General Atlantic to Buy Infrastructure Investment Firm Actis (1)

General Atlantic has agreed to acquire London-based private equity firm Actis, broadening the US investor’s footprint in sustainable infrastructure investment.

The deal will expand General Atlantic’s assets under management to about $96 billion, according to a joint statement from the companies Tuesday. Actis, which manages about $12.5 billion in assets, will become the sustainable infrastructure arm within General Atlantic’s investment platform. Financial terms weren’t disclosed.

Major investment firms have been boosting their exposure to infrastructure. BlackRock Inc., the world’s biggest money manager, said last week it will buy Adebayo Ogunlesi’s Global Infrastructure Partners for about $12.5 billion ...