Actis taps Sovereign for EMEA fundraising head

Virginia Doble was responsible for raising approximately £650m across Sovereign Capital’s previous two private equity funds.

Actis has appointed Virginia Doble, former investor relations director at Sovereign Capital, as head of EMEA in its investor development group.

Doble – who was responsible for raising approximately £650 million ($876 million; €742 million) across Sovereign’s previous two private equity funds – joins after more than 10 years with her previous employer. Her newly created role is intended to boost Actis’s in-house fundraising capabilities with institutional limited partners across the region, a spokesman for the firm told Private Equity International.

“Virginia’s appointment strengthens Actis’s commitment to leveraging extremely strong in-house capabilities in marketing future funds,” he said. “The timing of the appointment within the fund cycle will allow Virginia to familiarise herself with Actis’s existing assets, fund and investors.”

Actis Global 4, a $1.4 billion 2012-vintage according to PEI data, was the first Actis vehicle to be raised without a placement agent, the spokesman noted. The firm has invested approximately $7.8 billion across Africa, Latin America and Asia, according to its website.

It is reportedly in market with a long-life infrastructure fund.

In February partner Sherif Elkholy told PEI the firm anticipated a “step up” in LP appetite for Africa this year, pointing to European sovereign wealth funds, pensions and family offices as among those driving this shift.