CDC to invest $1b in India via LP, direct commitments
CDC Group, the UK government’s development finance arm, plans to commit $1 billion to India over the next 4-5 years, with nearly half of it coming through direct investment. The projection is in line with a wider adjustment in CDC’s mandate that will see it focus exclusively on South Asia and Africa and also return to direct investment after eight years spent operating on a fund-of-funds basis.
The change in strategy has been anticipated ever since the completion of a government review of CDC's operations. The group, which has net assets of $2.6 billion, said last summer that direct and debt...
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