CDC appoints ex-Actis partner head of direct investment
CDC Group, the UK development finance institution that targets private equity investments in South Asia and sub-Saharan Africa, has appointed Mark Pay to head up its direct investments division. Pay is rejoining the group, having departed in 2004 as part of the spinout of Actis.
CDC is expected to significantly increase its direct investments in the coming years. This follows a review of the group's business, which last year led to the announcement that it would resume direct...
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