CDC Smitten By Africa Private Equity Funds

Jul 10 2008 | 10:33am ET

CDC Group has made new commitments totaling US$149.8 million to six private equity funds in Africa that are expected to raise a total of US$479 million for investment in the region.

CDC’s latest commitments bring its overall commitment in Africa to US$2.6 billion to date. Last year, CDC committed US$714 million to funds investing in Africa.

The U.K.-based government-owned fund of funds new commitments include: US$30 million to GroFin Africa Fund; US$30 million to Travant Private Equity Fund I; US$20 million to Capital Alliance Property Investment Company; US$31 million to SGAM Al Kantara Fund; US$31 million to Maghreb Private Equity Fund II; and  US$7.8 million to Central Africa Growth Sicar.

“These commitments include a number of ‘firsts’: the first pan-Africa fund investing in small enterprises, the three first time teams covering real estate in West Africa, private equity in West and Central Africa, and private equity in the Maghreb,” said Rod Evison, portfolio director.

Jean-Marc Savi-de-Tove, portfolio director, noted that in Central Africa, p.e. is almost non-existent as an asset class, but it is increasingly being accepted by entrepreneurs wanting to grow their businesses.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR