Actis is setting up a new office in Hong Kong that will look after investor relations and serve clients in Asia and Australasia.
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.
The firm is currently raising Actis Energy 4, a $2 billion power-focused fund which will invest in power generation and electricity distribution in Asia, Africa and Latin America. The vehicle secured a $100 million commitment from the International Finance Corporation in October.
Actis had $6.3 billion of total assets under management across Asia, Africa and Latin America, as of 2015.