As part of the GIIN’s mission to accelerate the scale and effectiveness of impact investing, we publish job openings from members of the GIIN Investors’ Council and other impact investing leaders.

Executive, Development Impact (Funds)

at CDC Group plc in London, UK

About the Job

Role purpose
CDC’s Development Impact (DI) team provides technical leadership as we screen, manage and evaluate the development impact of the investments we make. Over the next five years CDC will implement a world-class framework designed to select the right investments, assess, measure and communicate their impact and better understand what works in private sector development.

We are recruiting a Development Impact Executive who will be embedded in the Intermediated Equity (IE) investment team. This important role will provide development impact expertise for the investment team and investees as needed for CDC’s main portfolio. The Executive will track our progress against development impact objectives from origination to exit, and seek to understand in more depth the impact we are achieving through our intermediated investments, including through the underlying investments made by our fund managers. This role will require travel, for example to undertake due diligence visits, or when validating the development impact of specific investments.


Our Mission

Our mission is to support the building of businesses throughout Africa and South Asia, to create jobs and make a lasting difference to people’s lives in some of the world’s poorest places.
We aim to invest in countries where we can have the greatest impact. In countries where the private sector is weak and jobs are scarce.
We invest in sectors where growth leads to jobs – both directly and indirectly. In sectors such as manufacturing, agribusiness, infrastructure, financial institutions, construction, health and education. Last year, the businesses we invest in created more than a million jobs.
We are successful because we are a high quality investment organisation, using the best commercial skills and judgement to make investments in great companies and support them to grow over the long term. We therefore want to attract people with these skills but who are motivated to use them to dramatically improve the private sector in Africa and South Asia
For further information, please visit our website


  • Work on investments from origination to exit / fund dissolution, providing development expertise for the investment team and investee as needed. This includes:
  • Coordinating the development impact cases for prospective investments through the Investment Committee process, which will involve desk research, facilitating discussions, and due diligence where necessary.
  • Being responsible for the timely collection of DI metrics for the main portfolio of investments, in collaboration with the broader DI team.
  • Analyzing over time how funds are performing against their initial development thesis, feeding back learning to the investment team and the broader organisation.
  • Develop impact cast studies and support evaluation studies relevant to the intermediate equity portfolio (in coordination with the broader DI team).
  • Support strategic thinking and fund manager selection, providing insights from a DI perspective.
  • Strengthen the overall development case for investing in funds, using evidence from CDC’s portfolio and in particular looking at the impact of funds on the private sector ecosystem.
  • Develop innovative ways to engage GPs on their development impact (in liaison with the investment teams), e.g. by sharing back DI data and insights.
  • Work with the Communications Team to communicate impact and share lessons learned to internal and external audiences.

The candidate


  • Strong academic credentials.
  • At least five to eight years’ work experience, preferably within development, management consulting or the investment industry, and preferably with exposure to private sector investing.
  • Work experience in emerging markets and developing economies, preferably in Africa and South Asia, is a strength.

Technical skills

  • Excellent analytical and problem-solving skills.
  • Strong understanding of underlying commercial strategies and ability to consider development impact in a lean and pragmatic manner, ideally in a way that is additive to the funds and their underlying companies.
  • Strong communication skills – the ability to describe development impact scenarios with accuracy and concision; and the ability to explain development impact to non-professionals.
  • Confident managing data and collating and presenting evidence.
  • Demonstrated ability to take ownership for delivery of a high quality, responsive service to demanding clients.

Personal skills

  • Team working: close collaboration with investment teams and others across the organisation.
  • Results focus: drive to achieve objectives/results.
  • Personal effectiveness: organizing self and others to meet agreed deadlines.
  • Relationships: effective at building and maintaining relationships with fund managers, external stakeholders and the wider industry.

CDC Identities

  • We look for candidates who share our culture and reflect our identity, the CDC identities are described as follows:
  • Compassion is central to everything we do
  • We owe our clients and prospective clients a fast and thoughtful process
  • We accept the tough challenges inherent in our mission
  • We are quick and non-defensive when things go wrong
  • We oppose bureaucracy
  • We never forget that we are investing and spending tax payers’ money
  • We promote a fulfilling work environment

CDC Group plc

CDC is the UK’s Development Finance Institution (DFI) tasked with the inspiring mission to invest in businesses in Africa and South Asia to create jobs and make a lasting difference to people’s lives in some of the world’s poorest places. Established in 1948, CDC is the world’s oldest DFI and has a proud heritage supporting the building of successful businesses across emerging and frontier markets. CDC is currently going through an exciting transformation, which has seen it extend the range of its activities to include direct equity investing and direct lending alongside its fund selection business. Between 2004 and 2011 CDC operated as a funds investor only.

Wholly owned by the UK Government’s Department for International Development (DFID), CDC plays a key role in DFID’s strategy to reduce poverty in the developing world by supporting economic growth and creating jobs. In recognition of CDC’s high quality and developmental approach to investing, DFID recently announced a significant new capital injection of £735 million into CDC. Prior to this, since inception the UK Government had invested a net £144 million into CDC, which had been turned into net assets of £3.4 billion. The new investment will allow CDC to invest on a greater scale in job-creating sectors such as agribusiness, infrastructure, financial institutions and construction.

CDC takes a wholly commercial approach to its investing and lending activities, but, as a DFI, each investment is motivated by the development impact it will achieve. As it invests from its own balance sheet, CDC has considerable flexibility in how it structures investments and in the risk-return profiles it can consider. It is also able to take a longer view – up to and beyond ten years if necessary. CDC is currently invested in over 1,300 companies in 74 countries.

CDC invests in a number of ways:
• placing capital with expert fund managers (GPs) who then use their local knowledge and expertise to find promising businesses in which to invest;
• making direct investments or co-investing in specific businesses, alongside local GPs or like-minded investors; and
• making loans or guarantees

To achieve its vision and mandate, CDC is looking to build its team and, in particular, attract high quality investment professionals who are motivated to use their skills to develop the private sector in Africa and South Asia. For further information, see