Centricus Partners With Turkey's Actus Portfoy On $1B Infrastructure Fund

Sep 26 2017 | 7:42pm ET

London-based alternative capital platform Centricus is partnering with Turkish private equity company firm Actus Portfoy to raise up to $1 billion over the next twelve months for investment into long-term infrastructure projects.

The two companies will apply for registration with Turkish securities regulators shortly, according to an article in Bloomberg. Actus is 90%-owned by Istanbul-based conglomerate Global Yatirim Holding AS in which Centricus bought a 30% stake in June.

Once approved, the fund will begin investing from an initial $250 million raised from investors in the Gulf and several SWFs, the article continued. Initial targets include investments in infrastructure opportunities such as toll roads and bridges in Turkey and the broader region. Public-private partnerships are also possible, Bloomberg said, as is an eventual IPO of the fund or its assets. 

Centricus, founded in 2016 by former Deutsche Bank bankers Michele Faissola and Nizar Al-Bassam and ex-Goldman Sachs executive Dalinc Ariburnu, was rebranded from F.A.B. Partners following the acquisition of Halkin Asset Management in May. Its inaugural deal was the purchase of $14 billion private debt specialist CIFC last August for about $333 million. 

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