Investec hires African private equity expert

Investec Asset Management has hired Peter Baird as managing principal of its African private equity funds.

Baird joins from Standard Chartered in Johannesburg, where he helped to create a portfolio of 11 companies worth $900 million as the firm’s head of African private equity.

“While we are a global investment firm, our heritage and presence in Africa means that we are not only well placed to share our investment insights with clients, but committed to the long-term future of the continent,” said Domenico Ferrini, co-chief investment officer at Investec.

Set up nearly ten years ago, Investec’s private equity division forms part of a broad private markets business covering unlisted credit and infrastructure.

The firm’s infrastructure department gained a boost last year when the firm won a mandate to manage the Emerging Africa Infrastructure Fund, supported by a several European governments among others.

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