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Written question asked by Preet Kaur Gill (Labour) on Friday, 17 July 2020, in the House of Commons. It was due for an answer on Wednesday, 22 July 2020 (named day). It was answered by James Duddridge (Conservative) on Tuesday, 1 September 2020 on behalf of the Department for International Development.


CDC: Private Equity

Question

To ask the Secretary of State for International Development, how much the CDC Group has invested via private equity funds in each of the last five years.

Answer

CDCs invests through Private Equity Funds to provide growth capital to companies in Africa and South Asia to create jobs and transform economies, focussing on the small and mid-size companies that face the biggest financing gap.

CDC's backing for Fund managers helps promote the adoption of higher Environmental, Social and Governance standards and support the development of self-sustaining local finance markets.

In the last five years CDC made new investment commitments to private equity funds of:

  • 2015 - £238m
  • 2016 - £289m
  • 2017 - £273m
  • 2018 - £311m
  • 2019 - £284m.

Secondary information

Type
Written question
Reference
76091
Session
2019-21
Subjects
Investment Private equity CDC
Contains statistics
Yes
Link
View this Written question on www.parliament.uk