Torbjorn Caesar has been elected senior partner at emerging markets investment manager Actis Capital.
Caesar assumed his new role effective yesterday, according to media reports. He succeeds Paul Fletcher, who has become non-executive chairman of the company.
“I would like to thank Paul for the tremendous leadership he has provided to Actis over the past decade in creating a leading global pan-emerging markets investment firm,” said Caesar in a statement.
“I am excited and fortunate to be working with an extremely talented team that will build upon the global platform and cohesive culture that Paul has helped create,” he added, “while continuing to deliver the best possible outcomes for our investors. I look forward to working closely with Paul in the years ahead.”
“I am delighted that Torbjorn will take over as the Senior Partner of Actis,” commented outgoing senior partner Fletcher. “During his 13 years at the Firm, he has shown outstanding leadership skills in tandem with generating excellent investment returns. We are indeed fortunate to have him lead andinspire the next generation of Actis and to develop the firm in its second decade.”
Actis Capital is a private equity firm focused exclusively on investments in Africa, Asia and Latin America. It was founded in 2004 as a spinoff from CDC, the U.K. development fund started in 1948 to invest in Commonwealth companies. The firm manages more than $7.5 billion in capital commitments across 70 companies and 12 offices worldwide.