London · Growth · 101 people tracked
Also known as Actis Capital Llp
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Investment thesis
Actis invests in critical, core infrastructure providing essential services across growth markets, where it believes the best risk-adjusted returns are found. It applies an industrialist mindset with deep operational expertise and emphasizes sustainability as a means to mitigate risk, create value, and future-proof assets. The firm positions sustainable investing as a route to lower cost of capital, reduced risk, and enhanced value at exit. Pursuing global investment themes through an extensive footprint and network, Actis builds and operates companies to create sustainability leaders. In October 2024 it combined with General Atlantic to form a diversified global investment platform, with Actis operating as the group's sustainable infrastructure arm.
Source: firm website, verified Nov 1, 2026.
Team · 101 people
from the firm's websiteLeads Actis's Long Life Infrastructure strategy.
Leads Actis's Central & Eastern Europe activities, focusing on decarbonisation and independent energy supply investments in the region.
Managing Director for Asia within Actis's Long Life Infrastructure business, overseeing India platforms such as NXT-Infra.
Founder mafia
4 people who came through Actis went on to found or lead other companies.
What they invest in
from 4 of 21 portfolio companiesCleantech ×2Energy ×2Climate Tech ×1Construction Tech ×1Enterprise Software ×1Hardware ×1Logistics & Supply Chain ×1PropTech ×1
HQs:Mexico×2South Africa×1Zambia×1
Investments · 21 tracked
founders shown can be your intro pathYork Commercial Park is an industrial and logistics commercial property development in Lusaka, Zambia, offering tailored warehousing and commercial park facilities for the Zambian logistics market.
Construction TechLogistics & Supply ChainPropTechLusaka, ZM
Swiftnet is an independent telecommunications infrastructure provider in South Africa that owns and operates a national portfolio of over 4,937 tower sites across all nine provinces.
Enterprise SoftwareHardware
Valia Energía is one of Mexico's largest private electricity generators, with 3.2 GW of installed capacity across seven power plants and a gas pipeline, supplying roughly 7% of the country's electricity demand.
CleantechEnergy
Zuma Energía is a clean energy generator in Mexico with 1.33 GW of installed capacity from six solar plants (856 MW) and two wind farms (474 MW) across five states.
CleantechClimate TechEnergy
Co-investorsBlue Haven Initiative
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Bharat Grid Private LimitedKlara RenewablesKozienice BESS projectNXT-Infra TrustSkylineSongasSprng EnergyStrideSuntechThe ExchangeTrzebinia BESS projectTsavoUludag EnergyUmemeUpstream SystemsYellow Door EnergyYoung City
Principals & officers · per Companies House
what is this? ⓘCorporate LLP designated member · since 2026
Corporate LLP member · since 2012
Fund performance · per public LP disclosures · 9
as of Dec 2024| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Actis Energy 5 LPLPs: Florida State Board of Administration, New York City Board of Education Retirement System | 2021 | — | -8.4% | 0.90x | 0.12x |
| Actis Long Life Infrastructure FundLPs: South Carolina Retirement System Investment Commission | 2019 | — | -9.8% | — | — |
| Actis Energy 4LPs: Texas Municipal Retirement System, New York City Fire Department Pension Fund, New York City Board of Education Retirement System | 2016 | — | 13.0% | 1.76x | 1.69x |
| Actis Energy 3LPs: San Diego County Employees Retirement Association | 2013 | — | 8.5% | 1.30x | 1.29x |
| Actis Energy 3 Co-Investment LPLPs: San Diego County Employees Retirement Association | 2013 | — | 10.2% | 1.45x | 1.42x |
| Actis EM IVLPs: Teachers' Retirement System of Oklahoma | 2012 | — | — | 1.11x | 1.06x |
| Actis Global 4, L.P.LPs: Washington State Investment Board, Pennsylvania Public School Employees' Retirement System, Santa Barbara County Employees' Retirement System | 2012 | — | 2.8% | 1.10x | 0.90x |
| Actis Emerging Markets 3, L.P.LPs: Pennsylvania Public School Employees' Retirement System | 2007 | — | -2.2% | 0.92x | 0.91x |
| ACTIS ENERGY FUND 4LPs: New York City Board of Education Retirement System | — | — | — | 1.59x | — |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has Actis made?
- Actis has 21 tracked investments.
- What stage does Actis invest at?
- Actis invests at the Growth stage.
- What sectors does Actis focus on?
- Actis focuses on Cleantech, Climate Tech, Data & Infrastructure, Energy, Impact & Social Good, Mobility & Transportation, PropTech.
- Where is Actis located?
- Actis is headquartered in London, GB.
- Does Actis lead rounds?
- Yes, Actis leads investment rounds.
Media · Podcasts & interviews
featuring the teamActis' Adrian Mucalov on challenging misconceptions about ...
Adrian Mucalov · irei.com
Conversation With Torbjorn Caesar, Actis Capital
World Bank Group · Torbjorn Caesar
Adrian MUCALOV, Partner, Head of Long Life Infrastructure ...
IPEM · Adrian Mucalov
In Focus: Adrian Mucalov on opportunities and success factors ...
Adrian Mucalov · irei.com
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