CDC Group Plc.

, the development finance institution of the UK government, plans to double its

exposure to India with investments of up to $3-3.5 billion by 2021, senior executives said in an
interaction.

The CDC’s India portfolio currently stands at $1.7 billion across direct investments into companies
and investments in private equity and venture capital funds. CDC has backed several Indian private
equity and venture capital fund managers to raise their maiden funds. The firm invests directly
through both equity and debt.

“The Department for International Development (DFID) has announced $3.5 billion capital
commitment to CDC, which will come in over the next three years. So, we know that our balance
sheet, which today stands at about $6 billion, will probably rise to somewhere between $10-12
billion over the next three years, as a combination of new capital and, obviously, the returns on the
capital that we have already got invested. And, I would expect 30% of that to be invested in India,”
said Nick O’Donohoe, chief executive officer, CDC.

CDC’s plans to invest more in India will see the firm increase the pace of direct investments, said
O’Donohoe. “Presently, our portfolio is equally split between direct and indirect investments, but in
terms of new money— the incremental dollars, it will be more heavily tilted towards direct
investments via equity and debt,” he added. Of the total investments, the fund committed $1,009
million directly to 14 companies and set aside $725 million for 293 indirect investments as of year
ended 31 March 2019, compared to $859.6 million direct investments in 13 companies and $693
million for 280 indirect investments in the previous year.

The fund, with 30-35% of its overall portfolio dedicated to India, focuses on seven core sectors,
including financial services, infrastructure, healthcare, affordable housing, food and agriculture,
consumer and education, for direct investments.

CDC’s investments focus largely on the poorer states in the country, according to Srini Nagarajan,
managing director and head of Asia, CDC India Advisers.

“For us, job creation is very important. We focus on the low-income parts of India, particularly the
BIMARU states (Bihar, Madhya Pradesh, Rajasthan, and Uttar Pradesh), north-eastern states,
Telangana and Andhra Pradesh, which we call as the A and B category states. These are very crucial
to us because most private investments don’t want to go there. And, we feel our kind of capital is
very necessary in these states to have a much more catalytic effect,” he added.

For its indirect investments, the firm plans to move away from large, generalist fund managers to
specialized funds focused on impact, infrastructure and housing, among other areas. It has so far
invested in 72 funds in India since its inception.
“I think when we look at our fund strategy today, it is much less of investing in the big funds in India,
which is historically what we have done, and much more about investing in specialized funds,” said
O’Donohoe. “In India, the places where we think we are likely to find specialized funds are
infrastructure, food and agriculture, affordable housing and, possibly, healthcare. And then, there is
a broader category of impact funds which we would also look at,” he added.

CDC also provides venture capital to startups focused on the development theme. By 2021,
O’Donohoe said, the fund plans to invest $30-35 million in venture funds in India. Of this, it has
already committed around $16 million to two funds.
CDC cluster Plc., the event finance establishment of the united kingdom government, plans
to double its exposure to Asian country with investments of up to $3-3.5 billion by 2021,
senior executives aforesaid in AN interaction.

The CDC’s Asian country portfolio presently stands at $1.7 billion across direct investments
into corporations and investments privately equity and capital funds. agency has
backed many Indian personal equity and capital fund managers to boost their maiden funds.
The firm invests directly through each equity and debt.

“The Department for International Development (DFID) has declared $3.5 billion capital
commitment to agency, which is able to are available in over ensuing 3 years. So, we all
know that our record, that these days stands at concerning $6 billion, can in all
probability rise to somewhere between $10-12 billion over ensuing 3 years, as a mix of
latest capital and, obviously, the returns on the capital that we've got already got invested
with. And, i'dexpect half-hour of that to be invested with in Asian country,” aforesaid Nick
O’Donohoe, chief officer, CDC.

