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Actis hires Commonfund's Byrd

Friday, September 30, 2016
Opalesque Industry Update - Actis, a leading growth markets investor, today announced the appointment of Carlton Byrd as a director in the Investor Development Group in the New York office where he will further bolster the fundraising and investor relations expertise.

Carlton joins from Commonfund where he was a Managing Director and spent several years raising capital for PE funds from US institutional investors. Prior to this, Carlton carried out a number of business development roles in the hedge funds industry, having started his career in Financial Services with Goldman Sachs in 1994, where he spent eight years.

Carlton holds an MBA in Finance from Harvard Business School, and a double degree in Economics and Applied Science from University of Pennsylvania’s Jerome Fisher Program in Management and Technology.

Actis is a leading investor in growth markets, delivering consistent competitive returns, responsibly across three asset classes of Energy, Real Estate and Private Equity. It has a growing portfolio of investments across Asia, Africa and Latin America and US$6.3bn assets under management today.

In June 2016 Actis closed Africa Real Estate Fund 3 with commitments totaling more than $500m, comfortably exceeding the original $400m target. ARE3 is the largest opportunistic private real estate fund targeting sub-Saharan Africa raised in the market to date. The diverse investor base includes pension funds, sovereign wealth funds, development finance institutions and endowments from Africa, Asia, Europe and North America.

Commenting on the appointment, Adiba Ighodaro, Partner and head of the New York office at Actis, said: “We are very pleased to welcome Carlton to the team in New York. Carlton brings with him extensive experience, an impressive track record and considerable acumen. He will further strengthen Actis ‘presence in the US and most importantly his expertise will help to realise the ambitions of our investors.”

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