AXA and Barclays back CDC

CDC (Caisse des Dépots et Consignations), which operates with the government backed initiative France Investissement, has received the added support of AXA Private Equity and Barclays Private Equity to go along with AGF Private Equity, Groupe Caisse d’Epargne, Natixis, Finama Private Equity and Société Générale Asset Management. Both AXA PE and Barclays PE will be contributing €30M each (AXA’s portion is going towards a new €50M fund-of-funds). Negotiations are ongoing to bring in another partner by the end of this year.

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