CDC Group approves $50m commitment

The London-based government-related impact investor has backed an African private equity fund.

Institution: CDC Group
Headquarters: London, UK
AUM: £5.8bn

CDC Group has confirmed a $50 million commitment to AfricInvest Fund IV, a contact at the institution informed Private Equity International.

AfricInvest‘s fourth early-stage vehicle will invest in mid-cap businesses active in sectors including financial services, logistics, manufacturing, agribusiness, healthcare and education.

As illustrated below, the £5.8 billion UK impact investor’s most recent private equity commitments have been to venture capital, growth and buyout funds focusing on the Middle East and Africa.

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