Our investment
In 2013, CDC invested $50 million into CELF IV to provide much-needed loan finance to private sector projects and businesses in Africa and South Asia.
Expected impact
Lending done by local banks to businesses in developing countries is often too short-term to be effective. CELF IV is seeking to fill the gap left by the withdrawal of western banks in emerging markets and will provide scarce, long-term debt funding to firms in these areas.
It will focus on providing debt finance to projects, companies and banks across a wide range of sectors, usually in the form of senior, secured loans. This will help to stimulate wider business activity and economic growth.
Our commitment has also helped Cordiant Capital raise $250 million for CELF IV from Canadian, Danish, Dutch, Swiss and Central and Eastern European institutional investors.
Environmental and social aspects
Cordiant has a proven commitment to environmental and social (E&S) management and a limited risk profile.
Key facts
- Status:
- Active
- Region
:
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
- Sector
:
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.
- Communications and IT Services, Financial services, Food and agriculture, Infrastructure, Manufacturing, Others
- Website:
- http://cordiantcap.com/
- Investment type
:
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund manager:
- Cordiant
- 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
- April 2013
- Amount
:
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.
- $30m
- Domicile
:
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- Luxembourg
Investments made by this fund
- Active
- Exited
| Investment name | Country | Region | Sector | Start date | Status |
|---|---|---|---|---|---|
|
Caepco
CAEPCO is a power company based in Kazakhstan, focused on the production of electricity and steam. |
Kazakhstan | Rest of the World | Infrastructure | September 2013 | Active |
|
MAK
MAK is a privately-owned mining company in Mongolia, focused on the mining of high quality coking coal |
Mongolia | Rest of the World | Others | September 2013 | Active |
|
Prasac
Prasac is Cambodia’s largest microfinance institution providing MSME and group loans to individuals situated in rural communities across the country. |
Cambodia | Rest of the World | Financial services | September 2013 | Active |
|
Vicentin 2013
Vicentin is a family run business that was founded in 1929 as a cotton trader. It started producing edible oils using cotton seed, branched out to sunflower and peanuts, and in the 1970s entered the soy crushing business as the industry was firmly establishing itself in the country. Vicentin is currently one of the largest oilseed processors in Argentina and has continuously modernized and invested in order to keep up with its competitors and remain a state-of-the art player. |
Argentina | Rest of the World | Food and agriculture | September 2013 | Active |
| Pannonia Expansion | Hungary | Rest of the World | Infrastructure | October 2014 | Active |
|
SA Taxi II
SA Taxi II provides financing to South African minibus operators through asset-based loans. It is an enabler of affordable and safe transport to over 14 million South African commuters. |
South Africa | Africa, Southern Africa | Manufacturing | October 2014 | Active |
| Ekol Ships | Turkey | Rest of the World | Manufacturing | March 2015 | Active |
| Bayport Colombia | Colombia | Rest of the World | Financial services | June 2015 | Active |
|
Karadeniz Powerships
Karadeniz Powerships is part of the energy wing of Turkey-based Karadeniz Holding. The powership is expected to generate approximate 225MW of electricity to augment Ghana's energy needs. |
Ghana | Africa, West Africa | Infrastructure | June 2015 | Active |
| Hayat Hygiene | Turkey | Rest of the World | Manufacturing | June 2016 | Active |
| Asyaport | Turkey | Rest of the World | Infrastructure | September 2016 | Active |
| Kingston Container Terminal | Jamaica | Rest of the World | Infrastructure | September 2016 | Active |
| Pastoraie Wind | Uruguay | Rest of the World | Infrastructure | September 2016 | Active |
| Project Omega | Rest of the World | Communications and IT Services | September 2016 | Active | |
| Biosev | Brazil | Rest of the World | Food and agriculture | December 2016 | Active |
| Don Mario | Argentina | Rest of the World | Food and agriculture | December 2016 | Active |
| GSM-GSA uHydro | Guatemala | Rest of the World | Infrastructure | December 2016 | Active |
| Agrop | Paraguay | Rest of the World | Food and agriculture | Exited | |
|
Bahia Cellulose II
Bahia Cellulose, based in Brazil, is a large producer of cellulose. |
Brazil | Rest of the World | Manufacturing | Exited | |
| Bunge Trade Finance | Brazil | Rest of the World | Food and agriculture | Exited | |
| CIFI | Panama | Rest of the World | Financial services | Exited | |
| Eurus | Mexico | Rest of the World | Infrastructure | Exited | |
| Fiagril | Brazil | Rest of the World | Food and agriculture | Exited | |
| Finca uFinance | Azerbaijan | Rest of the World | Financial services | Exited | |
| ICE 2013 | Costa Rica | Rest of the World | Communications and IT Services | Exited | |
|
Kegoc 2013
KEGOC is the Kazakhstan state-owned entity responsible for owning and operating the Kazakhstan transmission network, administering the dispatch of generation and operating the system’s balancing services |
Kazakhstan | Rest of the World | Infrastructure | Exited | |
| Libertador Oil/Pardaliservices | Brazil | Rest of the World | Others | Exited | |
|
LOMC
LOMC is a NBFI involved in three distinct lines of business in Sri Lanka: micro leasing, microfinance, and gold backed lending |
Sri Lanka | South Asia | Financial services | Exited | |
| Sathapana (formerly Cambodian Entrepreneur Building (CEB)) | Cambodia | Rest of the World | Financial services | Exited | |
|
TBC Bank
TBC Bank is a leading Georgian universal bank headquartered in Tbilisi, Georgia. It provides services to over 700,000 customers in its four business segments: corporate, retail, SME and micro. |
Brazil, Georgia | Rest of the World | Financial services | Exited |
