Actis has promoted North America-focused fundraising executive Adiba Ighodaro to partner, a move that comes as the London-based emerging markets investor continues to raise capital for its latest vehicle.
Adiba is a member of the investor development group, responsible for leading fundraising activities and investor relations in North America.
“Adiba exemplifies the best of Actis’s values,” said Actis senior partner Paul Fletcher.
“During her time at Actis, she has demonstrated exceptional levels of commitment, energy and professionalism in a number of different roles.
“Adiba has a rare ability to combine managing complex business relationships with great sensitivity and clear commercial acumen.”
Adiba joined CDC in 1991 after beginning her career in commercial and corporate law. She focused on investment opportunities in the Caribbean before being made Head of West Africa and setting up CDC’s Nigeria office in 2000.
While in Nigeria, Adiba played a key role in notable transactions including Starcomms, Diamond Bank, UAC Nigeria and The Palms shopping mall.
Adiba transferred to the investor development group when Actis was created in 2004.
In September Actis made a $68m investment in CNA, a provider of English language training in Brazil, marking the firm’s first investment from its new fund.
A portion of the investment will be funded from Actis 4, which is on the road seeking $3.5bn and has already received commitments from the Washington State Investment Board, Pennsylvania Public School Employees’ Retirement System, and the Oklahoma Police Pension and Retirement System.
Actis became fully independent from the UK government in May after it bought back its remaining 40 per cent stake, in a deal that netted taxpayers more than £60m.
Copyright © 2012 AltAssets