TPG/Satya enhances growth focus in Africa

London – TPG Growth, the global middle market and growth equity platform of private investment firm TPG, announced on Friday the appointment of Yemi Lalude as managing partner, TPG Africa.
 
Lalude will oversee TPG Growth’s investments in Africa, coordinated through TPG/Satya, the partnership between TPG Growth and Satya Capital that was launched in June. In addition to his Africa-specific role, Lalude will focus on emerging market investment activities in the technology, media and telecommunications sector for TPG.
   
Lalude joins TPG from Adlevo Capital, a private equity fund founded on the belief that meaningful development in sub-Saharan Africa will be driven by the application of technology. He founded Adlevo Capital in 2008 and, under his leadership, the firm has invested in successful technology companies in Africa, such as Interswitch and Paga. Previously.

Lalude was a Principal at GGV Capital, a leading Silicon Valley-based venture capital firm focused on investments in the US and China. Before joining GGV Capital, he held engineering, business development and product management positions at Hewlett-Packard and Siebel Systems.

Bill McGlashan, founder and managing partner of TPG Growth, said Lalude's experience investing across Africa, as well as his experience in the TMT space, is a great fit for TPG Growth.

Lalude added that his new role brings together two of his greatest passions – Africa and technology – "at a time of unprecedented opportunity for entrepreneurs and consumers in emerging markets".