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

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Why Is The Shipping Industry Underwater?

Jul 31 2014 | 7:31am ET

Anyone who’s taken a look at the global shipping industry recently probably knows...

 

Publisher's Note