CDC to target Asia, Africa investments exclusively
CDC, a development finance institution that makes private equity investments in emerging markets on the behalf of the UK government, will focus exclusively on South Asia and sub-Saharan Africa, following a year-long review of its activities. These areas account for 70% of the world’s poor.
Rather than operating solely as a fund of funds, CDC will resume direct investments, which will represent up to 20% of its portfolio by 2015. It broke off direct investments as part of a reorganization...
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