Growth markets investor Actis has reached a final close for Actis Energy 4 with US$2.75 billion in capital commitments. Investors in the fund include pension funds, insurance companies, endowments and sovereign wealth funds. The fund will invest in select countries in Latin America, Africa and Asia, targeting control investments in electricity generation and distribution businesses. Separately, Actis committed US$525 million to establish Atlas Renewable Energy, a pan-Latin America renewable energy platform based in Chile, and acquire a 1,500-megawatt pipeline of solar photovoltaic (PV) power generation assets from developer SunEdison. The assets include 578 megawatts of contracted projects in operation, with the remainder in the development stage. Atlas Renewable Energy’s core target markets will include Brazil, Mexico, Uruguay and Chile.