Friday, 28 October 2016
Last updated 17 min ago
Dec 10 2008 | 1:17pm ET
CDC Group, the U.K. government-owned fund of funds, is seeking proposals from private equity fund managers for a fund that will invest in sustainable forestry in sub-Saharan Africa.
CDC invests in private equity funds that have a focus on emerging markets, with a particular emphasis on Africa and South Asia. The group views forestry as a growing asset class, which has experienced under-investment in emerging markets, especially Africa. It also believes that forestry is under-represented in its own portfolio.
To that end, CDC is ponying up US$50 million to US$100 million to finance its forestry mandate.
Proposals for the mandate, which can be accessed from CDC’s Web site, are due on Jan. 15.