FRANCE - AXA and Barclays back CDC

The addition of the two private equity houses will see a new EUR 50m fund of funds created to which AXA PE will commit 60% of the total value, with the remainder coming from the public domain. Barclays PE for their part will contribute EUR 30m to CDC funds.

The investors join AGF Private Equity, Groupe Caisse d’Epargne, Natixis, Finama Private Equity and Société Générale Asset Management in the program, while ongoing negotiations may see an eighth partner bringing their support by the end of 2008.

Since its creation nearly two years ago France Invesissement have invested EUR 817m on behalf of their partners, EUR 587m which was allocated by CDC's investment arm, CDC Entreprises.

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