched by the family foundation behind the country's iconic shipping business, Maersk.
PensionDanmark, PKA and Lægernes Pension, three of the Nordic nation's largest retirement schemes, have become the founding investors in the Africa fund, which has a target of raising US$1bn over the next 12 months.
The fund will be run by a newly-formed team within AP Møller Holding, which is the investment arm of the AP Møller Fund, the family foundation of the founders of Maersk.
The new fund will focus on investments in Africa's transport and energy infrastructure. It is run by a team led by Kim Fejfer, the former chief executive of Maersk's container-terminals division, APM Terminals.
The AP Møller Fund, established by Maerk's founder Arnold Peter Møller in 1953, owns a 41.5% stake in the shipping group and a 20% stake in Denmark's biggest bank, Danske Bank.
Fact: Maria Sharapova, Conan O’Brien, and 'Flea' from the Red Hot Chili Peppers are, among others, shareholders in the UFC.
|
|
Norfund to back responsAbility's energy-focused investment platform |
|
|
|
Acorn Group and Helios to construct US$68 million hostels in Kenya |
|
|
|
Secha Capital to back Stoffelberg Biltong |
|
