CDC Commits $650M To EM Private Equity Fund

May 23 2008 | 2:00am ET

CDC Group, the U.K. government-backed private equity emerging markets fund of funds, has committed US$650 million to Actis’ third series of funds for investment across emerging markets.

Actis’ Actis Emerging Markets 3 comprises of a global fund and four regional investment pools targeted at Africa, South Asia, China and Latin America.

The firm was formed following a demerger from CDC in July 2004 when it assumed all direct investment activity and operations previously overseen by CDC. Actis now has over US$3.5bn funds under management and over 100 professionals located in 14 offices.
 
“We believe there remain considerable investment opportunities across emerging markets, particularly at a time when they are not experiencing such a significant credit squeeze as Western economies,” Richard Laing, CEO of CDC, said.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note