ECP hires first CIO after strong fundraise

Seasoned Africa investor Andrew Brown will oversee Emerging Capital Partners’ record-setting $613m Africa-focused fund as its first-ever chief investment officer.

Emerging Capital Partners has recruited Andrew Brown as chief investment officer, a newly created position.

Brown makes the transition from Amundi Private Equity where he spearheaded the group’s North Africa investments since 2006. A 13-year veteran investor on the continent, Brown also launched CDC Group’s Cairo office in 2001 after first joining the UK development finance institution in 1998 to target telecom and infrastructure investments in emerging markets.

Andrew Brown

The hire comes less than a year after ECP secured $613 million in capital for its third pan-Africa focused fund, the largest of its kind according to the firm.

Brown, who will oversee the firm’s six active funds from its Paris office, “adds operational experience, support and oversight to [ECP’s] investment process,” said Vincent Le Guennou, one of the firm’s co-founders.

ECP Africa Fund III has to date made four investments worth a total $180 million, according to a statement.

Africa’s increasingly attractive prospects will be the subject of Carlyle Group co-founder David Rubenstein’s keynote address at PEI’s upcoming Africa Forum.