CDC Commits to South Africa

CDC Group has made a pair of $10 million commitments to private equity funds focused on opportunities in South Africa. The first is to Medu Capital Fund II, while the other is to Horizon Equity III. Get more info.

CDC Group (“CDC”), the UK government-backed private equity emerging markets fund of funds investor, today announces that it has made new commitments totaling US$20m to two private equity funds focused on investment in South Africa. These funds will focus on growth capital to local mid market companies. It is expected that these two funds will raise over US$150m in aggregate for investment in the region.

CDC has made the following commitments: