Citi Launches Africa P.E. Fund

Jan 15 2007 | 11:38am ET

Citigroup and CDC Group, the U.K. government’s fund of funds group, are teaming up to launch a $200 million dedicated African private equity fund, the firms said today.

Both are to put $100 million into the CVCI Africa Fund, Citigroup’s first focused on the continent. The fund will be managed by Citigroup Venture Capital International.

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