Private equity, joint private-public venture

Cordiant was selected by the Canadian Government to co-manage the US$212 million Canada Investment Fund for Africa (CIFA), a joint private-public venture. Cordiant and Actis have been together responsible for developing, structuring and managing the Fund which invests in equity for private companies across the African continent.

The Fund was established as part of Canada's commitment to the G8 Africa Action Plan and was announced by the Prime Minister at the G8 meeting at Kananaskis, Alberta. The Government of Canada contributed C$100 million to the Fund with the balance raised from third party investors as a testament to the Fund's investment philosophy and the reputation of its managers.