A.P. Møller Capital

About A.P. Møller Capital

A.P. Møller Capital is a Danish emerging-markets infrastructure investor with approximately $2 billion of assets under management as of December 2024, headquartered in Hellerup, Copenhagen. The firm was founded in 2017 as a spin-out from A.P. Møller Holding, the Maersk family investment vehicle, and operates as a private fund manager regulated by the Danish FSA as an AIFM. A.P. Møller Capital combines the Maersk family's 120-year shipping pedigree with development-finance LPs including IFC, DEG and AIIB.

Investment thesis

A.P. Møller Capital deploys capital through two closed-end infrastructure funds (Africa Infrastructure Fund I, 2017 vintage; Emerging Markets Infrastructure Fund II, 2022 vintage targeting $1 billion), with strategic focus on low-carbon transport and renewable energy infrastructure assets. Sector focus spans ports and logistics, renewable energy, transportation, power and maritime infrastructure, with geographic deployment approximately 50% Africa and 50% South and Southeast Asia plus selective Middle East exposure. The platform is the only Maersk-family-backed infrastructure manager combining the shipping heritage with development-finance institutional anchors.

Recent activity

Realised exits remain limited reflecting the long-hold infrastructure investment model. Recent investments include renewable energy (2024), transport infrastructure (2024) and port logistics (2025). Related A.P. Møller Holding actions across 2024-2025 include Maersk Offshore Wind (2024), Vioneo (2024) and Upway e-bikes (November 2025) via the parent entity. The platform continues active deployment across EMIF II. Detailed buyer names and multiple data available on Pro at €49/month.