Britain’s Commonwealth Development Corporation Announces New $110 Million Impact Fund for Africa and South Asia
The Commonwealth Development Corporation Group (CDC), Great Britain’s Development Finance Institution, has announced that it is seeking new ways to expand the market for impact investment in Africa and South Asia. As a part of this effort, the CDC has set up a $110 million dollar Department for International Development (DFID) Impact Fund. The CDC is requesting proposals from fund managers, holding companies, non-profit organizations and other investment vehicles that might be interested in receiving investment from the DFID Impact Fund.
The DFID Impact Fund will fund impact investment intermediaries that provide capital to businesses and projects improving the lives of the poorest in sub-Saharan Africa and South Asia. The fund will operate on an impact-first basis and while it has set no goal for an annual rate of return, it does expect to have its capital returned upon exit. The CDC is accepting proposals until 12 Noon GMT on February 8th, 2013. If your organization is interested in submitting a proposal, please find the complete RFP here and the required basic information sheet here. All proposals should be sent to email hidden; JavaScript is required.
