Date Closed

June 20, 2005

Lead Office

Montréal

Value

500.00 Million CAD

On June 20, 2005, the Canada Investment Fund for Africa LP (CIFA) successfully achieved its initial close with an anchor commitment from the Government of Canada, an equivalent contribution raised from third parties including CDC Group plc. The Canadian government's initiation of this fund is part of the $500 million Canada Fund for Africa, which was established to enhance Canada's commitment to the G8 Africa Action Plan and the New Partnership for Africa's Development. Actis Capital LLP and Cordiant Capital Inc. were selected by the Government of Canada to manage the fund jointly following an extensive public tendering process.

McCarthy Tétrault advised CIFA with a team that was led by Martin Peter.