AIF Capital Asia III LP

China, India, Indonesia Other consumer services, Health, Infrastructure, Financial services, Manufacturing, Others, Food and agriculture

This is a mid to large-cap generalist fund investing in India and South East Asia.

This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

Key facts


Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

Rest of the World

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

Financial services, Food and agriculture, Health, Infrastructure, Manufacturing, Other consumer services, Others
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

Intermediated investment
Fund manager:
AIF Capital
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

October 2006

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.


This is the investee company’s place of incorporation; or a fund’s jurisdiction.

Cayman Islands

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
GPT Steel Industries Ltd

GPT Steel Industries Limited has a 650,000 ton per annum tin plate and cold rolled (CR) steel plant in Gujarat, India. Its tin plate products are used for packaging (edible oil can and food) and its CR products target the high-end white goods and auto sectors.

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India South Asia Others December 2006 Active
CN Innovations Holdings

CN Innovations is involved in the precision engineering and surface treatment for mainly metal and glass components, using technologies such as metal injection moulding and physical vapour deposition.

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China Rest of the World Manufacturing March 2007 Active
Pacific Plas Pte. Ltd

Pacific Plas Pte. Ltd is a holding company with subsidiaries in consumer packaging-related industries in Indonesia, China, Malaysia and Australia.

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Indonesia Rest of the World Manufacturing June 2012 Active

CDC is becoming British International Investment