This firm was purchased for over USS 2 billion in 2006 by a consortium of Canadian investment funds led by Brookfield Asset Management (BAM). In addition, 20% of its capital is applied in more cyclical activities, such as residential real estate or privately owned firms. Actis is a private capital enterprise that invests in emerging- market infrastructure projects or in those that capture the growing purchasing power of the new middle classes. It has US$ 4.6 billion in its portfolio, invested in 65 firms. Only 9% of its assets are in energy, and 5% in Latin America. The monies it manages mainly come from pension funds, investment funds, and sovereign wealth funds.