Actis said Tuesday that it elected Torbjorn Caesar as the firm’s new Senior Partner effective immediately. Torbjorn is succeeding Paul Fletcher, who becomes Non-Executive Chairman of the Firm. Torbjorn was previously Co-head of Actis’ energy business.
London, 16 June 2015 – Actis, a leading, global pan-emerging market investment firm, today announced the election of Torbjorn Caesar as the Firm’s new Senior Partner. Torbjorn will assume his new role with immediate effect, succeeding Paul Fletcher, who becomes Non-Executive Chairman of the Firm.
Paul Fletcher said, “I am delighted that Torbjorn will take over as the Senior Partner of Actis. 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 and inspire the next generation of Actis and to develop the Firm in its second decade.”
Torbjorn Caesar said, “On behalf of the Firm, I would like to thank Paul for the tremendous leadership he has provided to Actis as Senior Partner over the past decade in creating a leading global pan-emerging markets investment firm. 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, while continuing to deliver the best possible outcomes for our investors. I look forward to working closely with Paul in the years ahead.”
Actis is a leading multi-asset pan-emerging markets investor, with a growing portfolio of investments across Asia, Africa and Latin America and US$7.6bn funds under management today.
A 65+ year heritage, a proven track record and experience built through specialisation and pattern recognition makes Actis the partner of choice for investors, management teams, entrepreneurs and governments alike. Applying developed market disciplines to emerging markets, an established team of c. 100 investment professionals in ten countries identify investment opportunities in private equity, energy and real estate.
Actis is a signatory to the United Nations Principles for Responsible Investment (UNPRI), an investor initiative developed by the UNEP FI and the UN Global Compact. Actis targets consistent superior returns across asset classes over the long-term, bringing financial and social benefits to investors, consumers and communities. It calls this the positive power of capital
About Paul Fletcher, Non-Executive Chairman
Paul has spent his career working and investing in emerging markets. Today he is Actis’ Non-Executive Chairman where he provides strategic advice and business counsel to Actis through his ongoing role on its Board.
Paul joined CDC in 2000, was appointed as CEO in 2002, and oversaw the spin off which created Actis in 2004. Paul led Actis from the spin off until June 2015.
Paul began his career as a trader with Cargill, based in Minneapolis; he then moved to London with Banker’s Trust. In the early 1990s Paul transitioned over to corporate finance with a role at Citibank in Tokyo. It was while at Citibank that Paul started nurturing his interest in emerging markets: moving to Nairobi to lead Citi’s East African operations, before becoming Head of Emerging Markets Strategic Planning.
Paul is a founding director of the Emerging Markets Private Equity Association and a long-term supporter of the World Economic Forum. He holds a Master of Arts (“MA”) in Geography from the University of Oxford.
About Torbjorn Caesar, Senior Partner
Torbjorn began his working life building power plants in Egypt for leading engineering firm ABB and stayed with them for 13 years working in Germany, Switzerland, Russia and Singapore, developing, building and investing in the emerging markets power sector. He left in 1999 to found an internet technology company followed by a combined heat and power business, two ventures that drove home the importance of capital and the challenges of building a business.
In 2002 as one of the founding partners, Torbjorn created Globeleq Limited which subsequently became Actis’ first Energy fund. At Globeleq, Torbjorn managed its initial acquisitions in Africa and Asia, overseeing all commercial, operational and business development activities in Africa, before being appointed Globeleq CEO in 2006. As CEO, he refocused the company and oversaw investments and exits generating a US$1 billion capital gain and a 27% gross return. Torbjorn went on to establish Actis Infrastructure 2, together with Actis Energy Co-head Mike Till, which is currently in the process of exiting its investments and is expected to deliver a similar mid 20% gross return. Torbjorn was instrumental in raising Actis Energy 3 which is now committed/pledged and on track for similar success.
Before being elected Senior Partner, Torbjorn was Co-head of Actis’ energy business, and has 25 years of experience in the energy sector, most of it in emerging markets. As Senior Partner, Torbjorn chairs Actis’ Executive Committee and also sits on the Energy Investment Committee.
Torbjorn holds an MSc in mechanical engineering from Chalmers University of Technology in Sweden and an MBA from IMD in Switzerland.