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Torbjorn Caesar
Investing in sustainable infrastructure
Torbjorn Caesar is the Senior Partner and Chairman of Actis, a leading global investment firm focused on sustainable infrastructure.12 He has held this position since June 2015, when he was elected by the Actis Partners.3 In this role, Caesar has significant responsibilities:
Leadership and Strategy
Caesar is responsible for:
- Overall performance and strategy of Actis1
- Managing the firm's people and funds1
- Appointing and chairing the Executive Committee and Investment Committee2
- Leading the firm's strategic development and growth2
Background and Experience
Career at Actis::
- Joined Actis in 2002 as a founding partner12
- Initially served as CEO of Globeleq, the sole platform company of Actis Energy Fund 11
- Co-headed Actis' energy business before becoming Senior Partner3
Prior Experience::
- Entrepreneur and CEO before joining Actis12
- Worked at ABB for over 12 years in various roles, including power plant services, sales, development, finance, and equity investments12
Education
- MSc in Mechanical Engineering from Chalmers University of Technology, Sweden12
- MBA from IMD in Switzerland12
Philosophy and Approach
Caesar leads a team with extensive operational experience in building, operating, and transforming companies into sustainability leaders on a global scale.2 He is committed to providing top returns to investors while making a tangible difference in the communities where Actis invests.4
Under his leadership, Actis has grown into a leading global investor in sustainable infrastructure, focusing on delivering consistent, competitive returns responsibly through local knowledge and sector expertise.4
Highlights
I’ve been in New York City this week, speaking at the Global Private Capital Association GPC Conference 2024 on a panel about how energy investing is translating into returns. It was a great session, here are some key points we discussed:
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The energy transition is the investment opportunity of a lifetime, but one that will only be financed and delivered if returns meet expectations
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The climate transition opportunity “universe” is enormous and complex, with multiple sectors, technologies, business models offering an array of opportunities but driving investment returns requires focus and discipline, with a deep understanding of sectors, risks and rewards, and with value creation strategies that play to an investor’s strengths
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The energy transition opportunity is further amplified by digitalisation, with AI in particular driving the need for more power, especially in Asia
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Gas still has an essential part to play in the transition journey, as do transmission assets - there can be no transition without transmission
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Emerging sectors such as green hydrogen, battery storage and district cooling offer opportunity in specific circumstances, which is why, again, investment discipline remains key
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Two thirds of the capital invested in the power sector goes to the US and Europe and only one third for the rest of the world – but it is precisely outside of developed, western markets that the demand for power is highest and this where the opportunities lie. Where do you want to be? With two-thirds of the capital chasing one-third of the opportunities? Or with the one-third of the capital that is chasing two-thirds of the opportunities?
All in all, from the conversations I continue to have, although there are still challenges in the market there’s plenty to be optimistic about. The growth markets Actis invests in are driving the global economy forward and delivering the strongest risk-adjusted returns. The climate and energy transition opportunity Actis invests in is vast and attractive to LPs. There are also signs pointing to GP consolidation gathering pace, which further underscores our decision to combine with General Atlantic. Lots to be excited about.
#sustainableinfrastructure #energytransition
It was great to catch-up with so many investors at the Infrastructure Investor Network Global Summit in Berlin last week and discuss how Actis is building value for a better tomorrow. We hosted over 90 LP meetings which demonstrated that investors are aligned with our strategy and the structural trends that underpin it.
The market understands the climate imperative and the opportunities created by the energy transition and the demand for new, renewable energy generation. But knowledge in this area continues to grow and deepen. Investors are increasingly alive to the opportunities offered by sustainable climate-related infrastructure beyond energy, such as district cooling infrastructure, as well as the importance of having sustainable infrastructure assets capable of mitigating growing climate risks. We are seeing strong alignment on this.
The other development in how LPs are thinking about their portfolios relates to geography and markets. Geopolitical and demographic winds are blowing East and South, where investors are looking beyond traditional Western markets to secure compelling returns. Structural trends point to the biggest growth opportunities being in growth markets, meaning there are fantastic opportunities to be capitalised on for asset managers building and operating safe, defensive infrastructure assets with downside risk in these markets.
