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

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of