Co-Development & Investment Holdings

What Co-Development & Investment Holdings does

Co-Development & Investment Holdings (CDIH) is a Washington, DC-based private investment vehicle founded in 2014 as the successor to the Co-Development & Investment Consortium (CDIC), which was launched at the U.S.-Africa Leaders Summit convened by President Obama. The company builds and manages venture capital fund vehicles to finance African private companies, with a primary geographic focus on North Africa (Morocco, Algeria, Tunisia) and a broader pan-African mandate that the company describes as Africa's 'New Frontier.' CDIH operates two distinct portfolios: the Growth Portfolio, which provides direct investment and technical assistance (mentoring, coaching, market access advisory) to technology-driven SMEs in renewable energy, agriculture, and light manufacturing; and the Co-Investment Portfolio, a transatlantic alliance platform that secures development financing from international financial institutions (IFIs) and the US Government while attracting additional capital from multinational businesses and institutional investors.

CDIH's underlying technology is financial rather than digital — it consists of fund structuring expertise, blended-capital assembly from public and private sources, and an investment vehicle architecture that offers institutional investors familiar structures with traditional protections. The company generated its most prominent signal through the $200 million Tunisia investment commitment announced via the predecessor CDIC in 2014, which was reported across TAP, Italian Trade Agency, African Banker, and Attijariwafa Bank. Co-CEOs Michael Granger (also chairman of Africa Global Sourcing and co-founder of Ark Private Equity Partners) and Louis Lyonel Voiron (President of the Foundation for a World in Transition) lead the firm.

Revenue mechanics derive from three streams: venture capital fund management fees on deployed capital, co-investment returns from equity participation as seed and lead investor, and technical assistance/advisory services for portfolio SMEs. The customer base spans North African SMEs seeking growth financing, large strategic businesses seeking co-investment partners, and emerging African economies seeking advisory on SME financing infrastructure. CDIH's go-to-market is relationship-driven and sales-led, leveraging US Government policy endorsement, IFI relationships, and local distribution partners (Attijariwafa Bank, Italian Trade Agency) rather than public marketing. No revenue, pricing, or current AUM figures are publicly disclosed, and the company has not reported funding rounds or product launches since the 2014 launch window.

Name

Co-Development & Investment Holdings

Legal name

Co-Development & Investment Holdings

Website

https://cdih.us

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Co-Development & Investment Holdings is a Washington, DC-based private investment vehicle founded in 2014 that builds venture capital fund vehicles to finance African private companies, primarily targeting SMEs in North Africa (Morocco, Algeria, Tunisia) via two portfolios focused on direct growth investment and transatlantic co-investment.

Ownership category

akta.pro rank

Product category

Private Equity and Venture Capital Investment

NAICS

Other Financial Vehicles (52599), Funds, Trusts, and Other Financial Vehicles (525)

akta.pro primary industry

Corporate Venture Capital (CVC) (FSANAAAF)

Keywords

• Venture capital funds
• Private equity investment
• SME financing
• Co-investment platforms
• Africa development finance

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Venture Capital Fund Management: CDIH builds and manages venture capital fund vehicles to finance African private companies, targeting green investments in renewable energy, agriculture (capacity development and supply chain), and light manufacturing.
2. Co-Investment Returns: CDIH co-invests with local businesses in large-scale, high-value sustainable projects and participates as seed and lead investor in funds, generating returns through equity participation and investment management fees.
3. Technical Assistance and Advisory Services: The company provides technical assistance to support enterprise growth and competitiveness, with core services including mentoring, coaching, and market access advisory to North African SMEs.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

CDIH is a private investment vehicle that builds venture capital fund infrastructure to finance African private companies and operates as a transatlantic alliance bringing U.S., European, and African capital and expertise to North African markets. The company provides direct equity investment plus mentoring, coaching, and market-access advisory to SMEs in renewable energy, agriculture, and light manufacturing, and secures development financing from IFIs, the U.S. Government, and multinational investors to co-invest in large sustainable projects.

Product overview

Co-Development & Investment Holdings operates as a dual-portfolio investment vehicle focused on African private sector development. The company manages two distinct investment products: the CDIH Growth Portfolio, which directly invests in SMEs across North Africa (Morocco, Algeria, Tunisia) in sectors including renewable energy, agriculture, and light manufacturing, providing technical assistance and advisory services; and the CDIH Co-Investment Portfolio, which serves as a platform for securing traditional development financing from international financial institutions and facilitating co-investment from multinational businesses. Both portfolios operate under a venture capital framework designed to address financing gaps for emerging economies.

