Our Investors

GCR Shareholders

In support of GCR’s objective to establish itself as “a leading international emerging markets focussed rating agency”, one of the largest international Development Finance Institutions (“DEG”) acquired a significant stake in the business in December 2007, and further increased its shareholding in both 2012 and 2014. In addition, the Carlyle Group acquired a 49.9% stake in GCR towards the end of 2016. 

The Carlyle Group

Carlyle is a multinational private equity, alternative asset management and financial services corporation. It specializes in corporate private equity, real assets, global credit, and investments, managing assets in the region of US$200 billion, and listed on the NASDAQ stock market. Carlyle’s esteemed global standing, vast and influential network, and understanding of emerging market dynamics will further assist in augmenting GCR’s brand, market position and credibility across the African continent. Carlyle is also a very important player in the global structured finance market.


Deutsche Investitions- und Entwicklungsgesellschaft (DEG) is a Development Finance Institution and a subsidiary of KfW Group, a German government-owned development bank. DEG offers financing, advice and support to private sector enterprises operating in developing and emerging-market countries. DEG operates from 19 locations worldwide, and through leveraging its international network.