China-Africa Development Fund
|China||US$ 5 Billion|
Transparency Rating: 4
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Firm Investment Style: Mixed
Entity Structure: Fund
Population Est.: 1.354 billion – 2012
Wealth Per Capita Est.: Min.
The China-Africa Development (CAD) Fund was established by the China Development Bank (CDB) as an investment vehicle in Africa.
In March 2007, the Chinese government officially established the China-Africa Development Fund. The funding will be broken out in 3 stages, totaling US$ 5 billion with the first phase being funded by the China Development Bank.
Strategy & Objectives
The fund will be able to invest in stocks, convertible bonds and other quasi-equity type of investments in Africa. It may also invest in a “fund of funds” type of investment.