Saturday, 4 July 2015
Last updated 1 day ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…