Differentiator

Problem solved

Functional benefit

Products and services

• CDIH Growth Portfolio An actively managed investment portfolio that provides direct equity investment and technical assistance (mentoring, coaching, and market-access advisory) to technology-driven SMEs in North Africa (Morocco, Algeria, Tunisia) operating in renewable energy, agriculture, and light manufacturing.
• CDIH Co-Investment Portfolio A transatlantic alliance platform that secures traditional development financing from international financial institutions and the U.S. Government, and brings additional capital and operational assistance from multinational businesses and institutional investors, as seed and lead investor for large-scale sustainable economic development projects in North Africa.

Quantifiable outcome

• Over 97% of enterprises in North African economies are SMEs that need financing support
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor and core.

• Italian Trade Agency (ICE - Istituto nazionale per il Commercio Estero)minorGTM or Marketing PartnerThe Italian Trade Agency featured CDIC's $200 million investment commitment to Tunisia, indicating a partnership for promoting investment opportunities and trade between Italy and North Africa.
• Tunisia (Government/Economic Development)coreStrategic or Co-development PartnerCDIC devoted $200 million to promote investment in Tunisia. The company has been identifying opportunities on the ground in various African countries including Tunisia, bringing tools and resources to build sustainable businesses around them.
• Attijariwafa BankminorChannel Partner/ Reseller/ DistributorAttijariwafa Bank Intermediation featured CDIC's $200 million investment commitment to Tunisia, suggesting a distribution and intermediation partnership for investment activities.
• Power Africa InitiativeminorStrategic or Co-development PartnerMichael Granger has been instrumental in Power Africa, a $7 billion U.S. Government's initiative announced by President Obama to double access to power in sub-Saharan Africa. This represents a strategic partnership for infrastructure development across Africa.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Development Partners International (DPI): Pan-African PE firm backed by Development Finance Institutions, focused on growth-stage African companies. Similar LP composition and African growth mandate to CDIH, though operating with much larger fund vintages.
• Actis: Actis is a large, established emerging-markets private equity firm with a long track record of investing across Africa (energy, consumer, financial services). Comparable to CDIH as a policy-connected, Africa-focused PE/VC sponsor, but materially larger and more diversified.
• Africa Finance Corporation (AFC): African infrastructure and development finance institution providing capital to African private and public sector projects. Comparable to CDIH as a non-bank, policy-aligned financier of African private sector development, though at sovereign/multilateral scale.
• Helios Investment Partners: Pan-African private equity firm investing across consumer, financial services, and industrials with offices in London and across Africa. Comparable to CDIH as a transatlantic Africa-focused PE sponsor with similar LPs and policy ties, though operating at a larger fund scale.

Direct peers

• Phatisa: Pan-African private equity fund manager with a focus on food, agriculture, and retail across sub-Saharan Africa. Comparable to CDIH's sector emphasis (agriculture, light manufacturing) and SME/growth-stage investment profile.
• GroFin: Development finance-backed SME investor focused on frontier and emerging African markets, providing both capital and business support. Comparable to CDIH's Growth Portfolio in offering venture capital plus advisory services to underserved African SMEs.
• AfricInvest: Tunis-headquartered private equity firm with deep North African (especially Maghreb) roots and a focus on SME growth capital. Directly comparable to CDIH given its Tunisian/Maghreb focus, SME orientation, and use of multiple fund vehicles for African growth-stage investing.
• Emerging Capital Partners (ECP): Africa-focused private equity firm with multiple flagship funds and policy-aligned LPs (DFIs, IFIs). Comparable to CDIH in mandate (African growth/VC), LP base (development finance institutions), and vehicle structure (multiple regional funds).

Others

• Citic Capital (Africa strategy): Global alternative asset manager that has channeled Chinese-Africa investment flows into African infrastructure and resources. Comparable to CDIH in the context of transatlantic/foreign capital intermediation into African private sector deals.

Emerging players

• Acumen: Impact-focused investor in African and South Asian SMEs, combining capital with technical assistance. Comparable to CDIH's blend of venture financing plus mentoring/coaching services for SMEs, though Acumen's model is more philanthropic-impact than commercial VC.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Co-Development & Investment Holdings