CDC Group approves $70m commitment

The UK development finance institution has backed an India-focused infrastructure fund.

Institution: CDC Group
Headquarters: London, United Kingdom
AUM: £4.70 billion

CDC Group has approved a commitment of $70 million to Green Growth Equity Fund (GGEF), according to a press release. The fund is managed by EverSource Capital and has a target size of $700 million. Investments will be focused on energy and renewables sectors through unlisted equity in India.

As illustrated below, CDC Group’s recent private infrastructure commitments have focused  primarily on unlisted equity in the energy, renewables, social infrastructure and telecoms sectors.

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