Founder of Adlevo Capital Yemi Lalude has been appointed managing partner of TPG Africa, and will be responsible for overseeing TPG’s investments across the continent.
TPG Growth is the global middle market and growth equity platform of private investment firm TPG; and recently signed a partnership with Satya Capital Limited – through which TPG’s African investments will be coordinated.
Lalude will oversee TPG Growth’s investments in Africa, through the TPG-Satya partnership, and will also act as a leader within the organisation on emerging market investment activities in the technology, media and telecommunications (TMT) sector.
“This role brings together two of my greatest passions – Africa and technology – at a time of unprecedented opportunity for entrepreneurs and consumers in emerging markets. I’m excited to be part of TPG Growth, and I look forward to working with colleagues across all TPG platforms and with our partners at Satya Capital,” said Lalude.
Lalude founded private equity fund Adlevo Capital in 2008, and under his leadership the company has invested in African successes like Interswitch; and recently led a US$13 million funding round in mobile payments company Paga.
“We are delighted to have Yemi join the team. His deep experience investing across Africa, as well as his experience in the TMT space, is a great fit for TPG Growth. With Yemi and the TPG-Satya team, we have the expertise needed to help build Africa’s best businesses,” said Bill McGlashan, founder and managing partner of TPG Growth.