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CDC Group commits $100m into Africa-focused fund

The British government-backed group is committing to Helios Investors IV fund, which aims to raise $1.25bn to support initiatives in African countries

Africa-focused buyout firm Helios Investment Partners has secured $100m in commitments from UK’s development finance institution and impact investor CDC Group for its latest growth equity fund.

The vehicle, Helios Investors IV, is seeking to raise $1.25bn to invest in African countries, according to a filing by the World Bank’s International Finance Corporation (IFC). Launched in June 2019, the strategy is set to be larger than its predecessor, which closed five years ago at $1.1bn.

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