Actis is setting up a new office in Hong Kong that will look after investor relations and serve clients in Asia and Australasia, PERE's sister publication, Infrastructure Investor, reported last week.
The Hong Kong outpost is headed by Pamela Fang, who helms the firm’s investor development group in Asia. Based in Hong Kong, she’s been covering Asia-Pacific since 2014, leading Actis’ fundraising and investor relations in the region.
The opening adds to the firm's two existing Asian offices in Beijing and Mumbai.
Actis now handles its entire global capital-raising function in-house. The opening of its Hong Kong office follows the appointments of senior executives at its investor development group including Carlton Byrd in New York and Bijal Patel in London, the firm said.
“Currently, 16 percent of Actis’ investor base is from Asia and Australia yet the region represents 30 percent of the global capital pool,” said Neil Brown, partner and global head of investor development. “The sheer volume of institutional capital and increasing appetite for international allocation in alternatives means we expect the capital that we source from the region to increase significantly.”
“We know that in order to understand the needs and aspirations of our limited partners, we need to be on the ground, as our investment teams are,” he added.
In June, PERE revealed that Actis raised more than $500 million for the third fund of its African series, Actis Africa Real Estate Fund 3, an opportunistic vehicle that was launched with a $400 million target. Among the investors in the fund is GIC Private, the sovereign wealth fund of Singapore, which had previously not invested in African real estate and had minimal exposure to the region.
Actis had $6.3 billion of total assets under management across Asia, Africa and Latin America, as of 2015.