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Dept for International Development

Answer

Gregory Barker: To ask the Secretary of State for International Development if he will list CDC/Actis Capital holdings in funds (a) solely managed, (b) joint managed and (c) not managed by CDC/Actis Capital; and how much capital has been in each fund since 2002. [189062] Hilary Benn: CDC invests all its funds through fund managers, whose performance it directs and monitors; to that extent, all CDC's investments are solely managed. The following data, which are at cost, relate exclusively to Actis: £000 _________________________________________________________________________________________________. December 2002 December 2003 June 2004 (a) Funds solely managed by Actis Commonwealth Africa Investment 13,873 13,873 13,873 Fund South Asia Regional Fund 31,965 31,603 24,784 Nandi 18,566 10,050 3,695 Actis Fund 1 1,203,583 1,239,787 1,163,623 Actis Fund 2 -- -- 988 (b) Funds jointly managed by Actis with Norfund Aureos SME Funds 27,002 24,029 25,400 (c) Fund investments managed by Actis on behalf of CDC Capital Alliance Private Equity 1,887 2,340 2,340 Gujarat Venture Capital 1,296 1,243 1,216 H&Q Asia Pacific 3,877 3,854 3,811 Nusantara Investment Fund 3,025 3,025 3,025 Praxis Active Equity Fund 3,316 3,431 3,489 South Africa Franchise Equity 421 460 460 Fund Total invested portfolio at cost 1,308,810 1,339,630 1,246,702 _________________________________________________________________________________________________.

Secondary information

Type

Written question

Reference

424 c1712-4W;424 c1710-2W; 189062

Session

2003-04

Subjects

Capital investment Finance Joint ventures Overseas investment CDC Capital Partners CDC

Link

View this Written question on www.publications.parliament.uk