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Maersk family foundation launches Africa infrastructure fund

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Isaac Kaledzi is an experienced and award winning journalist from Ghana. He has worked for several media brands both in Ghana and on the International scene. Isaac Kaledzi is currently serving as an African Correspondent for DW.

A.P. Moller Holding, which controls Danish shipping giant A.P. Moller-Maersk, said Wednesday it has launched a new fund that will invest in infrastructure in Africa.

The fund, which was launched with pension funds PKA, PensionDanmark and Medical Doctors’ Pension Fund, has received commitments of $550 million and aims to raise $1 billion.

The fund will be managed by former Maersk management members Kim Fejfer, Lars Reno Jakobsen and Joe Nicklaus Nielsen, as well as Jens Thomassen, who is joining from Denham Capital.

“We are delighted to have established a new promising company in our portfolio with a strong team, who hold the right capabilities and experience to manage infrastructure investments in emerging markets,” said A.P. Moller Holding Chief Executive Robert Maersk Uggla.

A.P. Moller Holding is a wholly-owned fund established in 1953 by the founder of A.P. Moller Maersk with approximately $20 billion under management. The holding company owns 41.5 percent of shares and 51 percent of voting rights in the listed Maersk company.

Fejfer used to run the company’s APM Terminals division which manages ports around the world and has invested in ports in sub-Saharan countries such as Nigeria and Ghana.

Reuters

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