CDC’s plans to take a position additional in Asian country can see the firm increase the pace
of direct investments, aforesaid O’Donohoe. “Presently, our portfolio is equally split between
direct and indirect investments, however in terms of latest money—
the progressive bucks, it'll be additional heavily atilt towards direct investments via equity
and debt,” he added. Of the overall investments, the fund committed $1,009 million on
to fourteen corporationsand put aside $725 million for 293 indirect investments as of
year complete thirty one March 2019, compared to $859.6 million direct investments
in thirteen corporations and $693 million for 280 indirect investments within theprevious
year.

The fund, with 30-35% of its overall portfolio dedicated to Asian country, focuses on seven
core sectors, as well as money services, infrastructure, healthcare, reasonable housing, food
and agriculture, client and education, for direct investments.

CDC’s investments focus for the most part on the poorer states within the country, in line
with Srini Nagarajan, director and head of Asia, agency Asian country Advisers.

“For us, job creation is extremely vital. we have a tendency to specialise in the low-
income components of Asian country, notably the BIMARU states (Bihar, Madhya Pradesh,
Rajasthan, and Uttar Pradesh), north-eastern states, Telangana and province, that we have a
tendency to decision because the A and B class states. These area unitterribly crucial
to North American nation as a result of most personal investments don’t need to
travel there. And, we have a tendency to feel our reasonably capital is extremely necessary
in these states to own a far additionalchemical process result,” he added.
For its indirect investments, the firm plans to maneuver removed from massive, scholarly
person fund managers to specialised funds targeted on impact, infrastructure and housing,
among different areas. it's to this point invested with in seventy two funds in Asian
country since its beginning.

“I assume once we explore our fund strategy these days, it's a lot of less of finance within
the massive funds in Asian country, that is traditionally what we've got done, and
far additional concerning finance in specialisedfunds,” aforesaid O’Donohoe. “In India, the
places wherever we expect we have a tendency to area unit probablyto seek
out specialised funds area unit infrastructure, food and agriculture, reasonable housing and,
possibly, healthcare. And then, there's a broader class of impact funds that we
might conjointly explore,” he added.

CDC conjointly provides capital to startups targeted on the event theme. By 2021,
O’Donohoe aforesaid, the fund plans to take a position $30-35 million in venture funds
in Asian country. Of this, it's already committed around $16 million to 2 funds.
About Will Edwards
Will Edwards is a writer of inspirational non-fiction, but he also writes business books and dabbles in a
number of other genres including allegory. Born and raised in the north of Liverpool, he attended the
'tough old school' he wrote about in his first novel 'Fergus and Me'. With some of the teachers
bordering on psycho, he describes his outstanding achievement of the early part of his life as, simply,
surviving it.

He eventually completed the formal part of his education, graduating from the University of
Birmingham and travelled the world with the British company Apricot International. He became
Technical Manager of the company and a lifelong member of the British Computer Society before
finally discovering his life purpose, to encourage other people to live more meaningful lives.

His passion for personal development led to the launch of his hugely successful website and
publishing imprint, White Dove Books. These days, he lives in a converted old barn nestled into the
beautiful Exe Valley in the English county of Devon where he does most of his thinking, walking and
writing. In his spare time, he likes to write songs and he can often be seen singing and playing guitar
or piano at local musical events.

To live a truly successful life, you do need to first have a dream. As Carl Sandburg, American
historian, poet and novelist put it, "nothing happens unless first a dream." If you think about it,
nothing at all now exists within our experience of physical reality that did not first exist in the mind
of the person who made it or brought it into being. In all cases, everything is created twice: as
Stephen Covey once put it, the physical creation follows the mental creation. To succeed, you must
have a dream, or you may prefer to call it a vision, and you must completely commit yourself to its
ultimate fulfilment - that is the essence of the mental creation. Here is one of the real secrets of
success: you should dream big dreams because you can have anything you want! Read that
statement again and let it really sink in because it is true that you can have anything you want; you
can be anything you want to be and you can do anything you want to do. This may at first seem a bit
self-indulgent to you, but your deepest desires constitute a strong indicator of your own life
purpose.