UK Government-backed emerging markets fund of funds CDC Group has cut its commitment to private equity house Actis’ latest infrastructure fund by a third. The move has come as CDC re-evaluates the amount of money it is able to put into new funds.

CDC has reduced its commitment to Actis' second infrastructure fund from the $750m (€510m) it promised in January last year to $500m, according to a CDC spokesman. CDC had also seeded the fund with $167m of African energy assets but the spokesman highlighted that their values had also dropped since last year.